[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7990 Introduced in House (IH)]
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117th CONGRESS
2d Session
H. R. 7990
To amend the Internal Revenue Code of 1986 to temporarily expand the
low-income housing tax credit for healthcare-oriented housing.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 8, 2022
Ms. Sewell (for herself, Mr. Wenstrup, Mr. Danny K. Davis of Illinois,
and Mr. Murphy of North Carolina) introduced the following bill; which
was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to temporarily expand the
low-income housing tax credit for healthcare-oriented housing.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Healthy Homes Act''.
SEC. 2. TEMPORARY EXPANSION OF LOW-INCOME HOUSING TAX CREDIT FOR
HEALTHCARE-ORIENTED HOUSING.
(a) In General.--Section 42 of the Internal Revenue Code of 1986 is
amended by redesignating subsection (n) as subsection (o) and inserting
after subsection (m) the following new subsection:
``(n) Special Rules for Healthcare-Oriented Housing.--
``(1) Additional basis adjustment for healthcare-oriented
housing.--With respect to housing credit amounts allocated to
healthcare-oriented housing during the specified period--
``(A) in the case of a new building, the eligible
basis of such building as otherwise determined under
this section (determined without regard to this
paragraph and subsection (d)(5)(B)), shall be increased
by 50 percent of such eligible basis (as so
determined), and
``(B) in the case of an existing building, the
rehabilitation expenditures otherwise taken into
account under subsection (e) (determined without regard
to this paragraph and subsection (d)(5)(B)), shall be
increased by 50 percent of such expenditures (as so
determined).
``(2) Additional housing credit dollar amount for
healthcare-oriented housing.--
``(A) In general.--In the case of the specified
period, the State housing credit ceiling otherwise
determined under this section shall be increased by the
lesser of--
``(i) the aggregate housing credit dollar
amount allocated by the State housing credit
agency of such State to healthcare-oriented
housing for such calendar year, or
``(ii) the healthcare-oriented housing
amount for such State for such calendar year.
``(B) Healthcare-oriented housing amount.--For
purposes of subparagraph (A), the term `healthcare-
oriented housing amount' means $1.00 multiplied by the
State population.
``(C) Carryover.--Any excess of the healthcare-
oriented housing amount for a calendar year over the
amount in subparagraph (A)(i) for such calendar year
shall be taken into account as an increase in the
healthcare-oriented housing amount for the following
calendar year. The preceding sentence shall not result
in an increase with respect to any calendar year after
2025.
``(3) Specified period.--For purposes of this subsection,
the term `specified period' means the period beginning 210 days
after the date of the enactment of this subsection and ending
on the last day of the third full calendar year beginning after
the start of the specified period.
``(4) Healthcare-oriented housing.--For purposes of this
subsection, the term `healthcare-oriented housing' means any
qualified low-income building which meets at least three of the
following the additional requirements:
``(A) Social determinants of health screenings.--
The developer partners with a hospital, health center,
or other healthcare institution to conduct social
determinants of health screenings on the building
premises for each new resident upon move-in and
annually thereafter, unless the resident elects not to
have such a screening.
``(B) Healthcare onsite.--The building contains
sufficient physical space and proper equipment for
physicians or other appropriate licensed healthcare
providers to hold regular health screenings on-site for
residents and community members.
``(C) Telehealth component.--The building contains
broadband infrastructure and physical hardware
sufficient to ensure that video conferencing
capabilities for telehealth interactions will be
available to residents and the developer has partnered
with healthcare providers to participate in the
provision of telehealth services and outreach.
``(D) Classroom and kitchen.--The building has
classroom space to conduct community health and
nutrition workshops and a demonstration kitchen to
facilitate healthy cooking demonstrations for residents
and the community and the developer has partnered with
a hospital, health center, or other healthcare
institution to provide such workshops and
demonstrations.
``(E) Healthcare service coordination.--A medical
assistant or trained healthcare worker who connects
residents to both healthcare and community services is
located in the building on at least a part-time basis.
``(5) Adjusted basis.--Notwithstanding subsection (d)(4),
the adjusted basis of healthcare-oriented housing shall include
nonresidential space used to satisfy the requirements in
paragraph (5).
``(6) Placed in service date.--The placed in service date
for healthcare-oriented housing shall be determined based on
the residential portion of the property.''.
(b) Coordination With High-Cost Areas.--Section 42(d)(5)(B)(i) of
such Code is amended--
(1) by striking ``shall be 130 percent of such basis
determined without regard to this subparagraph'' in subclause
(I) and inserting ``as otherwise determined under this section
(determined without regard to this subparagraph and subsection
(n)(1)), shall be increased by 30 percent of such eligible
basis (as so determined)'', and
(2) by striking ``taken into account under subsection (e)
shall be 130 percent of such expenditures determined without
regard to this subparagraph'' in subclause (II) and inserting
``otherwise taken into account under subsection (e) (determined
without regard to this subparagraph and subsection (n)(1)),
shall be increased by 30 percent of such expenditures (as so
determined)''.
(c) Effective Date.--The amendments made by this section shall
apply to housing credit amounts allocated during the specified period
(as defined in section 42(n)(3) of such Code).
(d) Study and Report.--
(1) Study.--The Comptroller General of the United States
shall conduct a study on the utilization of the low income
housing tax credit under section 42 of the Internal Revenue
Code of 1986 with respect to healthcare-oriented housing.
(2) Report.--Not later than two years after the date of the
enactment of this subsection, the Comptroller General of the
United States shall submit to the Committee on Finance of the
Senate and the Committee on Ways and Means of the House of
Representatives a report on the study conducted under paragraph
(1). Such report shall include an examination of the
utilization of the low income housing tax credit in each State
with respect to healthcare-oriented housing, including--
(A) the frequency with which the additional one
dollar housing credit amount allocated to each State
for such low income housing tax credit development
projects is claimed,
(B) the number of projects and units funded in each
State, and
(C) the use of the additional 50 percent basis
boost in securing such healthcare-oriented low income
housing development projects.
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