News

congress-capitol

Omnibus Appropriations Enacted for Remainder of FY 2017 Budget; HUD Sees Slight Increase

The $1.07 trillion budget agreement does not include any of the $18 billion in domestic program cuts requested by the White House and will likely be passed this week.

congress-capitol

Trump Releases Tax Plan, Rep. Brady Pushes Back House Schedule for Tax Reform

Donald Trump today has released a preliminary version of a tax plan, calling for a reduction in the corporate tax rate to 15%.

Georgia

Zillow Analysis Links Strict Immigration Laws to Higher Construction Costs

The analysis looked at Georgia and its strict immigration law which went into effect in 2011. Since the law took effect, new-construction premiums on homes in the state have increased dramatically, while premiums in the rest of the country have remained relatively flat.

ahtcc

Affordable Housing Tax Credit Coalition Releases Advocacy Video

The video explores the Low-Income Housing Tax Credit’s (Housing Credit) role as America’s primary tool for creating and preserving affordable rental homes—and why it should be strengthened and expanded as a proven community and economic development tool.

HUD

HUD Releases New Demographic Data on LIHTC Residents

While the report points to incomplete data reporting for various reasons, the data provided could give a general idea regarding LIHTC resident demographics in particular areas.

HUD

HUD-Assisted Housing FY 2017 Income Limits Released

The national Median Family Income (MFI) increased 3.5% to $68,000 compared to last year.

congress-capitol

New Federal Spending Bill Required by April 28

Congress has less than 10 days to pass legislation and avoid a government shutdown – a task which could prove difficult.

congress-capitol

Reps. Pat Tiberi and Richard Neal Introduce Legislation to Improve the LIHTC

The bipartisan bill aims to improve the Low Income Housing Tax Credit through a number of changes.

congress-capitol

President Trump Releases Budget Blueprint

The “skinny” budget would cut HUD funding from $46.9 billion in FY-2017 to $40.7 billion – a 13.2 percent reduction.

congress-capitol

Help Protect the National Housing Trust Fund

The National Low Income Housing Coalition has composed a sign-on letter urging Congress to maintain funding for the National Housing Trust Fund, the only Federal Program designed to preserve and build housing for the lowest income bracket. NH&RA is proud to be a signatory on the letter and urges its members to sign on as well by the March 22 deadline. See below for a message from NLIHC:

General News

New Guidance Released for HTC Functionally Related Buildings Separate Project Treatment

The new guidance, released by the National Park Service, gives examples of when buildings functionally related historically can be treated as separate projects for the purpose of certification.

congress-capitol

Calls for Increased Defense Spending and What it Means for HUD

Obtained preliminary budget documents from the Trump Administration reportedly outline a 14% cut for HUD – over $6B. Whether the obtained documents go into OMB’s final budget or not, plans for boosting defense spending by $54 billion, along with some Members of Congress proposing an even higher increase, will create budget consequences for programs like HUD.

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