# 119-hr-537: INCREASE Housing Affordability Act

119-hr-537, INCREASE Housing Affordability Act, is a 119th Congress bill sponsored by Rep. Sherrill, Mikie [D-NJ-11] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-10-08).

- Canonical: https://policyrisk.com/legislation/119-hr-537
- As of: 2026-10-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-537
- Congress: 119
- Title: INCREASE Housing Affordability Act
- Status: introduced
- Introduced: 2025-01-16
- Sponsor: Rep. Sherrill, Mikie [D-NJ-11] (D-NJ)
- Cosponsors: 11
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-08

## Summary

**A new federal tax credit would target underused office buildings by encouraging their conversion into homes.** The bill pairs a **15% commercial-to-residential tax credit** with bonus lifts for rent-restricted affordable units and for projects that pay prevailing construction wages, and it would create a HUD advisory board to help speed conversions and remove local barriers.

## Cosponsors (11)

- Rep. Sykes, Emilia Strong [D-OH-13] (D-OH), 2026-10-01T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-10-05T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-10-06T00:00:00.000Z
- Rep. Garcia, Robert [D-CA-42] (D-CA), 2025-04-07T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-10-08T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-05-20T00:00:00.000Z
- Rep. Harder, Josh [D-CA-9] (D-CA), 2026-05-20T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-06-23T00:00:00.000Z
- Rep. Moulton, Seth [D-MA-6] (D-MA), 2026-08-03T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2026-08-24T00:00:00.000Z
- Rep. Costa, Jim [D-CA-21] (D-CA), 2026-09-04T00:00:00.000Z

## Provisions PRIA read

- Tax credit for office to housing conversions: benefit, high. This bill would create a federal tax credit to help convert older office buildings into homes. You could claim 15% of qualified conversion costs, up to $200,000 per new housing unit and $10,000,000 per building. If at least 25% of units are rent‑restricted and income‑qualified (at or below 100%, 80…
- HUD help for local housing conversions: benefit, low. This bill would direct HUD to set up an advisory board within one year to help states and cities convert offices to housing. The board would offer training on floor plans, feasibility, permitting, zoning fixes, and funding sources. It would authorize $5 million each year for 2025 through 2029 to su…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-5390: FAMILY Act
- 119-hr-15: Equality Act
- 119-hr-1589: American Dream and Promise Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act

## Sources
- [119-hr-537 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/537)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [119-hr-15: Equality Act](https://policyrisk.com/legislation/119-hr-15)
- [119-hr-1589: American Dream and Promise Act of 2025](https://policyrisk.com/legislation/119-hr-1589)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-537 (as of 2026-10-08).