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HR 839 108th Congress House Taxation Commerce Community development Cost of living adjustments Depressed areas Economics and Public Finance Finance and Financial Sector Government Operations and Politics Government paperwork Home ownership Housing and Community Development Housing authorities Income tax Indexing (Economic policy) Indian housing Infrastructure Liens Low-income housing Minorities Nonprofit organizations

Renewing the Dream Tax Credit Act

Introduced: February 13, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2004
Sponsor introductory remarks on measure. (CR E1251)
Feb 13, 2003
Referred to the House Committee on Ways and Means.
Feb 13, 2003
Introduced in House
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 Plain-English summary Congressional Research Service
Renewing the Dream Tax Credit Act - Amends the Internal Revenue Code to permit a community homeownership tax credit based upon an applicable percentage of each qualified residence's eligible basis.

Makes such credit available to residences located: (1) in a census tract with a median gross income not exceeding 80 percent of the greater area or statewide median gross income; (2) in a rural area; (3) on an Indian reservation; or (4) in an area of chronic economic distress. Prohibits a buyer's income from exceeding 80 percent (70 percent for families of less than three) of the area gross median income and requires owner occupancy.

Specifies that the aggregate homeownership credit dollar amount which a homeownership credit agency (an "agency") may disburse is the portion of the "State homeownership credit ceiling" (the "ceiling") allocated to such agency. Allows "unused homeownership credit carryovers" to be allocated among qualified States. Sets aside at up to 90 percent least ten percent of a State's ceiling for certain housing projects in which a qualified nonprofit organization owns an interest and materially participates in the given project's development and operation throughout the credit period.

Requires allocation of credit to residences to be in accordance with a "qualified allocation plan" of the agency issuing credit. Lists certain specified criteria such a plan must include and specifies that the plan must be approved by the governmental unit of which such agency is a part.

What's happening now June 25, 2004

Sponsor introductory remarks on measure. (CR E1251)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 39
All 39 Democratic 25 Republican 14
D
Nadler, Jerrold
New York · Jul 9, 2004
 D
Markey, Edward J.
Massachusetts · Jun 25, 2004
 D
Smith, Adam
Washington · Jun 25, 2004
 D
Velázquez, Nydia M.
New York · Jun 25, 2004
 D
DeLauro, Rosa L.
Connecticut · Jun 3, 2004
 D
Norton, Eleanor Holmes
District of Columbia · Jun 3, 2004
 D
Baldwin, Tammy
Wisconsin · May 12, 2004
 D
Larson, John B.
Connecticut · Mar 31, 2004
 D
Schakowsky, Janice D.
Illinois · Mar 11, 2004
 R
Smith, Christopher H.
New Jersey · Mar 4, 2004
 D
Bishop, Sanford D.
Georgia · Nov 19, 2003
 R
Issa, Darrell
California · Nov 6, 2003
 D
Meeks, Gregory W.
New York · Oct 8, 2003
 D
Thompson, Bennie G.
Mississippi · Oct 2, 2003
 D
Lynch, Stephen F.
Massachusetts · Sep 11, 2003
 D
DeGette, Diana
Colorado · Jul 25, 2003
 R
Rogers, Harold
Kentucky · Jul 17, 2003
 D
Sherman, Brad
California · Jun 19, 2003
 D
Davis, Danny K.
Illinois · Jun 12, 2003
 D
Larsen, Rick
Washington · Jun 12, 2003
 D
Pallone, Frank
New Jersey · Jun 12, 2003
 R
Calvert, Ken
California · Jun 5, 2003
 D
Lofgren, Zoe
California · Jun 5, 2003
 D
McCollum, Betty
Minnesota · Jun 5, 2003
 D
Sánchez, Linda T.
California · Jun 5, 2003
 D
Schiff, Adam B.
California · Jun 5, 2003
 R
Blackburn, Marsha
Tennessee · May 21, 2003
 D
Thompson, Mike
California · May 21, 2003
 R
Boozman, John
Arkansas · May 15, 2003
 R
Capito, Shelley Moore
West Virginia · May 15, 2003
 D
McGovern, James P.
Massachusetts · May 15, 2003
 R
Wicker, Roger F.
Mississippi · May 15, 2003
 R
Graves, Sam
Missouri · May 9, 2003
 R
Simpson, Michael K.
Idaho · May 9, 2003
 R
Sessions, Pete
Texas · Apr 3, 2003
 R
Turner, Michael R.
Ohio · Mar 19, 2003
 D
Van Hollen, Chris
Maryland · Mar 19, 2003
 R
Wilson, Joe
South Carolina · Mar 18, 2003
 R
Cole, Tom
Oklahoma · Mar 11, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 839: Renewing the Dream Tax Credit Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-839/
MLA
"H.R. 839: Renewing the Dream Tax Credit Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-839/.
Bluebook (legal)
H.R. 839, 108th Cong. (2026), https://openamerica.io/bill/108-HR-839/.
Markdown link
[H.R. 839: Renewing the Dream Tax Credit Act](https://openamerica.io/bill/108-HR-839/)
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