LIHTC

The Bipartisan Policy Center (BPC) sent a letter to Treasury Secretary Scott Bessent on reforming LIHTC guided by two key principles and divided into administrative and legislative actions.

FHFA announced a doubling of the annual cap for Fannie Mae and Freddie Mac in LIHTC developments — from $1 billion each to $2 billion each— totaling $4 billion per year.

On July 4, President Donald Trump signed the One Big Beautiful Bill Act (H.R. 1) into law.

While the LIHTC provisions passed unscathed, Senate Parliamentarian Elizabeth MacDonough reviewed the reconciliation bill and stripped several GOP priorities from it.

A House Financial Services Committee’s Subcommittee on Housing & Insurance hearing examined the mounting challenges facing rural communities in developing and preserving affordable housing.

The Senate Finance Committee released the text of the tax portion (Section-by-Section Summary) of the reconciliation bill Monday night.

A recent Washington Post article highlighted two LIHTC developments in Washington, DC, which cost $1.2 million per unit.

Applications are due Tuesday, June 10, 2025, by 11:00 p.m. ET for the AHTCC 2025 Recognition of Housing Tax Credit Excellence in honor of Charles L. Edson.

With the Senate back from recess, committees are releasing their pieces of the reconciliation bill this week.

The House Ways and Means Committee released the tax portion of the reconciliation legislation for the markup hearing on Tuesday, May 13.

The House returned from its two-week recess on Monday and is busy with the reconciliation process.

HUD released their income limits for 2025, which determine eligibility for HUD-assisted programs.