Congress
LIHTC Receives Praise During Dr. Carson’s Confirmation Hearing
Dr. Ben Carson, the nominee for HUD Secretary, underwent a confirmation hearing before the Senate Committee on Banking, Housing, & Urban Affairs on January 12, 2017.
NMTC Coalition Sign-On Letter Urges Congress to Preserve the Tax Credit
The New Markets Tax Credit Coalition is circulating a sign-on letter urging Congress to preserve the New Markets Tax Credit (NMTC) if tax reform moves forward. NH&RA has signed on and urges its members to do the same.
Dr. Carson’s Confirmation Hearing Scheduled for 1/12
The position would mark Dr. Carson’s first time holding political office.
House Financial Services Announces Leadership Team
Look for Rep. Hensarling to continue efforts to replace Dodd-Frank with an alternative bill and make GSE reform a priority as well.
Rep. Frelinghuysen Elected as Chair of House Appropriations Committee
Frelinghuysen is a moderate Republican from New Jersey who has been serving as a U.S. Congressman since 1995.
Early Reflections on the 2016 Election
It will take some time to fully digest the results from last night’s election but I wanted to share some initial thoughts on what this may mean for our industry. Whether you are a Republican or Democrat we must collectively figure out a way to come back from the divisive politics that characterized this election. […]
Congress Returns from Recess; Fiscal Calendar Ends Sept. 30th
It is safe to say a continuing resolution is on the horizon.
Congress Unanimously Approves Housing Opportunity Through Modernization Act
If signed into law, the bill would strengthen the project based rental assistance program, reduce the burden of public housing and PBRA unit inspections, and change the way tenant incomes are calculated, reviewed, and addressed.
Senators Cantwell and Hatch Introduce Second Piece of Legislation Amending the LIHTC
On Thursday, July 14, Senate Finance Committee member Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced legislation (S.3237) to improve the Low Income Housing Tax Credit.
House Releases Tax Reform Blueprint, Silent on LIHTC
The policy blueprint, which is entitled “A Pro-Growth Tax Code for All Americans,” contains no legislative language and outlines how the House plans to continue working on tax reform into 2017.
GAO Report on LIHTC Allocating Agencies Notes Variety of State Approaches and Potential for Problems
The Government Accountability Office’s second report on LIHTC finds that the agencies that allocate state credits generally follow program requirements. However, approaches to QAP and LIHTC award criteria vary, which opens the door to problems for some agency practices.
Speaker Ryan’s Housing-Related Reforms Focus on Residents, Not Development
The plan makes brief mention of “harnessing the abilities of non-profits and other cost-effective service providers,” but largely focuses on public housing, rental assistance, and work requirements for residents.