US SB1511

Amends the Internal Revenue Code to expand the use of mortgage revenue bonds for housing investment, including allowing carryforward bond authority to be transferred between issuing authorities within a state or redesignated for housing purposes within a 3-year period

Eliminates refinancing limitations for mortgage revenue bonds, permitting refinancing for mortgagors who meet principal residence and income requirements at the time of refinancing

Increases the financing limit for qualified home improvement loans from $15,000 to $75,000, with annual inflation adjustments beginning after 2026

Revises the recapture tax period for mortgage revenue bonds from 9 years to 5 years, with holding period percentages of 20%, 40%, 60%, 80%, and 100% for years 1-5 respectively

Modifies mortgage credit certificate rules by changing the credit rate range to 1-5%, extending the certificate validity period from 2 to 4 years, and reducing the public notice requirement from 90 to 30 days