119th Congress · House bill · Last action Mar 5, 2026
H.R. 537IntroducedTaxation
INCREASE Housing Affordability Act
Sponsor: Rep. Sherrill, Mikie (D-NJ)9 cosponsorsIntroduced Jan 16, 2025
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In plain English
Rep. Mikie Sherrill (D-NJ) sponsored this bill to create a tax credit for commercial-to-residential conversions, allowing property owners to claim credits when converting commercial buildings into residential housing. The bill establishes a commercial-to-residential credit under the tax code and creates an advisory board to guide the conversion process. Eight Democratic cosponsors support the legislation, which aims to increase housing supply by repurposing existing commercial real estate.
What’s in the bill (3 sections)
- Sec. 2. Commercial-to-residential credit
- Sec. 48F. Commercial-to-residential credit
- Sec. 3. Commercial to residential conversion advisory board
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Jan 16
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House committee
Jan 16
3
House floor
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4
Senate
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5
Signed
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What happens next: Awaiting committee assignment or hearings in the House.
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Sponsor
MR
Rep. Sherrill, Mikie [D-NJ-11]
D-NJ-11
Cosponsors (9)
RR
SR
ED
JR
ER
SR
DR
+2
All Democratic.
Activity timeline
Mar 5
Mar 5
Mar 5
ASSUMING FIRST SPONSORHSIP - Mr. Magaziner asked unanimous consent that he may be hereafter be considered as the first sponsor of H.R. 537, a bill originally introduced by Representative Sherrill, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Jan 16
Jan 16, 2025
Jan 16, 2025
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 16
Jan 16, 2025
Jan 16, 2025
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 16
Jan 16, 2025
Jan 16, 2025
Introduced in House
Jan 16
Jan 16, 2025
Jan 16, 2025
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 5 recorded actions since introduction · Source: Congress.gov
2026
Mar 5
HOUSEASSUMING FIRST SPONSORHSIP - Mr. Magaziner asked unanimous consent that he may be hereafter be considered as the first sponsor of H.R. 537, a bill originally introduced by Representative Sherrill, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
2025
Jan 16
HOUSEReferred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 16
HOUSEReferred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 16
Introduced in House
Jan 16
Introduced in House
All 9 cosponsors
9 Democrats · 0 Republicans
Democrats (9)
Garcia, RobertCA-42
Magaziner, SethRI-02
Harder, JoshCA-09
Moulton, SethMA-06
Davis, Danny K.IL-07
Costa, JimCA-21
Sykes, Emilia StrongOH-13
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