I 
119TH CONGRESS 
1ST SESSION H. R. 4572 
To amend the Internal Revenue Code of 1986 to repeal the qualified contract 
exception to the extended low-income housing commitment rules for pur-
poses of the low-income housing credit, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 21, 2025 
Mr. NEGUSE 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 repeal 
the qualified contract exception to the extended low- 
income housing commitment rules for purposes of the 
low-income housing credit, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Save Affordable Hous-
ing Act of 2025’’. 
SEC. 2. REPEAL OF QUALIFIED CONTRACT OPTION. 
(a) TERMINATION OF OPTION FOR CERTAIN BUILD-
INGS.— 
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earned are necessary for financial fea-
sibility of the project and its viability 
as a qualified low-income housing 
project throughout the credit period.’’. 
(b) RULES RELATING TO EXISTING PROJECTS.— 
Subparagraph (F) of section 42(h)(6) of the Internal Rev-
enue Code of 1986 is amended by striking ‘‘the nonlow- 
income portion’’ and all that follows and inserting ‘‘the 
nonlow-income portion and the low-income portion of the 
building for fair market value (determined by the housing 
credit agency by taking into account the rent restrictions 
required for the low-income portion of the building to con-
tinue to meet the standards of paragraphs (1) and (2) of 
subsection (g)). The Secretary shall prescribe such regula-
tions as may be necessary or appropriate to carry out this 
paragraph.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) Paragraph (6) of section 42(h) of the Inter-
nal Revenue Code of 1986 is amended by striking 
subparagraph (G) and by redesignating subpara-
graphs (H), (I), (J), and (K) as subparagraphs (G), 
(H), (I), and (J), respectively. 
(2) Subclause (II) of section 42(h)(6)(E)(i) of 
such Code, as amended by subsection (a), is further 
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amended by striking ‘‘subparagraph (I)’’ and insert-
ing ‘‘subparagraph (H)’’. 
(d) TECHNICAL AMENDMENT.—Subparagraph (I) of 
section 42(h)(6) of the Internal Revenue Code of 1986, 
as redesignated by subsection (c), is amended by striking 
‘‘agreement’’ and inserting ‘‘commitment’’. 
(e) EFFECTIVE DATE.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by this section 
shall take effect on the date of the enactment of this 
Act. 
(2) 
RULES
RELATING
TO
EXISTING 
PROJECTS.—The amendments made by subsection 
(b) shall apply to buildings with respect to which a 
written request described in section 42(h)(6)(H) of 
the Internal Revenue Code of 1986, as redesignated 
by subsection (c), is submitted after the date of the 
enactment of this Act. 
Æ 
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