# 119-s-5472: Supporting Small Affordable Housing Developers Act

119-s-5472, Supporting Small Affordable Housing Developers Act, is a 119th Congress bill sponsored by Sen. Welch, Peter [D-VT] (D-VT); status introduced; PRIA reads it as touching household money (as of 2026-10-07).

- Canonical: https://policyrisk.com/legislation/119-s-5472
- As of: 2026-10-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5472
- Congress: 119
- Title: Supporting Small Affordable Housing Developers Act
- Status: introduced
- Introduced: 2026-09-23
- Sponsor: Sen. Welch, Peter [D-VT] (D-VT)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-07

## Summary

**New tax exclusions and debt-forgiveness rules to support small affordable housing developers.** This bill would create new tax exclusions for certain grants and cash from the sale of transferrable affordable housing tax credits and would expand tax-free treatment for forgiven affordable-housing debt.

## Provisions PRIA read

- Debt forgiveness tax break for developers: benefit, high. This bill would let eligible small affordable-housing developers exclude forgiven 'qualified affordable housing' loans from taxable income. The loan would need to be made by the United States, a State or local government, a U.S. possession, or a 501(c)(3) nonprofit and used to develop or rehabilita…
- Tax-free grants and credit sales: benefit, medium. This bill would let small affordable-housing developers exclude certain grants from taxable income. It would also let eligible developers exclude cash received from selling transferable state or local affordable-housing tax credits. To qualify, a business would need average annual gross receipts un…
- Apply housing tax rules to Tribal governments: benefit, low. This bill would extend the affordable-housing grant and qualified-loan tax rules to Indian Tribal Governments. That would let tribal governments use the same exclusions and loan definitions as other eligible entities. These changes would apply to taxable years beginning after enactment.
- No deduction for buying housing credits: cost, high. This bill would disallow any deduction for amounts paid to buy transferable affordable-housing tax credits. That rule would apply to any taxpayer that pays cash or other consideration to acquire such credits. These rules would apply to taxable years beginning after enactment.

## Related bills

- 119-s-4668: Protect College Sports Act of 2026
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-2819: Head Start for America's Children Act
- 119-s-5283: Momnibus Act
- 119-s-1507: Agriculture Resilience Act of 2025

## Sources
- [119-s-5472 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5472)

## Related
- [119-s-4668: Protect College Sports Act of 2026](https://policyrisk.com/legislation/119-s-4668)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-1507: Agriculture Resilience Act of 2025](https://policyrisk.com/legislation/119-s-1507)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5472 (as of 2026-10-07).