# 119-s-1515: Affordable Housing Credit Improvement Act of 2025 119-s-1515, Affordable Housing Credit Improvement Act of 2025, is a 119th Congress bill sponsored by Sen. Young, Todd [R-IN] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-04-21). - Canonical: https://policyrisk.com/legislation/119-s-1515 - As of: 2026-04-21 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-s-1515 - Congress: 119 - Title: Affordable Housing Credit Improvement Act of 2025 - Status: introduced - Introduced: 2025-04-29 - Sponsor: Sen. Young, Todd [R-IN] (R-IN) - Cosponsors: 41 - Policy area: Taxation - Touches household money: yes - Last recorded action: 2026-04-21 ## Summary **This bill reforms the Affordable Housing Credit to change how states get credits, alter project financing rules, and add tenant protections.** It combines formula changes, new developer rules, and targeted help for tribal and rural areas. ## Cosponsors (41) - Sen. Cantwell, Maria [D-WA] (D-WA), 2025-04-29T00:00:00.000Z - Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-04-29T00:00:00.000Z - Sen. Wyden, Ron [D-OR] (D-OR), 2025-04-29T00:00:00.000Z - Sen. Cassidy, Bill [R-LA] (R-LA), 2025-04-29T00:00:00.000Z - Sen. Bennet, Michael F. [D-CO] (D-CO), 2025-04-29T00:00:00.000Z - Sen. Tillis, Thomas [R-NC] (R-NC), 2025-04-29T00:00:00.000Z - Sen. Warner, Mark R. [D-VA] (D-VA), 2025-04-29T00:00:00.000Z - Sen. Marshall, Roger [R-KS] (R-KS), 2025-04-29T00:00:00.000Z - Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2025-04-29T00:00:00.000Z - Sen. Boozman, John [R-AR] (R-AR), 2025-04-29T00:00:00.000Z - Sen. Hassan, Margaret Wood [D-NH] (D-NH), 2025-04-29T00:00:00.000Z - Sen. Capito, Shelley Moore [R-WV] (R-WV), 2025-04-29T00:00:00.000Z - Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2025-04-29T00:00:00.000Z - Sen. Cramer, Kevin [R-ND] (R-ND), 2025-04-29T00:00:00.000Z - Sen. Smith, Tina [D-MN] (D-MN), 2025-04-29T00:00:00.000Z - Sen. Collins, Susan M. [R-ME] (R-ME), 2025-04-29T00:00:00.000Z - Sen. Luján, Ben Ray [D-NM] (D-NM), 2025-04-29T00:00:00.000Z - Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-04-29T00:00:00.000Z - Sen. Warnock, Raphael G. [D-GA] (D-GA), 2025-04-29T00:00:00.000Z - Sen. Justice, James C. [R-WV] (R-WV), 2025-04-29T00:00:00.000Z - Sen. Welch, Peter [D-VT] (D-VT), 2025-04-29T00:00:00.000Z - Sen. Moran, Jerry [R-KS] (R-KS), 2025-04-29T00:00:00.000Z - Sen. Shaheen, Jeanne [D-NH] (D-NH), 2025-04-29T00:00:00.000Z - Sen. Murkowski, Lisa [R-AK] (R-AK), 2025-04-29T00:00:00.000Z - Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2025-04-29T00:00:00.000Z - Sen. Ricketts, Pete [R-NE] (R-NE), 2025-04-29T00:00:00.000Z - Sen. Schumer, Charles E. [D-NY] (D-NY), 2025-04-29T00:00:00.000Z - Sen. Rounds, Mike [R-SD] (R-SD), 2025-04-29T00:00:00.000Z - Sen. Klobuchar, Amy [D-MN] (D-MN), 2025-04-29T00:00:00.000Z - Sen. Wicker, Roger F. [R-MS] (R-MS), 2025-05-07T00:00:00.000Z - Sen. Murray, Patty [D-WA] (D-WA), 2025-05-07T00:00:00.000Z - Sen. Husted, Jon [R-OH] (R-OH), 2025-05-08T00:00:00.000Z - Sen. Hirono, Mazie K. [D-HI] (D-HI), 2025-05-08T00:00:00.000Z - Sen. Sullivan, Dan [R-AK] (R-AK), 2025-05-13T00:00:00.000Z - Sen. Hickenlooper, John W. [D-CO] (D-CO), 2025-05-13T00:00:00.000Z - Sen. Budd, Ted [R-NC] (R-NC), 2025-05-14T00:00:00.000Z - Sen. Fetterman, John [D-PA] (D-PA), 2025-05-14T00:00:00.000Z - Sen. McCormick, David [R-PA] (R-PA), 2025-05-22T00:00:00.000Z - Sen. Kaine, Tim [D-VA] (D-VA), 2025-05-22T00:00:00.000Z - Sen. Hoeven, John [R-ND] (R-ND), 2025-06-10T00:00:00.000Z - Sen. Rosen, Jacky [D-NV] (D-NV), 2025-06-10T00:00:00.000Z ## Provisions PRIA read - Changes to state housing credit allocations: benefit, medium. If enacted, the per-capita housing credit would be $4.25 for 2025 and the 2025 minimum state allocation would be $4,876,000. The 2026 amounts would equal 1.25 times the 2025 amounts adjusted by a cost-of-living increase, and later years would use annual COLA rules. If enacted, qualified allocation… - Tax and financing changes for developers: mixed, high. If enacted, the bill would cap acquisition basis for buyers of buildings last placed in service within ten years. The cap would equal the lowest price paid in the prior 10 years (inflation-adjusted) plus seller-reflected capital improvements. If enacted, a five-year non-ownership rule would limit w… - New tenant protections and voucher rules: mixed, medium. If enacted, a unit would still count as low-income if the tenant's income later rises and the tenant's initial income was 60% of AMGI or less and the unit stays rent-restricted. For some units that first qualified under a special rule, the 60% test would be read as 80%, and certain rehabbed units w… ## Related bills - 119-s-2296: National Defense Authorization Act for Fiscal Year 2026 - 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas. - 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona. - 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina. - 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan. - 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California. ## Sources - [119-s-1515 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1515) ## Related - [119-s-2296: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-2296) - [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913) - [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897) - [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801) - [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755) - [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-s-1515 (as of 2026-04-21).