To amend the Internal Revenue Code of 1986 to encourage the building of housing for moderate income seniors.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to qualify for such credit low-income housing units that are available to individuals who have attained the age of 62 and whose incomes are 140% or less of the income limitation required for occupants of such housing units.…