ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
A new guide from HUD, Increasing the Supply of New Affordable Housing: Quick Guide to Using HUD’s Community Planning and Development (CPD) Programs, details funding sources available for affordable housing and provides case studies.
The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation’s (PAHRC) new joint report, Improving Low-Income Housing Tax Credit Data for Preservation, examines the extent to which housing finance agencies (HFAs) provide data on LIHTC properties at the state and local levels and analyzes the catalysts, challenges and necessary resources impacting their ability to collect, maintain and report LIHTC property data to HUD and the wider public.
The much-anticipated average income regulations have cleared the Treasury Department and are now under review by the White House Office of Information and Regulatory Affairs (OIRA).
Last week, the House passed the Inflation Reduction Act along a party line vote and on Tuesday, President Biden signed the bill, enacting it into law.
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.