Congress
Senator Durbin Introduces Bill to Improve Veterans Multifamily Transitional Housing Loan Program
Senator Richard Durbin (D-IL) recently introduced S. 3348 which would amend title 38 of the United States Code to improve the multifamily transitional housing loan program of the Department of Veterans Affairs (VA).
TOD Planning Grant Program Included in New Transportation Law
Congress recently reauthorized federal surface transportation programs in the Moving Ahead for Progress in the 21st Century (MAP-21) legislation (H.R.4348). In addition to other transportation-related funding, the now Public Law (PL) No: 112-141 also includes funding for a new transit-oriented development (TOD) pilot program to provide grant funding for TOD-related activities.
House Rep. Introduces Wind Production Tax Credit Extension
U.S. Representative Earl Blumenauer (D-OR) recently introduced the Wind Powering American Jobs Act (HR 6031) which would extend the production tax credit for wind energy through 2013. The bill would also extend the option for wind project developers to choose a 30 percent investment tax credit until 2014.
Senate Passes Rural Housing Amendment in Farm Bill
The Senate recently agreed to an amendment (S.AMDT.2242) to the Agriculture Reform, Food, and Jobs Act of 2012, the Farm Bill (S. 3240) to amend Section 520 of the Housing Act of 1949 to revise the census data and population requirements for areas to be considered as rural.
White House Issues Policy Statement on House FY 2013 T-HUD Budget
The White House recently issued a policy statement regarding HR 5972, the House of Representatives FY 2013 appropriations measure for the Departments of Transportation (DOT) and Housing and Urban Development (HUD).
NH&RA Spring Developers Forum PowerPoints & Materials
PowerPoint presentations and conference materials from our 2012 Spring Developers Forum are available for download.
New House Bill Would Boost Rates for Historic Tax Credit
Representative McKinley (R-WV) on June 8 introduced the “Preserving America’s Downtowns and Heritage Act of 2012″ (HR 5930) which would amend Section 47(a) of the Internal Revenue Code of 1986 to boost rates for the historic rehabilitation tax credit (HTC) and the non-historic rehab tax credits.
House Subcommittee Holds Hearing on FHA Multifamily Insurance Programs
The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.
Sen. Gillibrand Introduces Legislation to Expand Access to LIHTC for Storm Victims
U.S. Senator Kirsten Gillibrand (D-NY) recently introduced the Irene and Lee Tax Relief Storm Recovery Act (S. 3243) which would expand access to the LIHTC and provide affordable housing to families who lost their homes due to destruction caused by Hurricane Irene and Tropical Storm Lee.
House Committee Will Hold Hearing on Tax Extenders
Rep. Dave Camp (R-MI), Chairman of the House Ways & Means Committee, announced last week that the Select Revenue Subcommittee will hold an additional hearing on tax extenders legislation in early June.
NMTC Legislation Introduced in House of Representatives
Representative Ed Towns (D-NY) recently introduced legislation (HR 5718) in the U.S. House of Representatives to amend Section 45D of the Internal Revenue Code of 1986 to revise the New Markets Tax Credit (NMTC) Program and the rules related to population census tracts with low-income populations.
House Subcommittee Holds Hearing on Tax Extenders
The House Ways and Means Select Revenue Subcommittee recently held a hearing on tax extenders in which a few members specifically expressed support for the New Markets Tax Credit (NMTC) and Wind Production Tax Credit programs.