Congress

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Over the weekend, the Senate Finance Committee released its portion of the Build Back Better Act, which makes important modifications to the LIHTC provisions in the bill.

NH&RA joined a letter calling on Senate Majority Leader Chuck Schumer (D-NY), House Speaker Nancy Pelosi (D-CA), Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways and Means Committee Chairman Richard Neal (D-MA) to add Historic Tax Credit provisions back into the Build Back Better Act.

Last week, Congress passed a continuing resolution that will fund the federal government at its current levels through February 18, averting a shutdown.

Congress returns from Thanksgiving break with a long to-do list and not much time left.

On Friday, the House passed the $2 Trillion Build Back Better Act (H.R. 5376) along a party line vote.

The Internal Revenue Service released Revenue Procedure 2021-45, which sets state ceilings for nine percent LIHTCs and private activity bonds (PAB).

Novogradac estimates the latest version of the $1.75 trillion Build Back Better reconciliation legislation would finance 936,900 affordable homes over 2022 to 2031.

House leadership recently released an updated version of the Build Back Better Act, which now includes $153.95 billion in direct housing spending provisions as well as several key LIHTC provisions.

Trisha Miller with Elevate Energy authored an op-ed for the Chicago Tribune highlighting the benefits of equitable building electrification.

The House voted to raise the debt limit by $480 billion through December 3, the same day federal appropriations will run out.

High-stakes is an understatement. Appropriations for the federal government are set expire at 11:59 p.m. ET tomorrow, September 30. If a bill isn’t passed by both chambers and signed by the President before then, the federal government will shut down amidst a resurging global pandemic.  

The House Financial Services Committee completed their work on Tuesday and sent their portion of the bill to the House floor with a 30-24 party-line vote. The committee voted down all of the amendments offered by Republicans.