Federal / Agency News
Administration Passes Sixth Budget Continuing Resolution
President Obama last week signed into law the sixth continuing resolution (H.J. Res. 48) for the fiscal year 2011 federal budget.
Congressional Committees Take Up Housing Finance Debate
Last week, Senate and House Committees took up discussions about proposals to reform the nation’s housing finance system.
Representative Higgins Urges National Park Service To Make Historic Credit Changes
Congressman Brian Higgins recently sent a letter to the National Park Service encouraging the service to review its interpretations of the Secretary Standards for Historic Rehabilitation.
NH&RA Winter Golf Round Up
NH&RA had perfect weather for this year’s Winter Golf Tournament at the Raptor Bay Golf Club last week in Bonita Springs, Fla. NH&RA congratulates the following prize winners.
IRS Issues Guidelines on Taxability of TCAP Grants
The IRS Office of the Chief Counsel has issued a new memorandum (#201106008) addressing the taxability of Tax Credit Assistance Program (TCAP) grants.
NHC Releases Two New Reports on Overcoming HUD Barriers
The National Housing Conference (NHC) and its research affiliate, the Center for Housing Policy recently announced the release of two reports that identify specific regulatory and administrative changes the U.S. Department of Housing and Urban Development (HUD) could adopt to improve access to mainstream supportive services by residents of subsidized housing and facilitate and encourage the development and preservation of affordable and workforce housing in location-efficient areas.
Tax Reform on House Committee’s Agenda
The U.S. House of Representatives’ Ways and Means Committee Chairman, Rep. Dave Camp (R-MI) recently announced that the committee will hold the first of several hearings on fundamental tax reform this Thursday,
Obama Debt Commission Releases Report
The National Commission on Fiscal Responsibility and Reform has released a draft proposal to reduce the federal debt and overhaul the tax code.
111th Congress Adjourns
The Senate and House of Representatives have adjourned sine die and will convene for the 112th Congress on Jan. 5, 2011.
Happy Holidays from NH&RA!
On behalf of the entire staff at NH&RA, we wish you a happy and healthy Holiday season!
Senators Urge Extension of 1603 Program
A bipartisan group of 26 senators yesterday sent a letter to Senate Majority Leader Harry Reid, Minority Leader Mitch McConnell, Finance Committee Chairman Max Baucus and Finance Committee Ranking Member Charles Grassley urging a two-year extension of the Section 1603 Payments for Specified Energy Property in Lieu of Tax Credits Program during the lame-duck session.
President Obama Signs Small Business Jobs Act
On Monday, September 27, President Obama signed the Small Business Jobs Act of 2010 into law. The legislation passed the House by a 237 to 187 vote; the Senate version of the bill was passed the previous week.