The main purpose of this legislation is to provide tax incentives aimed at increasing the availability of rental housing for members of the Armed Forces. It seeks to make affordable housing more accessible to military personnel by modifying existing tax codes related to housing allowances and credits. Key provisions of the legislation include changes to how income is calculated for low-income housing tax credits. Specifically, it states that the basic housing allowance received by military members will not be counted as income when determining eligibility for these tax credits.