The bill would amend the Internal Revenue Code to increase state low-income housing credit allocations beginning after December 31, 2025. It would provide a 50 percent eligible-basis increase for certain projects serving households with people with disabilities, subject to accessibility, location, and financial-feasibility conditions, for buildings receiving allocations after December 31, 2026. It would also require qualified allocation plans to ensure that at least 40 percent of applicable low-income units over each three-year period are in qualifying projects, generally applying to plans adopted after December 31, 2026.

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