United States 119th Congress Status: In Committee 1 D cosponsors

HR 893 — Working Families Housing Tax Credit Act

Last action — Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced January 31, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 16% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

How this bill changes current law

8 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes a new working families housing credit under the Internal Revenue Code.

  • Internal Revenue Code

    SEC. 42A. WORKING FAMILIES HOUSING CREDIT.

    The bill adds a new section for a working families housing credit.

  • Internal Revenue Code

    For purposes of section 38, the amount of the working families housing credit determined under this section for any taxable year in the credit period shall be an amount equal to the applicable percentage, of the qualified basis of each qualified working families building.

    It specifies how the amount of the credit is calculated based on a building's proportions.

  • Internal Revenue Code

    the appropriate percentage prescribed by the Secretary for the earlier of the month in which such building is placed in service, or at the election of the taxpayer, the month in which the taxpayer and the housing credit agency enter into an agreement with respect to such building.

    It allows taxpayers to elect when the applicable percentage is determined based on agreement with the housing credit agency.

  • Internal Revenue Code

    the applicable percentage for any building which is not Federally subsidized for the taxable year shall not be less than 5 percent.

    It sets a minimum credit rate for non-Federally subsidized buildings.

  • Internal Revenue Code

    the applicable percentage shall not be less than 2 percent for federally subsidized buildings.

    It establishes a minimum credit rate for Federally subsidized buildings.

  • Internal Revenue Code

    the term 'qualified working families building' means any building which is part of a qualified working families housing project at all times during the period beginning on the 1st day in the credit period on which such building is part of such a project, and ending on the last day of the credit period with respect to such building.

    It defines what constitutes a qualified working families building.

  • Internal Revenue Code

    The eligible basis of a new building is its adjusted basis as of the close of the 1st taxable year of the credit period.

    It establishes how the eligible basis for new buildings is determined.

  • Internal Revenue Code

    the eligible basis of an existing building is its adjusted basis as of the close of the 1st taxable year of the credit period, and zero in any other case.

    It clarifies how the eligible basis for existing buildings is calculated.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 893?
HR 893 is sponsored by Ryan, Patrick (Democratic).
What is the current status of HR 893?
This bill is in committee in the House. Introduced January 31, 2025. It must pass committee before a floor vote.
Where can I track HR 893?
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