To amend the Internal Revenue Code of 1986 to allow taxpayers to deduct the value of a lease contributed to a charitable organization where property leased is to be used to provide housing for homeless or low-income individuals.

Amends the Internal Revenue Code to permit a taxpayer to deduct the fair market rental value of a lease and related expenses contributed to a charitable organization where the leased property is used to provide housing for homeless or low-income persons who are not members of the donor's family.