Congress

On August 2, the Senate Committee on Banking, Housing and Urban Affairs held a hearing entitled “‘The Rent Eats First’: How Renters and Communities are Impacted by Today’s Housing Market.”

NH&RA joined a letter urging Congress to include investments to retrofit rental homes to reduce energy costs and emissions and preserve affordable housing, as well as a letter requesting $150,000,000 for the Family Self-Sufficiency (FSS) program in FY23 appropriations. The letter also requests that Congress strike language from past appropriations legislation that prohibited HUD from […]

NH&RA joined with 81 other organizations in a letter sent to Senate Majority Leader Chuck Schumer (D-NY), Senate Minority Leader Mitch McConnell, House Speaker Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) on the need to adjust the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) program so that it can be used efficiently to provide long-term loans to LIHTC developments.

Last week the Senate passed a continuing resolution that will fund the federal government through March 11.

Last week the House passed a continuing resolution that would fund the federal government at current funding levels through March 11.

The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on IRS oversight of the LIHTC program calling for improvements.

The Senate Banking Committee voted to advance the nominations of Julia Gordon to serve as assistant secretary of Housing and Federal Housing commissioner, David Uejio to serve as assistant secretary for Fair Housing and Equal Opportunity, Arthur Jemison as assistant secretary for Public and Indian Housing, Solomon Greene as assistant secretary for Policy Development and Research and Elizabeth de Leon Bhargava as assistant secretary for administration.

The Senate approved Alanna McCargo as president of Ginnie Mae by a voice vote on December 14.

BBB Faces New Challenges as Sen. Manchin Withdraws Support

Over the weekend, the Senate Finance Committee released its portion of the Build Back Better Act, which makes important modifications to the LIHTC provisions in the bill.

NH&RA joined a letter calling on Senate Majority Leader Chuck Schumer (D-NY), House Speaker Nancy Pelosi (D-CA), Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways and Means Committee Chairman Richard Neal (D-MA) to add Historic Tax Credit provisions back into the Build Back Better Act.

Last week, Congress passed a continuing resolution that will fund the federal government at its current levels through February 18, averting a shutdown.