H.R. 9012In committeeJobs & the economy
Tax credit bill would let affordable housing investors claim past-year refunds
Data as of July 11, 2026
HR 9012 lets LIHTC holders carry the credit back up to five years to claim refunds on taxes already paid, instead of only forward.50-second read · 4 questions answered below
Decoded
What does this do?
HR 9012 changes the carry rules for the Low-Income Housing Tax Credit (LIHTC). Currently, unused credits can only be carried forward to reduce future tax bills. This bill would also allow those credits to be carried back up to five years, letting holders apply them to taxes already paid and potentially receive a refund.
Who does it affect?
Real estate developers and investors who finance affordable housing projects are the primary people affected. Renters and low-income households are indirectly affected because the LIHTC program is one of the federal government's largest tools for funding affordable apartment construction.
Why does it matter?
Allowing a five-year carryback would give developers quicker access to cash when they end up with more credits than they can use in a given year. This could influence how many affordable housing units get built, though the bill does not directly change rents, eligibility rules, or housing assistance programs.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
AI-drafted summary. Verify it against the official text before you act on it.
Three steps: where you stand, your script, the call.
Make the callSee how a call works
Official title
Affordable Housing Credit Carryback Act
- Introduced:
- May 22, 2026
- Latest action:
- May 22, 2026
Referred to the House Committee on Ways and Means.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.