Senator Ron Wyden (D-OR) and Rep. Val Hoyle (D-OR) reintroduced the Decent, Affordable, Safe Housing for All (DASH) Act on Friday.
- In Context: The DASH Act was introduced in 2023 and 2024, but failed to make it out of committee both times. This version of the bill is mostly the same, though with a few key changes.
The legislation aims to:
- House everyone experiencing homelessness within five years, prioritizing children and families through Housing Choice Vouchers;
- Expand health care, mental health, child care, financial, and nutrition supports to help families and individuals achieve housing stability;
- Increase housing supply by investing in deeply affordable housing for extremely-low-income households, strengthening LIHTC, and creating renter and middle-income housing tax credits (MIHTC); and
- Invest in homeownership opportunities in underserved communities through down payment assistance and a first-time homebuyer tax credit.
What’s Different:
- While previous versions of the bill included a first-time homebuyer tax credit, this new version makes the credit advanceable and seamless for homebuyers so taxpayers don’t have to wait until filing season to receive the down payment assistance.
- For the first time, the bill allows low- and middle-income Americans who sell their homes for less than their original purchase price to claim a tax deduction for the amount they lose on the sale, up to $100,000.
