Affordable Housing and Area Median Income Fairness Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 3914 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 3914 To increase the supply of, and lower rents for, affordable housing and to assess calculations of area median income for purposes of Federal low-income housing assistance, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 12, 2024 Mrs. Gillibrand introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To increase the supply of, and lower rents for, affordable housing and to assess calculations of area median income for purposes of Federal low-income housing assistance, and for other purposes. 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 ``Affordable Housing and Area Median Income Fairness Act of 2024''. SEC. 2. DEFINITIONS. In this Act: (1) Area median income.--The term ``area …