Congress

Senator Al Franken (D-MN) recently introduced the “Housing for Homeless Students Act of 2012″ (S 3494) which would amend certain aspects of the Internal Revenue Code of 1986 as it relates to students.

U.S. Congressman Joe Baca (D-CA) recently introduced the Affordable Housing for Moderate-Income Seniors Act (HR 6295) which would encourage the development of affordable housing for moderate-income seniors.

NH&RA is pleased to offer the Power Point presentations, relevant articles, reports, memos, etc. from our recent 2012 Summer Institute and New Markets Tax Credit Symposium, which was held July 25-28, 2012 at the Harbor View Hotel on Martha’s Vineyard in Massachusetts.

The U.S. Senate Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security recently held a public hearing on the Census Bureau’s FY 2013 budget and the proposed elimination of the American Community Survey (ACS). This hearing comes after the US House of Representatives voted in May to support Representative Daniel Webster’s (R-FL) Amendment 1077 to the Commerce, Justice, Science, and Related Agencies 2013 Appropriations Act (H.R. 5326), to eliminate the ACS, a detailed national annual survey conducted by the U.S. Census Bureau.

Senator Richard Durbin (D-IL) recently introduced S. 3348 which would amend title 38 of the United States Code to improve the multifamily transitional housing loan program of the Department of Veterans Affairs (VA).

Congress recently reauthorized federal surface transportation programs in the Moving Ahead for Progress in the 21st Century (MAP-21) legislation (H.R.4348). In addition to other transportation-related funding, the now Public Law (PL) No: 112-141 also includes funding for a new transit-oriented development (TOD) pilot program to provide grant funding for TOD-related activities.

U.S. Representative Earl Blumenauer (D-OR) recently introduced the Wind Powering American Jobs Act (HR 6031) which would extend the production tax credit for wind energy through 2013. The bill would also extend the option for wind project developers to choose a 30 percent investment tax credit until 2014.

The Senate recently agreed to an amendment (S.AMDT.2242) to the Agriculture Reform, Food, and Jobs Act of 2012, the Farm Bill (S. 3240) to amend Section 520 of the Housing Act of 1949 to revise the census data and population requirements for areas to be considered as rural.

The White House recently issued a policy statement regarding HR 5972, the House of Representatives FY 2013 appropriations measure for the Departments of Transportation (DOT) and Housing and Urban Development (HUD).

PowerPoint presentations and conference materials from our 2012 Spring Developers Forum are available for download.

Representative McKinley (R-WV) on June 8 introduced the “Preserving America’s Downtowns and Heritage Act of 2012″ (HR 5930) which would amend Section 47(a) of the Internal Revenue Code of 1986 to boost rates for the historic rehabilitation tax credit (HTC) and the non-historic rehab tax credits.

The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on Thursday June 7 held a hearing on strengthening the Federal Housing Administration’s (FHA) affordable multifamily insurance programs.