To increase the supply of, and lower rents for, affordable housing and to assess calculations of area median income for purposes of Federal low-income housing assistance, and for other purposes.

Plain-English Summary (AI-assisted)

This bill aims to increase affordable housing availability and reduce rental costs by modifying how federal low-income housing programs calculate area median income (AMI) thresholds. The legislation addresses both the supply of affordable units and the eligibility criteria used to determine who qualifies for federal housing assistance.

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