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119-hr-3126119th CongressWALLET

Promoting Submetering for Affordable Housing Act

Sponsored By: Representative Tenney, Claudia [R-NY-24]

Introduced

Summary

Boost tax-credit support for affordable housing that installs water submeters. It would target buildings with 4 or more units that bill tenants separately and must give tenants access to read submeters within 72 hours.

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  • Tenants: Tenants gain the right to access unit water-usage readings within 72 hours of request, including access in landlord-controlled areas, which can help households track and reduce water use.
  • Developers and owners: Projects that meet the rules would receive an increased eligible basis for Low-Income Housing Tax Credit calculations, raising the potential tax credit available to projects that add submeters.
  • Housing and utilities: The change is designed to encourage deployment of water submeters, support utility cost recovery, and promote demand management in affordable housing.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger housing tax credit for submetered buildings

If enacted, owners of qualifying low-income buildings would get a bigger housing tax credit. The eligible basis would increase to 105% for buildings with 4+ units that bill each unit’s water by submeter. Tenants would need access to read the water meters within 72 hours of a request, even if meters are in landlord-controlled areas. It would apply only to projects that receive credit allocations or tax-exempt bond volume after enactment.

Sponsors & CoSponsors

Sponsor

Tenney, Claudia [R-NY-24]

NY • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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