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Increase the supply of housing in AmericaSection 405 › Proposal

A recent inspection under the low-income housing tax credit can satisfy the requirement

To increase the supply of housing in America, and for other purposes, section 405, Sec. 405. Written by .

A recent inspection under the low-income housing tax credit can satisfy the requirement

The document says “shallWho acts: public housing agenciesHow: statuteSec. 405 in the PDF
What the document says

“``(II) the dwelling unit, during the preceding 12-month period, was physically inspected and satisfied the suitability-for-occupancy requirement in section 42(i)(3)(B)(ii) of such Code; and ``(III) the applicable public housing agency performed the inspection itself or is able to obtain the results of the inspection described in subclause (II).”

To increase the supply of housing in America, and for other purposes, Sec. 405

The section adds a new subparagraph to section 8(o)(8) of the United States Housing Act of 1937 deeming a unit to meet the inspection requirement where the building was acquired, rehabilitated, or built by an owner who may be eligible for low-income housing credits under section 42(h) of the Internal Revenue Code of 1986, the unit was physically inspected in the preceding 12 months and met the suitability for occupancy requirement in section 42(i)(3)(B)(ii) of that Code, and the public housing agency did the inspection itself or can get the results.

What the document actually says

“``(II) the dwelling unit, during the preceding 12-month period, was physically inspected and satisfied the suitability-for-occupancy requirement in section 42(i)(3)(B)(ii) of such Code; and ``(III) the applicable public housing agency performed the inspection itself or is able to obtain the results of the inspection described in subclause (II).”

To increase the supply of housing in America, and for other purposes, Sec. 405
That sentence, in plain words

The home must have been checked in person in the past year. It must have passed a test for being fit to live in. The housing office must have done the check or be able to get the results.

What this is about

A voucher home normally needs its own check. That can mean two checks in one year. This lets one check count for both.

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