Federal / Agency News
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Dr. Ben Carson Confirmed as HUD Secretary
By a vote of 58 to 41, the Senate last Thursday confirmed retired neurosurgeon and former Republican presidential candidate Dr. Ben Carson as the next Secretary of Housing and Urban Development.
Senator Cantwell Reintroduces Legislation to Expand Housing Credit
Sen. Maria Cantwell (D-WA) announced Monday that she is reintroducing legislation with at least ten other Senators (including co-sponsor Sen. Orrin Hatch (R-UT) to improve and expand the Low Income Housing Tax Credit.
Legislation Introduced to Nullify HUD’s Affirmatively Furthering Fair Housing Rule
Rep. Paul Gosar (R-AZ) recently introduced H.R. 482, as Senator Mike Lee (R-UT) introduced S. 103, an identical piece of companion legislation in the Senate.
GAO Publishes Study on the Role of Syndicators in LIHTC Industry
The report makes no recommendations.
Proposed Legislation Would Reform Mortgage Interest Deduction to Benefit Affordable Housing
The legislation would reduce eligibility for the Mortgage Interest Deduction and divert the savings to the LIHTC program, the Housing Trust Fund, and HUD and RD programs.
HUD Historic Preservation Award – Nominations Due 3/27/17
HUD is partnering with the Advisory Council on Historic Preservation (ACHP) to offer the HUD Secretary’s Award for Excellence in Historic Preservation.
Bill Introduced to Make Permanent New Markets Tax Credit
Reps. Pat Tiberi (R-OH), and Richard Neal (D-MA) introduced the legislation on Feb. 15, 2017
HUD Announces RAD Revision 3 Training
HUD will host two trainings on the RAD Notice revision changes. NH&RA is sending a comment letter to HUD this week regarding the revisions.
The Evolving Timeline for Tax Reform and How You Can Help
President Trump has predicted tax reform to be in place by the end of the year, but there’s potential for it going into 2018.
Housing Voucher Renewal Will Require Substantially More Funding in 2017
The Center on Budget and Policy Priorities has recently estimated the cost of renewing all housing vouchers in 2017 at $18.86 billion.
Expect Less Regulation for the Foreseeable Future
The Trump Administration has implemented both a regulatory freeze and a more recent executive order which will reduce the number of new regulations put forth by most federal agencies.
Senate Democrats Unveil Comprehensive Infrastructure Plan, Affordable Housing Included
The $1 trillion plan aims to create over 15 million jobs, and addresses issues including broadband internet, downtown revitalization, water and sewer, schools, roads and bridges, and also includes investments for public and affordable housing.