LIHTC

senate-seal

Senate Finance Committee Hearing on LIHTC

Last week the Senate Finance Committee held a hearing on The Role of Tax Incentives in Affordable Housing.

Treasury

Bipartisan Group of Lawmakers Call for Expedited Final Rule on Income Averaging

Last week, a bipartisan group of lawmakers sent a letter to the Department of Treasury and Internal Revenue Service urging the expedited release of a final rule on income averaging under the LIHTC program.

Treasury

Treasury Says Housing Credit “Should Not Be Impacted” by OECD/Global Minimum Tax Rules

A few weeks ago, NH&RA and several of our partners sent a letter to Treasury Secretary Janet Yellen urging that Community Development Finance Tools be preserved under a New Global Minimum Tax. Last week, the Assistant Secretary for Tax Policy Lily Batchelder singled out breaks for low-income housing, renewable energy and the New Markets Tax […]

HUD

President Biden Releases FY2023 Budget Request

On Monday, the White House released its FY 2023 budget proposal, which requests $71.9 billion in discretionary funding for HUD and $50 billion for “Addressing Cost Pressures and Expanding Economic Capacity.”  

IRS

IRS Publishes 2022 Population Figures

The Internal Revenue Service published Internal Revenue Bulletin No. 2022-12, which contains calendar year 2022 resident population figures to calculate state allocations of the nine percent LIHTC and private activity bond cap.

ahtcc

2022 Edson Awards Application Open through April 22

The annual Charles L. Edson Tax Credit Excellence Awards (Edson Awards) recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the LIHTC.

congress-capitol

NH&RA Joins SLFRF Letter to Congressional Leaders

NH&RA joined with 81 other organizations in a letter sent to Senate Majority Leader Chuck Schumer (D-NY), Senate Minority Leader Mitch McConnell, House Speaker Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) on the need to adjust the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) program so that it can be used efficiently to provide long-term loans to LIHTC developments.

General News

Ron Terwilliger on How to Make More Affordable Housing: Expanding the Supply of Affordable Homes for Rent and Sale Must be a National Priority

Ron Terwilliger, founder of the Bipartisan Policy Center’s (BPC) Terwilliger Center for Housing Policy, explains how the U.S. can make housing more affordable in an op-ed for HousingWire.

Department of Energy

Department of Energy Extends Categorical Eligibility to Include HUD-Assisted Households

The Department of Energy released Weatherization Program Notice 22-5, which expands client eligibility for the program.

congress-capitol

Treasury IG Report Concludes IRS Oversight of Housing Credit Program Can Be Improved

The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on IRS oversight of the LIHTC program calling for improvements.

Member News

Dominium Acquires Tennessee, Texas Properties

Dominium announced the closing of its acquisition of Chapel Ridge of Gallatin located at 1590 Airport Road in Gallatin, TN.

congress-capitol

BBB Faces New Challenges as Sen. Manchin Withdraws Support

BBB Faces New Challenges as Sen. Manchin Withdraws Support

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