FIXER Act
Sponsored By: Representative Goldman, Daniel S. [D-NY-10]
Introduced
Summary
Exempts certain affordable-housing rehabilitation bonds from the federal volume cap. The bill would let issuing authorities elect to remove specific exempt facility bonds from their volume caps when most bond proceeds fund preservation, improvement, or replacement of eligible low-income or federally or state-assisted rental buildings.
Show full summary
- Would support preserving and improving affordable rental buildings, including those whose low-income tax credit compliance period has closed but still have an unexpired extended use period. This targets projects focused on keeping eligible housing in service for low-income tenants.
- Would let issuing authorities elect to exempt these bonds from their volume caps if 95% or more of net proceeds fund eligible activities. For bonds covered by an election, the limit on acquiring existing property is raised to 50%, the election is irrevocable, and the change would apply to bonds issued after enactment.
- Changes low-income housing tax credit rules so such exempt bonds do not count against LIHTC-related limits when states determine eligibility or make allocations.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More financing for preserving affordable housing
If enacted, this bill would let an issuing authority elect to exempt certain exempt facility bonds from its volume cap. The election would apply only when 95% or more of an issue’s net proceeds are used to preserve, improve, or replace qualifying low-income, federally assisted, or State-assisted rental buildings. For exempted bonds, the acquisition-of-existing-property test would use 50% instead of 15%. The election would be irrevocable, the bonds would be treated as meeting a Low-Income Housing Tax Credit rule so they do not count against LIHTC limits, and the rule would apply to bonds issued after enactment.
Sponsors & CoSponsors
Sponsor
Goldman, Daniel S. [D-NY-10]
NY • D
Cosponsors
Rep. Malliotakis, Nicole [R-NY-11]
NY • R
Sponsored 7/23/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov