Congress
Senate Votes Down Rescissions
Due to procedural rules, Congress had until June 22 to pass the rescissions with a simple majority.
Addiction Recovery Housing Bill Passes House
The THRIVE Act is a plan to create a transitional housing program for individuals recovering from opioid addiction or other substance abuse disorders.
Bipartisan Legislation Introduced to Enhance the Historic Tax Credit, Support Needed
NH&RA encourages its members to support this important legislation. Sponsors anticipate there is an opportunity to attach the basis adjustment language to a larger legislative package that is likely to move through Congress toward the end of the year. Support for the legislation needs to come from both sides of the aisle to improve its chances of enactment.
Legislation Passes House Committee to Permanently Authorize CDBG-DR
The Reforming Disaster Recovery Act of 2017 (H.R. 4557) proposes to permanently authorize the Community Development Block Grant – Disaster Recovery (CDBG-DR) program.
Senate Committee Passes FY-19 THUD Spending Bill, Significant Increase for HUD
The US Senate Appropriations Committee has approved its FY-2019 Transportation, Housing, and Urban Development spending measure (S. 3023). The Senate committee proposes an additional $4.3 billion in Tenant Based Vouchers and an additional $400 million in Project Based Rental Assistance over the House’s T-HUD funding language (which was approved by the full House Appropriations Committee on May […]
Call to Action: Urge Your Representative to Co-Sponsor LIHTC Improvement Legislation
Rep. Carlos Curbelo (R-FL) is circulating a ‘Dear Colleague’ letter asking his House colleagues to cosponsor the Affordable Housing Credit Improvement Act (H.R. 1661), bipartisan legislation that would strengthen the Low-Income Housing Tax Credit.
House Delays Action on White House Rescissions Affecting Prior HUD and RD Appropriations
The House has put off a vote on President Trump’s proposed rescission request, which recently passed legal muster under a Government Accountability Office study (only $134 million, all from the Transportation Department, was decided as improper to impound of the total $15.2 billion). House Majority Leader Kevin McCarthy (R-CA) stated the reason is simply an […]
Bell Op Ed Calls on Senate to Confirm FHA Commissioner Nominee
In his 5/2/18 column for National Mortgage News, “Vote to confirm Trump’s FHA commissioner has been delayed too long,” NH&RA President and CEO Peter Bell says that despite having a qualified candidate ready to serve, Senate leadership on both sides of the aisle have ignored their responsibility to vote on Brian Montgomery’s nomination as Federal […]
Secretary Carson Proposes Rent Increases, Work Requirements for HUD Programs
The proposed legislation would amend the Public Housing program as well as Section 8 Rental Assistance programs (Tenant-Based Rental Assistance/Housing Choice Vouchers (including project-based vouchers) and Project-Based Rental Assistance.
President Signs Omnibus Legislation into Law, 10% Increase for HUD, LIHTC Improvements
On March 23, President Trump signed into law the 2018 omnibus spending bill (HR 1625). Bill language was released late Wednesday night and the House of Representatives and Senate subsequently passed the bill on Thursday. The news of passage comes shortly after President Trump threatened via Twitter to veto the bill on Friday morning. The […]
New York State Budget Allows Bifurcation and Certification of LIHTC, Extends State Historic Credit for 5 Years
This allows for the two credits to be decoupled, allowing investors to transfer state credits separate from federal LIHTCs. The entity or person receiving the state credit would also not need to have any ownership interest in the LIHTC development.
Call to Action: Encourage Your Senator to Join Sign-On Letter Requesting $12.2 Billion for HUDs Project-Based Rental Assistance
Senators Jeff Merkley (D-OR) and Bob Menendez (D-NJ) invite their colleagues to sign on to their “Dear Colleague” support letter requesting $12.2 billion in funding for HUD’s project-based rental assistance. Please encourage your senators to sign this letter.