Senators Juggle Competing Demands in Possible Housing Tax Deal

As senators move forward to craft a potential housing tax package, the jockeying for which proposals will make it in—and how to pay for them—is beginning.

Sens. Ben Cardin (D-Md.) and Todd Young (R-Ind.) are in the process of pulling together several housing proposals, with an emphasis on ideas with bipartisan backing, Cardin said.

While many of the larger ticket bills, including the yet-to-be introduced Affordable Housing Credit Improvement Act, have a broad backing from both chambers and both sides of the aisle, others don’t fare as well, lawmakers and housing industry experts said. Those may hit snags, ...