Sponsors (7)
Official title: To provide rental vouchers for the homeless, and for other purposes.
Introduced June 11, 2026 by Val Hoyle · Last progress June 11, 2026
The bill directs substantial new federal funding and multiple tax credits to increase affordable rental and owner housing and strengthen services and tenant protections, but it greatly expands federal spending and tax expenditures while adding complex compliance rules and constraints that may strain program capacity and limit flexibility for states, developers, and owners.
Very low‑ and extremely low‑income renters will see more affordable rental units built because the bill creates large new funding streams and credit increases (Housing Trust Fund $10B/year plus expanded LIHTC allocations and related incentives).
Low‑income renters will get expanded access to housing and stronger tenancy protections through additional tenant‑based and project‑based vouchers, increased administrative fees/portability, and explicit non‑discrimination for voucher holders.
States, PHAs, and local agencies receive capacity and predictable funding (grants for staff/HMIS upgrades, per‑capita ceilings, minimum allocations and carryforwards) that should improve program administration and program continuity.
The package substantially expands federal spending and tax expenditures (new appropriations and multiple new/expanded tax credits), which will increase the federal budgetary cost and likely raise deficits or require offsets/cuts elsewhere.
The bill imposes widespread new compliance, reporting, monitoring, and certification requirements on PHAs, state agencies, developers, owners, lenders and taxpayers, increasing administrative costs, staffing burdens, and risks of penalties or lost funding for errors.
Expanding eligibility (e.g., increasing 'at‑risk' threshold to 50% AMI) while capping payment standards (125% of FMR) risks overwhelming voucher supply and failing to cover rents in high‑cost markets, reducing actual housing choice for voucher holders.
Based on analysis of 7 sections of legislative text.
Creates a homeless rental voucher program, reserves LIHTC credits for extremely low‑income units, establishes a middle‑income housing credit and homebuyer credit, and revises multiple tax rules.
Creates a new federal rental voucher program specifically for people experiencing homelessness, defines eligibility and priorities, allows use of existing voucher funding and portability, and requires HUD guidance, reporting, and rulemaking. It also changes federal housing tax policy by reserving credits for extremely low‑income units, creates a new middle‑income housing tax credit and related compliance rules, adds other targeted rental reduction and neighborhood/homebuyer tax credits, and makes multiple technical and substantive amendments to the Internal Revenue Code that affect basis, assessment, and deduction rules. The bill combines program authorization and tax changes: housing program rules and definitions (including an expanded definition of “at risk of homelessness”), new set‑asides and bonus credits in the Low‑Income Housing Tax Credit (LIHTC) program, a 15‑year middle‑income housing credit with long‑term use commitments, a refundable first‑time homebuyer credit, and numerous conforming and tax administration changes that take effect in specified calendar and taxable years (many beginning in 2026).