Congress

The Senate Banking Committee voted to advance the nominations of Julia Gordon to serve as assistant secretary of Housing and Federal Housing commissioner, David Uejio to serve as assistant secretary for Fair Housing and Equal Opportunity, Arthur Jemison as assistant secretary for Public and Indian Housing, Solomon Greene as assistant secretary for Policy Development and Research and Elizabeth de Leon Bhargava as assistant secretary for administration.

The Senate approved Alanna McCargo as president of Ginnie Mae by a voice vote on December 14.

BBB Faces New Challenges as Sen. Manchin Withdraws Support

Over the weekend, the Senate Finance Committee released its portion of the Build Back Better Act, which makes important modifications to the LIHTC provisions in the bill.

NH&RA joined a letter calling on Senate Majority Leader Chuck Schumer (D-NY), House Speaker Nancy Pelosi (D-CA), Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways and Means Committee Chairman Richard Neal (D-MA) to add Historic Tax Credit provisions back into the Build Back Better Act.

Last week, Congress passed a continuing resolution that will fund the federal government at its current levels through February 18, averting a shutdown.

Congress returns from Thanksgiving break with a long to-do list and not much time left.

On Friday, the House passed the $2 Trillion Build Back Better Act (H.R. 5376) along a party line vote.

The Internal Revenue Service released Revenue Procedure 2021-45, which sets state ceilings for nine percent LIHTCs and private activity bonds (PAB).

Novogradac estimates the latest version of the $1.75 trillion Build Back Better reconciliation legislation would finance 936,900 affordable homes over 2022 to 2031.

House leadership recently released an updated version of the Build Back Better Act, which now includes $153.95 billion in direct housing spending provisions as well as several key LIHTC provisions.

Trisha Miller with Elevate Energy authored an op-ed for the Chicago Tribune highlighting the benefits of equitable building electrification.