House Resolution 191 Alabama 2026 Session

Summary

Primary Sponsor

Rex ReynoldsRepresentative

Republican

Session

2026 Regular Session

Title

HR Expressing Support for Expanding and Preserving Housing

Summary

HR191 is a House resolution that supports expanding and preserving affordable housing in Alabama by using a state-level tax credit to attract private investment for low-income housing.

What This Bill Does

If passed, it would express support for expanding and coordinating affordable housing resources, including existing federal low-income housing tax credits. It proposes creating an Alabama Affordable Housing Investment Credit administered by the Alabama Housing Finance Authority to encourage private capital to back affordable housing through loans, investments, and contributions to eligible housing entities, with rules to certify, comply, and report on activities. The idea is that private capital—through below-market lending, long-term investment, and mission-driven contributions—can help create or preserve affordable housing for low-income households.

Who It Affects

• Low-income households would have greater access to affordable rental housing as financing for such housing increases.
• Qualified financial institutions (banks and lenders) would be incentivized to fund affordable housing projects through the proposed credit.
• Eligible housing entities (developers, nonprofits, and other organizations involved in affordable housing) would receive loans, investments, or contributions supported by the credit.
• The Alabama Housing Finance Authority would administer the Alabama Affordable Housing Investment Credit, including overseeing certification, compliance, and reporting requirements.

Key Provisions

• Establishes the Alabama Affordable Housing Investment Credit to be administered by the Alabama Housing Finance Authority.
• Incentivizes qualified financial institutions to support eligible affordable housing activities through loans, investments, and contributions to eligible housing entities.
• Requires certification, compliance, and reporting to ensure accountability in the use of the credit.

AI-generated summary using openai/gpt-5-nano on Feb 26, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions