Congress
Senate THUD Bill Slashes Already Historically-Low Funding for HOME Program
The Senate Appropriations Subcommittee on Transportation, Housing and Urban Development approved Tuesday a FY-2016 THUD funding bill that slashes funds for the HOME program, which often provides vital funding for housing credit developments.
CALL TO ACTION: Preserving and Protecting HOME funds, LIHTC, Tax-Exempt Bonds, Historic Tax Credit
NH&RA calls on its members to stop the Senate Appropriations Committee from slashing funding to the HOME program, join efforts to strength LIHTC, help preserve tax-exempt multifamily bonds, and advocate for the historic tax credit.
NH&RA Members Honored With Edson Tax Credit Excellence Awards
The Affordable Housing Tax Credit Coalition honored outstanding low income tax credit properties at its 21st Annual Charles L. Edson Tax Credit Excellence Awards. NH&RA members were involved in the development and financing of several of the award-winning projects.
ACTION Update: Resources to Support Current Housing Tax Credit Legislation
Affordable Rental Housing ACTION (A Call To Invest in Our Neighborhoods) issued resources to assist housing credit supporters in reaching out to their representatives in support of current legislation. NH&RA encourages our members to voice your support bills in the House and Senate that will set a minimum credit rate.
House Passes FY-2016 THUD Funding Bill
The House passed the FY-2016 Transportation-HUD spending bill on a vote of 216-210. The legislation includes funding for the Department of Housing and Urban Development, Department of Transportation, and other related agencies through the end of the fiscal year on September 30, 2016.
Senators Seek to Extend LIHTC Eligibility to Homeless, Veteran Students
Senators Al Franken (D-MN) and Rob Portmann (R-OH) introduced legislation to modify the tax code so that homeless youth and veterans who are full-time students are eligible to live in low-income housing tax credit properties.
House Finance Subcommittee Holds Hearing on Rural Housing Service
The House Commmittee on Financial Services’ Housing and Insurance Subcommittee held an oversight hearing May 19 to examine the performance, challenges and budget priorities of the Rural Housing Service (RHS).
Senators Introduce Bill to Establish Minimum LIHTC Rates
Senators introduced a bill on May 5 to create a permanent floor for the low income housing tax credit. The bill is identical to the one introduced to the House in late February.
Bill Approved By House Appropriations THUD Subcommittee Includes Cuts to Housing Programs
House Appropriations Transportation-HUD subcommittee approved a fiscal 2016 appropriations bill that would provide $55.27 in discretionary spending for infrastructure and housing programs. The measure would put FY-2016 funding above 2015 enacted levels, but still fall short of the Obama Administration’s budget request.
Congress Passes Energy Efficiency Bill
Congress passed a bill that will implement new measures to encourage building owners and tenants to use more cost-effective energy efficiency and water efficiency measures. The bill is a more modest version of a larger efficiency bill sponsored by Senators Portman and Shaheen.
RAD Reforms, LIHTC Discussed at House Hearing on Affordable Housing
The House Financial Services Subcommittee on Housing and Insurance held a hearing on private sector involvement in affordable housing. The hearing focused on opportunities to leverage large private sector investments, including the HUD Rental Assistance Demonstration program and the low-income housing tax credit (LIHTC).
Sign-On and Demonstrate Support for Historic Tax Credit to Senate
The National Trust for Historic Preservation, Preservation Action, the National Conference of State Historic Preservation Officers and the Historic Tax Credit Coalition are again sponsoring a national sign on letter to demonstrate support for the federal Historic Tax Credit (HTC) and influence discussions now underway in the Senate to revise the US Tax Code.