To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings.
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, To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies. The main policy domain is Housing.
Who Benefits and How
homeowners, renters, builders, and housing agencies 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, homeowners, renters, builders, and housing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H242D6347F53C43179B0071EE9BB7F488: 1. Short title This Act may be cited as the Accelerated Supply of Affordable Production Housing Act or the ASAP Housing Act.
- Section HB2C0641B40C045B28C3D16241F18D659: 2. Exception to volume cap for bonds to finance affordable housing Section 146(g) of the Internal Revenue Code of 1986 is amended— in paragraph (5), by...
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, To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Key Policy Areas
Housing
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Policy Domains
Whole bill
Identified Gains
- homeowners, renters, builders, and housing agencies
Identified Costs
- federal implementing agencies
- homeowners, renters, builders, and housing agencies
Legislative Progress
IntroducedMr. Torres of New York introduced the following bill; which …
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?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
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.
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