Congress
Tax Reform Signed Into Law; PABs, Historic, NMTC Preserved
Today, the Senate and House have both passed the conference report of HR 1 – the GOP’s tax overhaul plan. The bill is expected to be signed into law by President Trump later this week.
House, Senate Pass Two-Week Continuing Resolution
The House is likely to have a floor vote on Thursday for a two-week continuing resolution to avoid a government shutdown Friday at midnight. The potential for snags could come from Democrats and Conservative Republicans alike, for differing reasons.
NMTC/HTC Support Letter for House Republicans Closes Today – Urge Your Rep. to Sign-On
Congressman Smucker (R-PA) is requesting signatures for a letter urging Speaker Paul Ryan and Chairman Kevin Brady to preserve the Historic Tax Credit (HTC) and make the New Markets Tax Credit (NMTC) permanent. The letter is open to House Republicans and it closes TODAY, Wednesday, November 29th at 7 p.m. Eastern.
House Committee Passes Family Self Sufficiency Act
H.R.4258, introduced by Reps. Sean Duffy (R-WI) and Emanuel Cleaver (D-MO), would permanently reauthorize the Family Self Sufficiency (FSS) Act. The bill also makes several improvements.
Urge Congressional Representatives to Join Sign-On Letter Defending Bonds
Rep. Randy Hultgren (R-IL-14) is circulating a letter to House and Senate leadership opposing the proposed elimination of tax exempt private activity bonds in the House’s version of the Tax Cuts and Jobs Act (H.R. 1), focusing on the need for private activity bonds to support investments in our nation’s infrastructure.
Tax Reform: House Bill Passes Floor Vote, Senate Committee Approves Markup and Improves HTC
The House is prepared for a Thursday floor vote on The Tax Cuts and Jobs Act (H.R. 1), meanwhile, the Senate Committee on Finance is in its third day of markup and a modified chairman’s mark was released by Chairman Orrin Hatch (R-UT) Tuesday night.
Novogradac & Company Provides Analysis of Jobs Lost Due to Affordable Housing Provisions in House Tax Reform Legislation
Novogradac & Company has expanded its recent analysis of the currently drafted H.R. 1, the Tax Cuts and Jobs Act, which would reduce the future supply of affordable rental housing by nearly 1 million rental homes, a loss of as much as two-thirds current affordable rental housing production. That significant reduction in housing production would also […]
New Analysis Estimates Repeal of PABs Would Reduce Affordable Housing Production by 75,000 Units Annually
A new analysis conducted by the law firm Norris George & Ostrow, PLLC and shared with a number of Senators and Congressional Representatives finds that the elimination of Private Activity Bonds (PABs) proposed in HR 1 would reduce affordable housing production by as much as 75,000 units per year or about 60% of the nation’s annual affordable housing production.
House Tax Reform Bill Eliminates HTC, NMTC; Eliminates Private Activity Bonds
The House Ways and Means Committee has released the full text of its Tax Cuts and Jobs Act. The Committee plans to begin markup on the proposed legislation on November 6, with plans for a House floor vote sometime in mid-November. Several changes within the code would drastically change the landscape of affordable housing and community development.
Rep. DelBene Introduce Legislation Expanding LIHTC by 50 Percent
According to a press release issued on October 31, 2017 Congresswoman Suzan DelBene (WA-01) today led members of the Washington state delegation representing King County in introducing the Access to Affordable Housing Act to increase the Low Income Housing Tax Credit (LIHTC) by 50 percent. At press time bill text was not yet available. “Making […]
Action Campaign Urges Tax Writers to Include LIHTC Provisions in Tax Reform
NH&RA has joined other members of the Affordable Rental Housing ACTION Steering Committee in a letter to the Chairmen and Ranking Members of the Senate Committee on Finance and House Ways & Means Committees urging Congress to include the Affordable Housing Credit Improvement Act of 2017 (S. 548 / HR 1661) in tax reform legislation […]
Tax Bill Delayed; Release Scheduled for Nov. 2
As of Wednesday afternoon, it appears Senate Republicans have secured enough votes for their budget resolution.