Congress

On Wednesday February 26, House Ways & Means Committee Chairman Dave Camp (R-Mich.) released his long-awaited draft Tax Reform Act of 2014. The draft legislation contains many significant provisions relating to the Low-Income Housing Tax Credit and would also repeal the Historic Rehabilitation Tax Credit and various renewable energy credits.

A recently introduced bill (H. R. 3939) in the U.S. House of Representatives would amend certain provisions of the Internal Revenue Code, including a permanent extension of the New Markets Tax Credit (NMTC) program, in order to stimulate economic investment and create jobs…

The U.S. House of Representatives and U.S. Senate recently reached an agreement on the Continuing Appropriations Resolution of 2014 (H J Res 59), setting top-line spending for fiscal year (FY) 2014 at $1.012 trillion, and $1.014 trillion for FY 2015.

The Council for Energy Friendly Affordable Housing (CEFAH), an affiliate of the National Housing & Rehabilitation Association, has released a white paper outlining critical recommendations to improve the energy performance of the nation’s affordable housing portfolio. CEFAH will be presenting it recommendations at its Annual Meeting on March 12, 2009 at the Ocean Reef Club in Key Largo, Florida.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 Fall Forum are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting!

The U.S. House of Representatives on Monday, October 28 passed a number of veteran’s affairs bills, including the Vulnerable Veterans Housing Reform Act of 2013 (HR 1742) which would broaden disabled veterans’ income eligibility for federal rental assistance and public housing programs.

Despite the extreme division and political controversy that came along with the recent federal government shutdown and debt ceiling debate, Congress was able to pass the Continuing Appropriations Act of 2014 (HR 2775) which would provide appropriations to government agencies for three months. Section 148 of the measure extends the second component of the Rental Assistance Demonstration (RAD) program through January 15, 2014.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 NCHMA Annual Meeting are available for download.

The United States Congress has not been able to pass a bill to fund the government beyond September 30, 2013, resulting in a government shutdown. On September 27, the Department of Housing and Urban Development (HUD) released a “Contingency Plan for Possible Lapse in Appropriations” if Congress failed to pass the Fiscal Year 2014 Budget. It is unclear how long the shutdown will last or its full affects it will have on housing, but here are some of the major affects the shutdown will have on HUD and other federal housing programs.

The U.S. Senate and House of Representatives Appropriations Committees have both approved the T-HUD Subcommittee versions of the fiscal year (FY) 2014 Transportation, Housing and Urban Development (T-HUD) and FY 2014 Agriculture and Rural Development funding bills.

Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) recently distributed a “Dear Colleague” letter outlining a “blank slate” approach to tax reform. This method approaches tax reform with the assumption that all special provisions will be eliminated unless there is clear evidence they should be kept in the code.

Senator Maria Cantwell (D-WA) and a group of bipartisan Senators together re-introduced S. 1442, which would amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit (LIHTC) rate for unsubsidized buildings and provide a minimum 4 percent credit rate for existing buildings.