Congress
Rep. Frelinghuysen Elected as Chair of House Appropriations Committee
Frelinghuysen is a moderate Republican from New Jersey who has been serving as a U.S. Congressman since 1995.
Early Reflections on the 2016 Election
It will take some time to fully digest the results from last night’s election but I wanted to share some initial thoughts on what this may mean for our industry. Whether you are a Republican or Democrat we must collectively figure out a way to come back from the divisive politics that characterized this election. […]
Congress Returns from Recess; Fiscal Calendar Ends Sept. 30th
It is safe to say a continuing resolution is on the horizon.
Congress Unanimously Approves Housing Opportunity Through Modernization Act
If signed into law, the bill would strengthen the project based rental assistance program, reduce the burden of public housing and PBRA unit inspections, and change the way tenant incomes are calculated, reviewed, and addressed.
Senators Cantwell and Hatch Introduce Second Piece of Legislation Amending the LIHTC
On Thursday, July 14, Senate Finance Committee member Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced legislation (S.3237) to improve the Low Income Housing Tax Credit.
House Releases Tax Reform Blueprint, Silent on LIHTC
The policy blueprint, which is entitled “A Pro-Growth Tax Code for All Americans,” contains no legislative language and outlines how the House plans to continue working on tax reform into 2017.
GAO Report on LIHTC Allocating Agencies Notes Variety of State Approaches and Potential for Problems
The Government Accountability Office’s second report on LIHTC finds that the agencies that allocate state credits generally follow program requirements. However, approaches to QAP and LIHTC award criteria vary, which opens the door to problems for some agency practices.
Speaker Ryan’s Housing-Related Reforms Focus on Residents, Not Development
The plan makes brief mention of “harnessing the abilities of non-profits and other cost-effective service providers,” but largely focuses on public housing, rental assistance, and work requirements for residents.
Senate Escapes Rider to Pass HUD Spending Bill, Pressuring House to Follow Suit
While it is far from perfect in the eyes of affordable housing advocates, it would expand several key programs and is seen as a tepid victory in the current spending climate.
Cantwell Seeks Personal Stories to Strengthen Case for LIHTC Expansion
In an attempt to strengthen the LIHTC program through federal legislation, Senator Cantwell is seeking personal stories of individuals and families who have struggled to find affordable housing and/or have experienced homelessness. NH&RA encourages our members who own and manage affordable housing properties to share this opportunity with their tenants.
Support Legislation to Improve Access to Historic Tax Credit
Last October, Representative Mike Kelly (R-PA) introduced legislation seeking the first major changes to the Historic Tax Credit since 1986. Senators Cardin and Collins introduced similar legislation to the Senate in early March.
Tax Legislation Makes Minimum 9% LIHTC Rate Permanent, Includes NMTC Extension
House and Senate approved legislation to establish a permanent minimum 9% Low-Income Housing Tax Credit rate for new construction and substantial rehabilitation and extend the New Markets Tax Credit through 2019.