Affordable Housing Construction Act

(a) In general. Section 42(h)(3)(C)(ii) of the Internal Revenue Code of 1986 is amended—

(1) by striking $1.75 in subclause (I) and inserting $9.79, and

(2) by striking $2,000,000 in subclause (II) and inserting $11,340,000.

(b) Inflation adjustments. Section 42(h)(3)(H) is amended—

(1) by striking In the case of a calendar year after 2002, the $2,000,000 and $1.75 amounts in subparagraph (C) in clause (i) and inserting In the case of a calendar year after 2027, the $11,340,000 and $9.79 amounts in subparagraph (C),

(2) by striking calendar year 2001 in clause (i)(II) and inserting calendar year 2026,

(3) by striking $2,000,000 in clause (ii)(I) and inserting $11,340,000, and

(4) by striking $1.75 in clause (ii)(II) and inserting $9.79.

(c) Effective date. The amendments made by this section shall apply to calendar years beginning after December 31, 2026.