HR893-119

In Committee

Working Families Housing Tax Credit Act

119th Congress Introduced Jan 31, 2025

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, Working Families Housing Tax Credit Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Education.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HFD6EB02F50A7444BBCAFB78D4B324345: 1. Short title This Act may be cited as the Working Families Housing Tax Credit Act.
  • Section H6AB215406A964CA48BE02955B1FF2761: 2. Sense of Congress relating to the working families housing tax credit It is the sense of Congress that— the working family housing tax credit under section...
  • Section H76C83BE477284238BEF8D5EE5E99F5D3: 3. Working families housing tax credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after...
  • Section H4B7DEA78D79B4C48A4AEB8A44EF9CAA4: 42A. Working families housing credit For purposes of section 38, the amount of the working families housing credit determined under this section for any...
  • Section H05D9B4F29BB9463A98D6E9990BAF727B: 4. Loans and grants for infrastructure projects in connection with qualified working families housing projects The Secretary shall make grants and...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, Working Families Housing Tax Credit Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Government Operations, Education

Primary Purpose

This bill, Working Families Housing Tax Credit Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Government Operations Education

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers: , ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: , ,
financial institutions, investors, and borrowers: , ,

Legislative Progress

In Committee
Introduced Committee Passed
Jan 31, 2025

Mr. Ryan introduced the following bill; which was referred to …

Jan 31, 2025

Referred to the Committee on Ways and Means, and in …

Jan 31, 2025

Introduced in House

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Government Operations Education
Actor Mappings
"secretary_of_housing_and_urban_development"
→ Secretary of Housing and Urban Development

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology