H.R. 5529: Fair Housing for Disabeled Veterans Act (119th Congress) Bill Summary

This bill, titled the Fair Housing for Disabled Veterans Act, proposes changes to how income is calculated for certain housing tax credits and bonds specifically for veterans receiving disability compensation or pension payments.

Key Changes Proposed

Disregarding Disability Payments: The bill amends the Internal Revenue Code to exclude veteran disability compensation and pension payments from being counted as income when determining eligibility for low-income housing tax credits and certain residential rental project bonds. This means that veterans who receive these payments would not have their financial assistance considered, potentially allowing them to qualify more easily for affordable housing options.
Applicability: The changes would apply to determinations made after the enactment of this Act, meaning that once it becomes law, the new income calculation rules would start immediately for future evaluations.

Overall Impact

The intent behind this bill is to enhance affordable housing opportunities for disabled veterans by ensuring that their disability compensation or pension benefits do not adversely affect their eligibility for housing assistance programs. This could help disabled veterans to have better access to housing that meets their needs without being disqualified due to their benefits.