To amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing.
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 provide an investment credit for converting non-residential buildings to affordable housing., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Transportation, Housing.
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 H62C3FE621B9A4BFDAB2115324AD3AE58: 1. Short title This Act may be cited as the Revitalizing Downtowns and Main Streets Act.
- Section H4DAC906593304A28A08CFFD9A333E071: 2. Investment credit for conversion of non-residential building to affordable housing Subpart E of part IV of subchapter A of chapter 1 of subtitle A of the...
- Section H9A89CD3E306042C39F8BB77929E96963: 48F. Affordable housing conversion credit For purposes of section 46, the affordable housing conversion credit for any taxable year is an amount equal to 20...
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 provide an investment credit for converting non-residential buildings to affordable housing., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Transportation, Housing
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Stabenow (for herself, Mr. Brown, Mr. Peters, and Mr. …
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?
- "the_secretary"
- → The Secretary identified in the operative section
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