The Affordable Housing Tax Credit Coalition [main graphic] A group of developers, syndicators, lenders, nonprofit groups, public agencies, and others concerned with the low-income housing tax credit.
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Legislation

Senate Passes Limited Exclusion of Military Basic Housing Allowance From Consideration as Income

December 21, 2007

December 19, the Senate passed by unanimous consent an amended version of H.R. 3997, the Defenders of Freedom Tax Relief Act of 2007. 
 
The Senate version includes a provision which would exclude amounts received as military basic housing allowances from being considered as income for purposes of determining eligibility in the Housing Credit program through 2014 provided the development is located in a census tract, designated by the Governor, as being in need of affordable housing for members of the military.  This provision was not previously included in the House version of the same bill.
 
H.R. 3997 was introduced on October 30, 2007 by House Ways and Means Chairman Charles B. Rangel (D-NY) and originally passed the House on November 6, 2007.  Since then it has been amended by both the House and Senate several times.  The latest Senate version will now return to the House for consideration early next year.
 
This provision is similar to legislation previously introduced in the 110th Congress and reported on by the Coalition.  The Military Access to Housing Act of 2007 (H.R. 1481 and S. 839) would also exclude amounts received as military basic housing allowances from determination of income under the Housing Credit program however it would not limit the exclusion to areas designated by the Governor.  The Military Access to Housing Act of 2007 was introduced in the Senate by Senators Pat Roberts (D-KS) and Sam Brownback (R-KS) and in the House by Congressmen Jerry Moran (R-KS), Walter Jones, Jr. (R-NC) and Ron E. Paul (R-TX).


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