(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to calendar years beginning after 
December 31, 2023. 
SEC. 5. TAX-EXEMPT BOND FINANCING REQUIREMENT. 
(a) IN GENERAL.—Subparagraph (B) of section 
42(h)(4) of the Internal Revenue Code of 1986 is amended 
by adding at the end the following: ‘‘In the case of build-
ings financed by an obligation first taken into account 
under section 146 in calendar years beginning after 2023, 
the preceding sentence shall be applied by substituting ‘25 
percent’ for ‘50 percent’.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to buildings placed in service in 
taxable years beginning after December 31, 2023. 
SEC. 6. INCREASE IN CREDIT FOR PROJECTS DESIGNATED 
TO SERVE HOUSEHOLDS WITH PEOPLE WITH 
DISABILITIES. 
(a) IN GENERAL.—Paragraph (5) of section 42(d) of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new subparagraph: 
‘‘(C) INCREASE IN CREDIT FOR PROJECTS 
DESIGNATED
TO
SERVE
HOUSEHOLDS
WITH 
PEOPLE WITH DISABILITIES.— 
‘‘(i) IN GENERAL.—In the case of any 
building— 
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‘‘(I) 50 percent or more of the 
low-income units in the building are 
units designated by the taxpayer to 
meet the applicable design standards 
for occupancy by persons with mental, 
physical, sensory, or developmental 
disabilities, 
‘‘(II) which is located in a census 
block group designated by the Envi-
ronmental 
Protection 
Agency 
as 
being— 
‘‘(aa) above average or bet-
ter in terms of walkability, or 
‘‘(bb) adjacent to 2 or more 
census tracts described in item 
(aa), and 
‘‘(III) which is designated by the 
housing credit agency as requiring the 
increase in credit under this subpara-
graph in order for such building to be 
financially feasible as part of a quali-
fied low-income housing project, 
subparagraph (B) shall not apply to the 
portion of such building which is comprised 
of such units, and the eligible basis of such 
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portion of the building shall be 130 per-
cent of such basis determined without re-
gard to this subparagraph. 
‘‘(ii) DESIGN STANDARDS.—For pur-
poses of clause (i)(I), the term ‘applicable 
design standards’ means the principles and 
standards of adaptable design as detailed 
in 
the 
Uniform 
Federal 
Accessibility 
Standards, or any successor standard des-
ignated by the Secretary.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to buildings which receive alloca-
tions of housing credit dollar amount or, in the case of 
projects financed by tax-exempt obligations as described 
in section 42(h)(4) of the Internal Revenue Code of 1986, 
which are first taken into account under section 146 of 
such Code, after the date of the enactment of this Act. 
SEC. 7. REQUIREMENT FOR PROJECTS DESIGNATED TO 
SERVE HOUSEHOLDS WITH PEOPLE WITH 
DISABILITIES. 
(a) IN GENERAL.—Paragraph (1) of section 42(m) 
of the Internal Revenue Code of 1986 is amended by add-
ing at the end the following new subparagraph: 
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‘‘(E) PROJECTS
DESIGNATED
TO
SERVE 
HOUSEHOLDS
WITH
PEOPLE
WITH
DISABIL-
ITIES.— 
‘‘(i) IN GENERAL.—The qualified allo-
cation plan shall ensure that, with respect 
to any 3-year period, the applicable per-
centage is not less than 40 percent. 
‘‘(ii) APPLICABLE PERCENTAGE.—For 
purposes of this subparagraph, the applica-
ble percentage is the ratio (expressed as a 
percentage) of— 
‘‘(I) the number of low-income 
units in all projects receiving an allo-
cation of the housing credit dollar 
amount during such period which 
meet the requirements of subclause 
(I) of subsection (d)(5)(C)(i), to 
‘‘(II) the aggregate number of all 
low-income units in all projects receiv-
ing an allocation of the housing credit 
dollar amount during such period. 
‘‘(iii) SPECIAL RULE.—For purposes 
of clause (ii)(I), any low-income unit which 
is part of a project which meets the re-
quirements of both subclause (I) and sub-
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clause (II) of subsection (d)(5)(C)(i) shall 
be counted twice.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to buildings which receive alloca-
tions of housing credit dollar amount or, in the case of 
projects financed by tax-exempt obligations as described 
in section 42(h)(4) of the Internal Revenue Code of 1986, 
which are first taken into account under section 146 of 
such Code, after the date of the enactment of this Act. 
SEC. 8. RESOURCE CENTERS FOR THE LOW-INCOME HOUS-
ING TAX CREDIT PROGRAM. 
(a) DEFINITIONS.—In this section: 
(1) CENTER.—The term ‘‘Center’’ means a Re-
source Center established under subsection (b). 
(2) PROGRAM.—The term ‘‘Program’’ means a 
program established for allocating amount under 
section 42(h) of the Internal Revenue Code of 1986. 
(b) ESTABLISHMENT.—Each State housing finance 
agency shall establish and operate a Resource Center for 
the Low-Income Housing Tax Credit Program to support 
new applicants and recipients for the Program in the State 
by— 
(1) providing potential applicants and recipients 
with information and technical assistance to effec-
tively prepare and submit a Program application; 
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(2) ensuring that all interested and eligible en-
tities have the tools to apply for the Program; 
(3) prioritizing providing assistance to nonprofit 
and first-time developers applying for the Program; 
(4) identifying potential barriers to preparing 
and submitting a successful application for the Pro-
gram; and 
(5) proposing streamlined solutions to those 
barriers that the State and each locality within the 
State can adopt. 
(c) OPERATING STANDARDS AND REPORTING RE-
QUIREMENTS.—Each State housing finance agency shall 
develop and issue operating standards and reporting re-
quirements for the Center established by the agency. 
(d) SET ASIDE.—There is authorized to be appro-
priated $8,250,000 for fiscal year 2024 and each fiscal 
year thereafter to carry out this section, of which 
$150,000 shall be allocated each fiscal year to each State 
housing finance agency located in— 
(1) a State of the United States; 
(2) the District of Columbia; or 
(3) a territory of the United States. 
SEC. 9. NATIONAL LOW-INCOME HOUSING TAX CREDIT AD-
VISORY COUNCIL. 
(a) DEFINITIONS.—In this section: 
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(1) COUNCIL.—The term ‘‘Council’’ means the 
National Low-Income Housing Tax Credit Advisory 
Council established under subsection (b). 
(2) COVERED PROPERTY.—The term ‘‘covered 
property’’ means a building receiving an allocation of 
credit under section 42 of the Internal Revenue 
Code of 1986. 
(b) ESTABLISHMENT.—There is established a Na-
tional Low-Income Housing Tax Credit Advisory Council. 
(c) MEMBERSHIP.— 
(1) SELECTION; CHAIR.—The Council shall be 
comprised of members selected by a designee jointly 
selected by the Secretary of Housing and Urban De-
velopment and the Secretary of the Treasury, who 
shall serve as chair of the Council. 
(2) MEMBERS.—The Council shall be composed 
of not less than 1 representative from each of the 
following groups: 
(A) Community-based organizations that 
support individuals with disabilities living in 
covered properties. 
(B) Community-based organizations that 
support older adults living in covered prop-
erties. 
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(C) Community-based organizations that 
support veterans living in covered properties. 
(D) Community-based organizations that 
support families and children living in covered 
properties. 
(E) A multi-State not-for-profit housing 
developer. 
(F) A multi-State for-profit housing devel-
oper. 
(G) Investors or syndicators of funds to 
which credits allocated under section 42 of the 
Internal Revenue Code of 1986 are sold. 
(H) The research community. 
(I) State housing finance agencies. 
(3) QUALIFICATIONS.—The members of the 
Council shall— 
(A) have a lived experience as part of the 
group they represent; and 
(B) represent a diversity of— 
(i) educational and professional back-
grounds; 
(ii) racial, ethnic, gender, and lin-
guistic identities; 
(iii) disabilities, including intellectual 
disabilities; 
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(iv) ages; and 
(v) geographic locations. 
(4) DURATION.—Each member of the Council 
shall be appointed for a period of 3 years and may 
be re-appointed for an additional term. 
(d) DUTIES.—The Council shall provide best practice 
recommendations and resources to State housing finance 
agencies, developers, investors, and consumers related to 
national trends in the development of affordable housing 
under section 42 of the Internal Revenue Code of 1986. 
(e) REPORT.— 
(1) IN GENERAL.—The Council shall submit to 
each State housing finance agency and the Secretary 
of Housing and Urban Development a report, which 
shall be submitted not less frequently than once 
every 3 years, with final recommendations on best 
practices to— 
(A) fulfill the mission of the credits allo-
cated under section 42 of the Internal Revenue 
Code of 1986; 
(B) serve the needs of individuals with dis-
abilities and older adults; and 
(C) study the effects of factors such as 
zoning, land use requirements, location, and 
cost of affordable housing developments. 
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(2) PUBLIC AVAILABILITY.—Upon receiving a 
report submitted under paragraph (1), the Secretary 
of Housing and Urban Development shall make the 
report available to the public. 
(f) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated $15,000,000 for fiscal year 
2024 and each fiscal year thereafter to carry out this sec-
tion, which amounts shall be provided to the Council to 
cover the costs of travel and the necessary operations of 
the Council. 
Æ 
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