Congress

NH&RA 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.

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Congress Punts FY 2024 Spending to March; January 25 Day of Action

Last week, Congress avoided a shutdown by continuing FY 2024 appropriations to March 1 and 8.

House HUD Oversight Hearing Summary  

Last week, the House Financial Services Committee held an Oversight Hearing with HUD Secretary Marcia Fudge. The meeting centered around the rise of housing supply, unaffordability, homelessness and the conditions of public housing.  

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Tax Agreement Includes Top Two LIHTC Provisions 

House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Roy Wyden (D-OR) announced a tax agreement, which includes LIHTC provisions to restore the 12.5 percent increase for nine percent LIHTCs for 2023-2025 and lower the bond financed-by test to 30 percent for allocation made in 2024 and 2025.

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Urgent Advocacy Needed on AHCIA 

Congress returns this week to address government funding deadlines set for January 19 and February 2.

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New Year, Same Congressional To-Do List

Happy New Year! Both the House and Senate remain in recess this week. When they return next week, they’ll have just ten legislative days ahead of the first of two FY 2024 continuing resolution deadlines on January 19.

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New Year, Same Congressional To-Do List

Happy New Year! Both the House and Senate remain in recess this week. When they return next week, they’ll have just ten legislative days ahead of the first of two FY 2024 continuing resolution deadlines on January 19.

General News

Affordable Housing Credit Improvement Act Reaches 200 Co-Sponsors in the House

The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).

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Congress Introduces Workforce Housing Tax Credit Act

Senators Ron Wyden (D-OR) and Dan Sullivan (R-AK) and Representatives Jimmy Panetta (D-CA) and Mike Carey (R-OH) introduced the Workforce Housing Tax Credit Act (S. 3436 and H.R. 6686).

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Congress Approves Temporary Funding Measure through the New Year

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

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Year End Legislative Update; Advocacy Needed on Tax Bill

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).

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FY 2024 Appropriations Update

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

General News

Local Government Leaders Across the Nation Urge Congress to Expand, Strengthen the Housing Credit

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).

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