Congress

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Last week, the Senate passed the spending bill with an 87-11 tally, ending the threat of a government shutdown until after the holidays.

There are 47 days between now and the end of the year and only two days until the government runs out of funding under the current continuing resolution (CR).

Last week the Senate passed a Fiscal Year (FY) 2024 appropriations package which included the Transportation, Housing and Urban Development (THUD) bill.

With a government shutdown four days away, Congress is moving into crisis mode as both sides seek to strike a deal.

Mayors, county executives and other elected executive leaders from local municipalities in nearly every state in the nation this week sent congressional leaders a letter urging Congress to pass the Affordable Housing Credit Improvement Act (AHCIA) (S.1557/H.R. 3238).

Congress is likely on track to trigger a government shutdown on Oct. 1, 2023, with little hope of passing the 12 appropriations bills before the start of the new fiscal year and a standoff in the House Republican Caucus around a short-term continuing resolution.

The House returned this week following August recess and both chambers are racing to meet the September 30 appropriations deadline.

Last week the House and Senate Appropriations Committees both voted Fiscal Year (FY) 2024 Transportation-Housing and Urban Development (T-HUD) appropriations bills out of committee.

House and Senate Appropriations Committees are racing to pass Fiscal Year (FY) 2024 funding ahead of the August recess and September 30 fiscal year end.

House Ways and Means Chairman Jason Smith (R-MO) released The American Families and Jobs Act, an opening salvo for a year-end tax package. The package focuses primarily on extensions of expired business-related tax credits from the Tax Cuts and Jobs Act of 2017.

Last week, Representatives Mike Kelly (R-PA) and Brian Higgins (D-NY) reintroduced the Neighborhood Homes Investment Act (H.R. 3940).

On the heels of the newly reintroduced Affordable Housing Credit Improvement Act (S. 1557 / H.R. 3238), The ACTION Campaign sent a letter to Congress calling for cosponsors and seeking action on any future tax legislation.