II 

118TH CONGRESS 

2D SESSION S. 3925 

To amend the Internal Revenue Code of 1986 to increase the low-income 

housing credit for projects designated to serve households with people 

with disabilities. 

IN THE SENATE OF THE UNITED STATES 

MARCH 12, 2024 

Mr. CASEY introduced the following bill; which was read twice and referred 

to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to increase 

the low-income housing credit for projects designated 

to serve households with people with disabilities. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Boosting Tax Credits 

5 for Accessible Housing Act’’. 


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1 SEC. 2. INCREASE IN LOW-INCOME HOUSING CREDIT FOR 

2 PROJECTS DESIGNATED TO SERVE HOUSE3 HOLDS WITH PEOPLE WITH DISABILITIES. 

4 (a) IN GENERAL.—Paragraph (5) of section 42(d) of 

5 the Internal Revenue Code of 1986 is amended by adding 

6 at the end the following new subparagraph: 

7 ‘‘(C) INCREASE IN CREDIT FOR PROJECTS

8 DESIGNATED TO SERVE HOUSEHOLDS WITH

9 PEOPLE WITH DISABILITIES.— 

10 ‘‘(i) IN GENERAL.—In the case of any 

11 building— 

12 ‘‘(I) 50 percent or more of the 

13 low-income units in the building are 

14 units designated by the taxpayer to 

15 meet the applicable design standards 

16 for occupancy by persons with mental, 

17 physical, sensory, or developmental 

18 disabilities, 

19 ‘‘(II) which is located in a census 

20 block group designated by the Envi21 ronmental Protection Agency as 

22 being— 

23 ‘‘(aa) above average or bet24 ter in terms of walkability, or 


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1 ‘‘(bb) adjacent to 2 or more 

2 census tracts described in item 

3 (aa), and 

4 ‘‘(III) which is designated by the 

5 housing credit agency as requiring the 

6 increase in credit under this subpara7 graph in order for such building to be 

8 financially feasible as part of a quali9 fied low-income housing project, 

10 subparagraph (B) shall not apply to the 

11 portion of such building which is comprised 

12 of such units, and the eligible basis of such 

13 portion of the building shall be 150 per14 cent of such basis determined without re15 gard to this subparagraph. 

16 ‘‘(ii) DESIGN STANDARDS.—For pur17 poses of clause (i)(I), the term ‘applicable 

18 design standards’ means the principles and 

19 standards of adaptable design as detailed 

20 in the Uniform Federal Accessibility 

21 Standards, or any successor standard des22 ignated by the Secretary.’’. 

23 (b) EFFECTIVE DATE.—The amendment made by 

24 this section shall apply to buildings which receive alloca25 tions of housing credit dollar amount or, in the case of 


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1 projects financed by tax-exempt obligations as described 

2 in section 42(h)(4) of the Internal Revenue Code of 1986, 

3 which are first taken into account under section 146 of 

4 such Code, after the date of the enactment of this Act. 

Æ 


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