FIXER Act Federal Investment Exception for Essential Rehabilitation...
To amend the Internal Revenue Code of 1986 to provide an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects, and for other purposes.
The bill, HB9906, aims to change certain rules about tax-exempt bonds used for housing projects. Specifically, it proposes to allow an exception to the limit on how many tax-exempt bonds can be issued for specific types of housing projects that meet certain criteria. This could help in financing more residential rental properties that qualify.
This change would mainly affect developers and investors in the housing sector, particularly those working on residential rental projects. By making more bonds available for these projects, it could potentially increase the number of affordable rental homes.
The bill was introduced on July 23, 2026, and referred to the House Committee on Ways and Means for further review. It is currently in its early stages, and future actions will include committee discussions, possible amendments, and votes by the full House. The bill's progress will depend on these steps and any changes proposed during the legislative process.
