Congress

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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.

President Joseph Biden (D) and House Speaker Kevin McCarthy (R-CA) released legislative text for a deal that would suspend the debt limit through Jan. 1, 2025, and place caps on federal spending for fiscal years 2024 and 2025.

Senators Todd Young (R-IN) and Brian Schatz (D-HI) reintroduced the Yes In My Backyard (YIMBY) Act, a bill aimed at removing discriminatory zoning policies and burdensome regulations that hinder housing and community development.

Last week, the Affordable Housing Credit Improvement Act was reintroduced in both the House and Senate as H.R. 3238 and S. 1557.

Rep. Adam Schiff (D-CA) unveiled legislation that would create an interagency council, like the current U.S. Interagency Council on Homelessness (USICH), to analyze and strengthen affordable housing in the U.S.