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.
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.
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.
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.
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.
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%.
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.
The tax credit would be available to renters earning less than $100,000, and the benefit shrinks as a tenant’s income rises.
Applications are due September 17.
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.
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.
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 […]