Housing Market Transparency Act

This bill makes the U.S. Department of Housing and Urban Development (HUD) collect and share more information about affordable housing built with low‑income housing tax credits. HUD would keep data on each property, like development costs, who owns it (including if it’s owned through a pass‑through entity), inspection and habitability info, when affordability rules end, why a property was sold or lost (like sale or foreclosure), and whether the owner gave up the right to seek a qualified contract. HUD must publish the data at least once a year and issue public reports on these properties and the wider multifamily market, with a limited exception noted in the bill.

State housing agencies would be required to send HUD this information within 18 months after a property is placed in service and then every year after that. HUD must set clear data standards, help states build reporting systems, and coordinate with other federal housing programs to cut down on duplicate reporting. If a property stops qualifying for the credit during a year, HUD must collect data on the final owner or buyer, including whether the buyer is a nonprofit.

• Who is affected: HUD, state housing agencies, and properties that receive low‑income housing tax credits.
• What changes: Regular data collection on costs, ownership, inspections, affordability timelines, and property sales or losses; annual public data releases and reports; and fewer duplicate reports across programs.
• When: States report to HUD within 18 months after a property starts operating and then annually.