Congress
New Bill Would Increase LIHTC, NMTC, HTC Allocations in Disaster Areas
Senator Charles Schumer (D-NY) recently introduced the National Disaster Tax Relief Act of 2014 (S. 2233), a bill which would increase the Low-Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC), and Historic Rehabilitation Tax Credit (HTC) allocations in states that include a federally declared disaster area in 2012 or 2013.
Obama Nominates Two Women for Senior Level HUD Positions
President Obama recently submitted his nominations for two key posts at the Department of Housing and Urban Development (HUD), nominating Nani A. Coloretti for Deputy Secretary, the second most senior position at the agency, and Erika Moritsugu for Assistant Secretary for Congressional and Government Affairs.
UPDATE: Sens. Johnson and Crapo Release Housing Finance Reform Discussion Draft
Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) recently released a discussion draft for bipartisan housing finance reform….
The State of LIHTC: Weigh-In with NH&RA
On Wednesday, January 28, President Obama presented his 2014 State of the Union address to a joint session of Congress, offering several domestic policy proposals focused on expanding opportunity. Noticeably absent from his remarks was how access to safe, decent affordable housing is cornerstone to the expansion of economic and social opportunity…
Fiscal 2014 Appropriations Compromise Presents Winners & Losers
A recently released bipartisan spending measure funds U.S. Department of Housing and Urban Development (HUD) programs at $45.46 billion, increasing funding for certain programs such as the Project-Based Rental Assistance and Tenant Based Rental Assistance programs over FY 2013 post-sequestration levels, but dramatically altering the landscape for others, in particular the Rental Housing Demonstration (RAD) program.
2014 NH&RA Annual Meeting & Senior Housing Symposium: Conference Materials
All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 NH&RA Annual Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference.
Obama’s FY 2015 Budget Requests $46.7 Billion for HUD Programs
On March 4, President Barack Obama introduced his fiscal year (FY) 2015 budget, requesting a total of $46.7 billion for Department of Housing and Urban Development (HUD) programs, as well as significant policy proposals aimed at improving the Low-Income Housing Tax Credit (LIHTC) program and a proposal to modify and permanently extend the New Markets Tax Credit.
Harvard Joint Center for Housing Studies Releases New Report at Washington Event
On December 9, 2013, the Joint Center for Housing Studies of Harvard University (JCHS) released a new report on U.S. renters and rental housing characteristics, conditions, and trends during an event at the Newseum in Washington, D.C. The report, America’s Rental Housing: Evolving Markets and Trends, describes how the 2008 recession has impacted rental housing trends. Currently, there are 43 million rental households, representing 35% of Americans — the highest rate in more than a decade. Additionally, a disproportionate amount of lower-income families and individuals living in rental housing pay an excessive share of their income towards rent. Because of the vast changes in housing, many consider America to be experiencing the worst crisis today in renter affordability.
Congressional Tax Reform Proposal Creates Major Changes to LIHTC, HTC, & Energy Tax Credits
On Wednesday February 26, House Ways & Means Committee Chairman Dave Camp (R-Mich.) released his long-awaited draft Tax Reform Act of 2014. The draft legislation contains many significant provisions relating to the Low-Income Housing Tax Credit and would also repeal the Historic Rehabilitation Tax Credit and various renewable energy credits.
Rep. Neal Introduces Bill to Permanently Extend NMTC
A recently introduced bill (H. R. 3939) in the U.S. House of Representatives would amend certain provisions of the Internal Revenue Code, including a permanent extension of the New Markets Tax Credit (NMTC) program, in order to stimulate economic investment and create jobs…
Budget Agreement Passes House, Senate; Appropriations Committees Get to Work
The U.S. House of Representatives and U.S. Senate recently reached an agreement on the Continuing Appropriations Resolution of 2014 (H J Res 59), setting top-line spending for fiscal year (FY) 2014 at $1.012 trillion, and $1.014 trillion for FY 2015.
NH&RA’s Council for Energy Friendly Affordable Housing Issues Federal Energy Policy Recommendations for HUD and Congress
The Council for Energy Friendly Affordable Housing (CEFAH), an affiliate of the National Housing & Rehabilitation Association, has released a white paper outlining critical recommendations to improve the energy performance of the nation’s affordable housing portfolio. CEFAH will be presenting it recommendations at its Annual Meeting on March 12, 2009 at the Ocean Reef Club in Key Largo, Florida.