Congress

congress-capitol

HUD Allocates More Than $10 Billion of Recovery Act Funding One Week After Bill Signing

The following is an excerpt from February 15, 2009 HUD Press Release

WASHINGTON ““ The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today ““ only one week after President Obama signed the Act into law.

congress-capitol

Obama Signs Stimulus Legislation Into Law

Please see the following summary of key provisions from the conference report of HR 1: The American Recovery and Reinvestment Act. The House of Representatives and Senate voted in favor of the measure and President Obama signed the measure into law Tuesday, Feb. 17.

congress-capitol

2009 Annual Meeting & NMTC Symposium Conference Presentations

NH&RA has made available individual PowerPoint presentations from the recent 2009 Annual Meeting & NMTC Symposium, March 11-15 in Key Largo, Florida.

congress-capitol

Center on Budget and Policy Priorities Issues Report on Low-Income Housing Programs

The Center on Budget and Policy Priorities has issued a new report, entitled “Decade of Neglect Has Weakened Federal Low-Income Housing Programs: New Resources Required to Meet Growing Needs.”

congress-capitol

TCA October 2008 Issue Theme: Historic Rehabilitation

Tax Credit Advisor
October 2008
Issue Theme: Historic Rehabilitation

congress-capitol

House of Representatives Passes Economic Stimulus Bill; No New LIHTC Amendments

The US House of Representatives has passed HR 1, its $819 billion economic stimulus bill on a vote of 244-188. The House adopted several amendments prior to passing the measure that clarify how funds dedicated to transportation can be spent and strengthening whistleblower protections. The US Senate is scheduled to consider its measure, which is considerably different, in the next few days.

congress-capitol

NH&RA’s New Markets Tax Credit Committee Urges Congress to Include NMTCs in Stimulus Compromise

NH&RA’s New Markets Tax Credit Council sent a letter to key congressional leaders urging them to support the New Markets Tax Credit Provisions in the Senate Version of HR: 1The The American Recovery and Reinvestment Act of 2009. The letter addresses expanding NMTC Authority in 2008 and 2009, Alternative Minimum Tax Relief and the carry back of business tax credits.

congress-capitol

Stimulus Compromise Announced; LIHTC Exchange Proposal & Gap Financing Part of Package

At press time the Economic Recovery Act was still in conference committee and specific text was not available; however, Congressional leadership has indicated that House a compromise has been agreed upon that will cost about $789 billion. Reports of housing provisions include…

congress-capitol

Stimulus Bill: Summary of Appropriations Provisions; Several Housing & HUD Related Provisions

The conference committee has released a summary of appropriations provisions in HR 1: The American Recovery and Reinvestment Act. The measure provides $311 billion in appropriations. Highlights include:

congress-capitol

HR 1: The American Recovery & Reinvestment Act (“The Stimulus Bill”)

Please see the following summary of key provisions from the conference report of HR 1: The American Recovery and Reinvestment Act.

congress-capitol

Senate Passes Stimulus Measure; Side-By-Side Comparison of Tax and Housing Provisions

The United State Senate has approved HR1: The American Recovery and Reinvestment Act of 2009 on a vote of 61-37. The Congressional Budget Office reports that the current version of the measure would cost $838 billion over ten years. Only three Republicans voted in favor of the measure. The package now heads to a House-Senate conference to resolve differences between the two versions. A compromise measure is expected towards the end of the week. A summary of the key housing and tax credit related provisions include…

congress-capitol

New Markets Tax Credits Included In Stimulus Compromise

NH&RA New Markets Tax Credit Council is pleased to report that our sources indicate that that House & Senate Conferees have agreed to New Markets Tax Credit provisions from the Senate version of HR1: The American Recovery and Reinvestment Act of 2009.

[Page 66 of 67 ]