Last week the Senate Finance Committee held a hearing on The Role of Tax Incentives in Affordable Housing.
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.
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 […]
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.”
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.
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.
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.
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.
The Department of Energy released Weatherization Program Notice 22-5, which expands client eligibility for the program.
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on IRS oversight of the LIHTC program calling for improvements.
Dominium announced the closing of its acquisition of Chapel Ridge of Gallatin located at 1590 Airport Road in Gallatin, TN.