DASH Act

Bill: 118-hr-6970
Sponsor: Rep. Hoyle, Val T. [D-OR-4]
Introduced: 2024-01-11 in the House
Policy area: Housing and Community Development
Subjects: Building construction
Business investment and capital
Capital gains tax
Economic development
Economic performance and conditions
Government information and archives
Government studies and investigations
Homelessness and emergency shelter
Housing and community development funding
Housing finance and home ownership
Housing supply and affordability
Income tax credits
Indian social and development programs
Inflation and prices
Landlord and tenant
Low- and moderate-income housing
Public housing
Real estate business
Residential rehabilitation and home repair
Securities
Small business
State and local government operations
Tax administration and collection, taxpayers

Summary:
action_date: 2024-01-11
text: 

Decent, Affordable, Safe Housing for all Act or the DASH Act

 
This bill provides grants, loans, tax credits, and other assistance to promote the building, maintenance, and affordability of housing.
 
 Specifically, the bill requires the Department of Housing and Urban Development to (1) provide housing vouchers to individuals and families experiencing or at risk of experiencing homelessness, (2) provide grants for the modular construction of affordable housing, (3) propose a new formula for distribution of Housing Trust Fund amounts, and (4) encourage zoning and community planning methods that promote multi-family housing. The bill also makes permanent certain homeless assistance programs.
 
The Department of Agriculture (USDA) must provide additional grants and loans to construct or preserve affordable housing for farm laborers and may provide rural housing vouchers for low-income households residing in certain properties financed with a loan made or insured by USDA. The bill also provides statutory authority for a program to preserve and revitalize USDA-backed housing projects, including by restructuring existing housing loans.
 
The bill expands the Low-Income Housing Tax Credit (LIHTC), including by increasing the credit for projects serving extremely low-income households. Further, the bill creates a refundable tax credit for participating owners of rental buildings who lower rents for their low-income tenants. The bill also creates a tax credit similar to the LIHTC for the development of housing for middle-income households and provides a tax credit of up to $15,000 for first-time homebuyers.


Legislative actions:
action_date: 2024-12-17
text: Referred to the Subcommittee on Work and Welfare.
action_date: 2024-12-17
text: Referred to the Subcommittee on Health.
action_date: 2024-01-11
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2024-01-11
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2024-01-11
text: Introduced in House
action_date: 2024-01-11
text: Introduced in House