ASAP Housing Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9856 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9856 To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 25, 2024 Mr. Torres of New York introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Accelerated Supply of Affordable Production Housing Act'' or the ``ASAP Housing Act''. SEC. 2. EXCEPTION TO VOLUME CAP FOR BONDS TO FINANCE AFFORDABLE …