Affordable housing tax credit

(a) In general The heading of section 42 of the Internal Revenue Code of 1986 is amended by striking Low-income and inserting Affordable. (b) Conforming amendments (1) Subsection (a) of section 42 of the Internal Revenue Code of 1986 is amended by striking low-income and inserting affordable. (2) Paragraph (5) of section 38(b) of such Code is amended by striking low-income and inserting affordable. (3) The heading of subparagraph (D) of section 469(i)(3) of such Code is amended by striking low-income and inserting affordable. (4) The heading of subparagraph (B) of section 469(i)(6) of such Code is amended by striking low-income and inserting affordable. (5) Paragraph (7) of section 772(a) of such Code is amended by striking low-income and inserting affordable. (6) Paragraph (5) of section 772(d) of such Code is amended by striking low-income and inserting affordable. (c) Clerical amendment The item relating to section 42 in the table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended to read as follows: Sec. 42. Affordable housing credit..