News

HUD

HUD Invites Public Comment on Affirmatively Furthering Fair Housing

The notice poses 8 questions that HUD is specifically interested in hearing about from stakeholders as it determines how to streamline and enhance Affirmatively Furthering Fair Housing regulations.

NH&RA News

Brookings Institute Recommends Policies for the National Housing Crisis

Schuetz argues that current legislative proposals are only partial fixes and gives four recommendations for federal, state, and local governments to address the housing affordability crisis.

NH&RA News

New Markets Tax Credit Applications Exceed Authority 4-Fold

Applicants requested an aggregate total of $14.8 billion in NMTC allocation authority, over four times the $3.5 billion in authority available for the 2018 round.

congress-capitol

House Introduces Bill to Increase LIHTC Allocation

The bill would increase the per-capita LIHTC allocation from $2.70 to $2.90, increase the small-state minimum by $265,000 for a total minimum allocation of $3.365 million to small states, and other changes as well.

congress-capitol

House Bill Would Give Rural NMTC $1 Billion Boost

The additional authority would be reserved for Rural Job Zones. Furthermore, at least 25% of the additional authority would be set aside for persistent poverty counties and/or high migration rural counties.

congress-capitol

Continuing Resolution Enancted; T-HUD Appropriations Funded Through Dec. 7

The Senate today passed a four spending bill package (HR 6147), including its Transportation, Housing, and Urban Development bill (S. 3023) which would increase appropriations for HUD by 4% over last year’s funding amount, while the House version would increase HUD funding by roughly 2%.

congress-capitol

Senate Introduces Bill to Create Task Force Evaluating Impact of Affordable Housing Crisis

The task force would be composed of 18 members, all of whom would be appointed in a bi-partisan fashion by majority and minority leaders of the House and Senate.

congress-capitol

Senator Harris Introduces Tax Credit for Renters Paying Over 30% of Income on Rent and Utilities

The tax credit would be available to renters earning less than $100,000, and the benefit shrinks as a tenant’s income rises.

General News

$142 Million Available in 2018 Round of Capital Magnet Fund

Applications are due September 17.

congress-capitol

Housing Choice Voucher Mobility Act Passes House

The bill, sponsored by Rep. Sean Duffy (R-WI), would authorize the Secretary of Housing and Urban Development to carry out a housing choice voucher mobility demonstration to encourage families receiving such voucher assistance to move to lower-poverty areas and expand access to opportunity areas.

NH&RA News

Urban Institute Hosting Opportunity Zone Workshop in Chicago

Later this month, The Urban Institute, the MacArthur Foundation, and other philanthropic organizations are hosting a half-day workshop to discuss and debate what Chicago and Cook County should do to optimally utilize the new federal Opportunity Zones incentives established by the Tax Reform Act. The official announcement can be found here.

NH&RA News

Bipartisan Policy Center Hosts Panel on Evaluating Tax Expenditure Programs

On July 10, the Bipartisan Policy Center hosted a panel on the evidence-based evaluation of tax expenditure programs, such as LIHTC and Investment Tax Credits. It coincided with the release of a new report entitled “Evaluating Tax Expenditures: Introducing Oversight Into Spending Through the Tax Code”. The event discussed the necessity of evaluating tax expenditures […]

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