# 119-hr-4572: Save Affordable Housing Act of 2025

119-hr-4572, Save Affordable Housing Act of 2025, is a 119th Congress bill sponsored by Rep. Neguse, Joe [D-CO-2] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/legislation/119-hr-4572
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4572
- Congress: 119
- Title: Save Affordable Housing Act of 2025
- Status: introduced
- Introduced: 2025-07-21
- Sponsor: Rep. Neguse, Joe [D-CO-2] (D-CO)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-16

## Summary

**Ends the 'qualified contract' exit option for many Low-Income Housing Tax Credit projects and changes how existing projects are valued.** This bill would repeal the ability to use a qualified contract for buildings that received their housing credit allocation before Jan 1, 2025 or for certain bond-financed buildings with pre‑2025 eligibility determinations. - Owners and developers: Projects that meet the bill's categories would no longer have the qualified contract option to convert or exit extended low‑income commitments. This directly affects buildings allocated credits before Jan 1, 2025 or with qualifying bond-finance determinations. - Housing credit agencies and tax‑exempt bond issuers: Agencies would determine fair market value separately for the low‑income and nonlow‑income portions of a building and must account for the rent restrictions that keep the low‑income portion compliant. The Secretary of the Treasury may issue regulations to carry out this valuation rule. - Implementation and technical changes: The bill makes conforming and technical amendments to related Internal Revenue Code provisions and takes effect on enactment, with the valuation rule applying to written requests submitted after enactment.

## Provisions PRIA read

- Stricter exits and new valuation for affordable housing: mixed, medium. The bill would end the “qualified contract” exit option for many affordable housing projects. It would cover buildings that got tax credit allocations before January 1, 2025, or had the listed pre-2025 bond or agency determinations. It would also change how agencies set fair market value in that pr…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-10061: Wildfire Response and Readiness Act
- 119-hr-7973: Momnibus Act
- 119-hr-9070: OPEN Act
- 119-hr-5782: Western Wildfire Support Act of 2025

## Sources
- [119-hr-4572 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4572)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-10061: Wildfire Response and Readiness Act](https://policyrisk.com/legislation/119-hr-10061)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-9070: OPEN Act](https://policyrisk.com/legislation/119-hr-9070)
- [119-hr-5782: Western Wildfire Support Act of 2025](https://policyrisk.com/legislation/119-hr-5782)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4572 (as of 2026-10-16).