Sec. 201. Average income test applicability to exempt facility bonds. 
Sec. 202. Codification of rules relating to increased tenant income. 
Sec. 203. Modification of student occupancy rules. 
Sec. 204. Tenant voucher payments taken into account as rent for certain pur-
poses. 
Sec. 205. Requirement that low-income housing credit-supported housing pro-
tect victims of domestic abuse. 
Sec. 206. Clarification of general public use requirement relating to veterans, 
etc. 
TITLE III—CREDIT RATE AND OTHER RULES RELATING TO 
CREDIT ELIGIBILITY AND DETERMINATION 
Sec. 301. Minimum credit rate. 
Sec. 302. Reconstruction or replacement period after casualty loss. 
Sec. 303. Modification and clarification of rights relating to building purchase. 
Sec. 304. Modification of previous ownership rules; limitation on acquisition 
basis. 
Sec. 305. Certain relocation costs taken into account as rehabilitation expendi-
tures. 
Sec. 306. Repeal of qualified census tract population cap. 
Sec. 307. Determination of community revitalization plan to be made by hous-
ing credit agency. 
Sec. 308. Prohibition of local approval and contribution requirements. 
Sec. 309. Increase in credit for certain projects designated to serve extremely 
low-income households. 
Sec. 310. Increase in credit for bond-financed projects designated by State 
agency. 
Sec. 311. Elimination of basis reduction for low-income housing properties re-
ceiving certain energy benefits. 
Sec. 312. Restriction of planned foreclosures. 
Sec. 313. Increase of population cap for difficult development areas. 
Sec. 314. Increased cost oversight and accountability. 
TITLE IV—REFORMS RELATING TO NATIVE AMERICAN 
ASSISTANCE 
Sec. 401. Selection criteria under qualified allocation plans. 
Sec. 402. Inclusion of Indian areas as difficult development areas for purposes 
of certain buildings. 
TITLE V—REFORMS RELATING TO RURAL ASSISTANCE 
Sec. 501. Inclusion of rural areas as difficult development areas. 
Sec. 502. Uniform income eligibility for rural projects. 
TITLE VI—EXEMPT FACILITY BONDS 
Sec. 601. Revision and clarification of the treatment of refunding issues. 
TITLE VII—AFFORDABLE HOUSING TAX CREDIT 
Sec. 701. Affordable housing tax credit. 
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TITLE I—REFORM OF STATE 
ALLOCATION FORMULAS 
SEC. 101. INCREASES IN STATE ALLOCATIONS. 
(a) PHASE-IN OF INCREASES.— 
(1) IN
GENERAL.—Clause (ii) of section 
42(h)(3)(C) of the Internal Revenue Code of 1986 
is amended— 
(A) by striking ‘‘$1.75’’ in subclause (I) 
and inserting ‘‘the per capita dollar amount’’, 
and 
(B) by striking ‘‘$2,000,000’’ in subclause 
(II) and inserting ‘‘the minimum ceiling 
amount’’. 
(2) PER
CAPITA
DOLLAR
AMOUNT; MINIMUM 
CEILING
AMOUNT.—Subparagraph (I) of section 
42(h)(3) of such Code is amended to read as follows: 
‘‘(I) PER CAPITA DOLLAR AMOUNT; MIN-
IMUM CEILING AMOUNT.—For purposes of this 
paragraph— 
‘‘(i) PER CAPITA DOLLAR AMOUNT.— 
The per capita dollar amount is— 
‘‘(I) for calendar year 2019, 
$2.76, 
‘‘(II) for calendar year 2020, 
$3.10, 
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‘‘(III) for calendar year 2021, 
$3.49, 
‘‘(IV) for calendar year 2022, 
$3.93, 
‘‘(V) for calendar year 2023, 
$4.42, and 
‘‘(VI) $4.96 thereafter. 
‘‘(ii) MINIMUM
CEILING
AMOUNT.— 
The minimum ceiling amount is— 
‘‘(I) for calendar year 2019, 
$3,166,875, 
‘‘(II) for calendar year 2020, 
$3,565,496, 
‘‘(III) for calendar year 2021, 
$4,010,213, 
‘‘(IV) for calendar year 2022, 
$4,510,487, 
‘‘(V) for calendar year 2023, 
$5,073,171, and 
‘‘(VI) $5,700,468 thereafter.’’. 
(3) MODIFICATION OF COST-OF-LIVING ADJUST-
MENT.—Subparagraph (H) of section 42(h)(3) of 
such Code is amended— 
(A) by striking ‘‘2002’’ in clause (i) and 
inserting ‘‘2019’’, 
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(B) by striking ‘‘the $2,000,000 and $1.75 
amounts in subparagraph (C)’’ in clause (i) and 
inserting ‘‘the dollar amounts applicable to such 
calendar year under clauses (i) and (ii) of sub-
paragraph (I)’’, 
(C) by striking ‘‘2001’’ in clause (i)(II) 
and inserting ‘‘2018’’, 
(D) by striking ‘‘$2,000,000’’ in clause 
(ii)(I) and inserting ‘‘minimum ceiling’’, and 
(E) by striking ‘‘$1.75’’ in clause (ii)(II) 
and inserting ‘‘per capita dollar’’. 
(4) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to calendar years be-
ginning after December 31, 2019. 
(b) PERMANENT INCREASES.— 
(1) IN
GENERAL.—Clause (ii) of section 
42(h)(3)(C) of the Internal Revenue Code of 1986, 
as amended by subsection (a)(1), is amended— 
(A) by striking ‘‘the per capita dollar 
amount’’ 
in 
subclause 
(I) 
and 
inserting 
‘‘$4.96’’, and 
(B) by striking ‘‘the minimum ceiling 
amount’’ in subclause (II) and inserting 
‘‘$5,700,468’’. 
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(2) CONFORMING AMENDMENT.—Paragraph (3) 
of section 42(h) of such Code is amended by striking 
subparagraph (I), as amended by subsection (a)(2). 
(3) COST-OF-LIVING
ADJUSTMENT.—Subpara-
graph (H) of section 42(h)(3) of such Code, as 
amended by subsection (a)(3), is amended— 
(A) by striking ‘‘the dollar amounts appli-
cable to such calendar year under clauses (i) 
and (ii) of subparagraph (I)’’ in clause (i) and 
inserting ‘‘the $5,700,468 and $4.96 amounts 
in subparagraph (C)’’, 
(B) by striking ‘‘minimum ceiling’’ in 
clause (ii)(I) and inserting ‘‘$5,700,468’’, and 
(C) by striking ‘‘per capita dollar’’ in 
clause (ii)(II) and inserting ‘‘$4.96’’. 
(4) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to calendar years be-
ginning after December 31, 2024. 
TITLE II—REFORMS RELATING 
TO TENANT ELIGIBILITY 
SEC. 201. AVERAGE INCOME TEST APPLICABILITY TO EX-
EMPT FACILITY BONDS. 
(a) IN GENERAL.—Paragraph (1) of section 142(d) 
of the Internal Revenue Code of 1986 is amended— 
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