,i #aah? ,,congress #a/ ,session ,h4 ,r4 #dah ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bj1 #bjbc,mr4 ,gomez introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to designate projects s]v+ extremely l[-income h\seholds = purposes ( allocat+ ! ,/ate h\s+ cr$it ceil+ & det]m9+ an increas$ am\nt ( l[-income h\s+ tax cr$it4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,af=dable ,h\s+ ,equity ,act ( #bjbc4 #b4 ,build+s designat$ to s]ve extremely l[-income h\seholds 7a7 ,res]v$ ,/ate allocation 7#a7 ,9 g5]al ,section #db7;h7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 by r$esignat+ p>agraphs 7#f71 7#g71 & 7#h7 z p>agraphs 7#g71 7#h71 & 7#i71 respectively2 & 7,b7 by ins]t+ aft] p>agraph 7#e7 ! foll[+ new p>agraph3 7#f7 ,portion ( ,/ate ceil+ set-aside = projects designat$ to s]ve extremely l[-income h\seholds 7,a7 ,9 g5]al ,n m ?an #ij p]c5t ( ! portion ( ! ,/ate h\s+ cr$it ceil+ am\nt describ$ 9 p>agraph 7#c77;,c77ii7 = any ,/ate = any cal5d> ye> %all be allocat$ to build+s o!r ?an build+s describ$ 9 subp>agraph 7,b74 7,b7 ,build+s describ$ ,a build+ is describ$ 9 ?is subp>agraph if #bj p]c5t or m ( ! resid5tial units 9 su* build+ are r5t-re/rict$ 7det]m9$ z if ! imput$ income limitation applicable to su* units 7 #cj p]c5t ( area m$ian gross income7 & are designat$ by ! taxpay] = occupancy by h\seholds ! aggregate h\sehold income ( :i* does n exce$ ! great] (-- 7i7 #cj p]c5t ( area m$ian gross income1 or 7ii7 #ajj p]c5t ( an am\nt equal to ! ,f$]al pov]ty l9e 7)9 ! mean+ ( section #cf;,b7d77#c774 7,c7 ,/ate may n ov]ride set-aside ,no?+ 9 subp>agraph 7,f7 ( p>agraph 7#c7 %all be con/ru$ to p]mit a ,/ate n to comply ) subp>agraph 7,a7 ( ?is p>agraph4 7,d7 ,t]m9ation ,?is p>agraph %all n apply to allocations aft] ,decemb] #ca1 #bjcc4 4 7#b7 ,con=m+ am5dm5t ,section #db7;b77#d77;,c7 ( su* ,code is am5d$ by /rik+ 7h77#g7 & ins]t+ 7h77#h74 7b7 ,increase 9 cr$it ,section #db7;d77#e7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,c7 ,increase 9 cr$it = projects designat$ to s]ve extremely l[-income h\seholds 7i7 ,9 g5]al ,9 ! case ( any build+-- 7,i7 :i* is describ$ 9 subsection 7h77#f77;,b71 & 7,,ii7 :i* is designat$ by ! h\s+ cr$it ag5cy z requir+ ! increase 9 cr$it "u ?is subp>agraph 9 ord] = su* build+ to be f9ancially feasible z "p ( a qualifi$ l[-income h\s+ project1 subp>agraph 7,b7 %all n apply to ! portion ( su* build+ :i* is compris$ ( su* units1 & ! eligible basis ( su* portion ( ! build+ %all be #aej p]c5t ( su* basis det]m9$ )\t reg>d to ?is subp>agraph4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to allocations1 & det]m9ations1 ( h\s+ cr$it doll> am\nt aft] ,decemb] #ca1 #bjbc4