Reps. Jim Costa (D-CA), Dennis Cardoza (D-CA), and Jeff Denham (R-CA) recently introduced a bill that would treat certain population census tracts for which information is not available as low-income communities for purposes of the new markets tax credit (NMTC). H.R. 2740 would make census tracts that are adjacent to two or more low-income communities and that the Treasury Secretary does not have information indicating that such a tract is not a low-income community eligible for the NMTC program. The bill was referred to the House Committee on Ways and Means. Read More…
Related Posts
Tax Bill’s Path Forward in the Senate – Advocacy Needed
The Senate has yet to take up the Tax Relief for American Families and Workers Act (H.R. 7024), which passed the House in January and contains two critical LIHTC provisions.
HUD Guidance on Application of the Fair Housing Act to the Screening of Applicants for Rental Housing
HUD’s Office of Fair Housing and Equal Opportunity issued guidance on the Application of the Fair Housing Act to the Screening of Applicants for Rental Housing.
House Appropriations Member Day – May 8
Member Day hearing for the Transportation, Housing and Urban Development, and Related Agencies subcommittees has been scheduled for May 8 at 10 a.m. ET at 2358-A Rayburn House Office Building for Members can join here.
HUD Holds Repositioning Office Hours – May 12
HUD’s Office of Recapitalization, Special Applications Center (SAC), Voucher Program and field operations will be available to answer questions about repositioning – particularly questions that other PHAs would benefit from having HUD staff address in a live recorded webinar from 1 to 3 p.m. ET on May 15.