To amend the Internal Revenue Code of 1986 to encourage investment in affordable housing.

H.R. 4873 proposes several changes to the tax code designed to increase the availability of affordable housing by providing greater financial incentives for developers and homebuyers. The bill would rename and expand the low-income housing tax credit, making it easier for states to fund housing projects and allowing more types of buildings to qualify for federal support.

For citizens, the bill aims to lower the cost of homeownership and renting by exempting certain housing bonds and credits from the Alternative Minimum Tax (AMT). Additionally, it expands eligibility for low-interest, first-time homebuyer loans to include single parents, displaced homemakers, and victims of natural disasters. These measures are intended to stimulate private investment in the housing market while making it more affordable for vulnerable populations to secure stable housing.