Congress

On Dec 11, 2014, House Ways and Means Committee chairman Rep. Dave Camp H.R. 1, released the Tax Reform Act of 2014 and U.S. Senate Senate Finance Committee Republican staff released the report “Comprehensive Tax Reform for 2015 and Beyond.” Both the legislation and the report have implications for the future of housing tax credits.

The 2014 mid-term elections are almost over and by any measure they were a victory for Republicans in both the House and Senate. Republicans will gain control of the Senate with no less than 52 seats in the chamber and the potential to hold as many as 55 depending on the final results in Virginia, Louisiana, and Alaska. David Gasson explores what this means for affordable housing…

Retrofitting affordable multifamily rental housing properties to make them more energy efficient is critically important for building owners and managers. Energy consumption is the largest or second-largest category of operating expenses in these kinds of properties. However, investing in energy efficiency improvements requires capital, which can be difficult to secure in the current era of […]

Representative Pete Gallego (D-TX) recently introduced H.R. 5198 to amend Section 42(d)(5) of the Internal Revenue Code of 1986 to provide an appeal process  for designation as qualified census tracts (QCTs) and difficult development areas (DDAs) under the Low-Income Housing Tax Credit (LIHTC) program. This legislation would allow any State or local government agency to […]

Representatives Dennis Ross (R-FL), Jim Himes (D-CT), John Delaney (D-MD) , Sean Duffy (R-WI), Emanuel Cleaver (D-MO) and Ann Wagner (R-MO) recently introduced “Pay-for-Success” legislation (H.R. 5104 ) to increase energy efficiency in multifamily rental housing.

Representatives John Carney (D-DE), John K. Delaney (D-MD), and Jim Himes (D-CT) recently introduced the Partnership to Strengthen Homeownership Act (HR 5055), the latest of several housing finance reform proposals

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 Spring NCHMA Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference. NCHMA Resource: […]

The Senate Appropriations Committee recently approved its fiscal year (FY) 2015 Transportation-HUD spending bill by a measure of 29-1. The draft bill would provide $36 billion in discretionary spending for Housing and Urban Development programs, offsetting receipts estimated by CBO at $9.8 billion, which allows for program funding levels totaling $45.8 billion.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 Spring Developers Forum are available below under the relevant session titles.

Representatives Pat Tiberi (R-OH) and Richard Neal (D-MA) recently introduced H.R. 4717, a bill which would establish a permanent floor for both the 9% and 4% Low-Income Housing Tax Credit (LIHTC). The bill would create a fixed nine percent rate for new rental construction property and a fixed four percent rate for existing property.

On May 21, the full House Committee on Appropriations approved the fiscal year (FY) 2015 appropriations bill for the Department of Transportation, Department Housing & Urban Development (HUD) and Related Agencies by a vote of 28-21. There were no material amendments adopted in full committee markup.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 Spring Developers Forum are available below under the relevant session titles.