Expand housing tax credits and convert vacant properties

Larson supports the American Affordability Act, which would create monthly renter tax credits for people paying more than 30% of their income on rent and first-time homebuyer credits for low- and middle-income earners. It would also use tax credits to support home construction and repairs, convert vacant commercial buildings into housing while reserving at least 20% of new units for low-income residents, and increase the homeowner capital-gains exemption to encourage home sales.

Context: These are proposed provisions of the American Affordability Act, not described as enacted.

In their own words

reserving at least 20% of new units for low-income residents

The source

John B. Larson: Affordability and the Economy ↗

Published: Original date not established; campaign context manually checked
Retrieved: 11/10/2026