S. 1515 · 119th Congress

Expands and revises the low-income housing tax credit for affordable rentals

Official title: Affordable Housing Credit Improvement Act of 20251

Never got a floor voteBusiness tax breaks

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

Drafted by AI from the public sources cited. Each sentence links to its source.

This bill would expand and change the low-income housing tax credit, a federal tax credit that encourages building and renovating affordable rental housing, and would rename it the affordable housing credit.2 It would increase the amount of credits each state can award starting in 2025, with a further increase in 2026, and would lower from 50% to 25% the share of a project's costs that must be financed with tax-exempt bonds for it to receive credits outside a state's annual limit.2 It would also allow larger credits for some projects serving extremely low-income households and for projects in rural and Native American areas, and would change tenant rules, including adding protections for victims of domestic violence.2

§2Status

StatusLatest action, April 29, 2025: Read twice and referred to the Committee on Finance.1
IntroducedApril 29, 2025
SponsorSen. Young, Todd [R-IN]
Cosponsors41 cosponsors (21 Democratic, 20 Republican)
Official recordS. 1515 on Congress.gov

§3It never got a vote

Why this matters: This bill had wide support from both parties, but it never reached the House or Senate floor, so no member of Congress was ever recorded voting for or against it.

Latest action, April 29, 2025: Read twice and referred to the Committee on Finance.1 How bills die without a vote.

2026 candidates who sponsored or cosponsored it (13)