Congress

Reps. Ron Kind (D-WI), Spencer Bachus (R-AL), Richard Neal (D-MA), and Terri Sewell (D-AK), and Sens. John Kerry (D-MA), and Scott Brown (R-MA), yesterday introduced H.R. 2718 and S. 1456, respectively.

NH&RA is pleased to offer .PDF versions of the PowerPoint slides presented at the 2011 Summer Institute & New Markets Tax Credit Symposium.

The New Markets Tax Credit Coalition (NMTCC) is circulating a letter of support for the new markets tax credit (NMTC) that urges lawmakers to co-sponsor S. 996, the New Markets Tax Credit Extension Act of 2011.

The Center on Budget & Policy Priorities recently released a new report suggesting that there is no evidence that HUD’s Section 8 rental assistance programs for low-income families (Housing Choice Voucher and Project-Based Rental Assistance programs) are crowding out spending on other HUD programs, despite recent concerns from several lawmakers.

The Pew Charitable Trusts recently released a study regarding the costs and benefits of current housing-related tax expenditures.

In response to a year long Washington Post investigation titled “Million Dollar Wasteland” a bipartisan group of federal lawmakers is calling on Congress to probe the nation’s housing-construction program for the poor, citing years-long delays and other breakdowns that have thwarted the production of hundreds of affordable-housing projects.

Representatives Gary Miller (R-CA) and Carolyn McCarthy (D-NY) have introduced new legislation (HR 1859) that would create a government-owned credit facility to replace Fannie Mae and Freddie Mac.

Reps. Aaron Schock (R-Ill.) and Earl Blumenauer (D-Ore.) last week introduced the Creating American Prosperity through Preservation Act of 2011 (H.R. 2479).

U.S. Representatives Erik Paulsen (R-Minn.) and Ronald Kind (D-Wis.) last week introduced the Renewable Energy for a Brighter Future Act (H.R. 2391).

Affordable rental housing is the subject of Department of Housing and Urban Development’s spring 2011 issue of Evidence Matters. The issue centers on the role rental housing policy plays in housing and community development.

On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.

We are pleased to announce that online registration and hotel reservations are now open for the National Council of Affordable Housing Market Analysts Affordable Housing Underwriting Conference & Annual Meeting.