Congress
Busy December Ahead for Congress
Congress returns from Thanksgiving break with a long to-do list and not much time left.
House Passes Build Back Better Act, Remaining Deadlines Loom
On Friday, the House passed the $2 Trillion Build Back Better Act (H.R. 5376) along a party line vote.
IRS Publishes 2022 LIHTC, PAB Caps
The Internal Revenue Service released Revenue Procedure 2021-45, which sets state ceilings for nine percent LIHTCs and private activity bonds (PAB).
Novogradac Estimates BBB LIHTC Provisions Would House 1.9 Million Low-Income Americans
Novogradac estimates the latest version of the $1.75 trillion Build Back Better reconciliation legislation would finance 936,900 affordable homes over 2022 to 2031.
LIHTC, $154 Billion in Housing Spending Now Included in Build Back Better Act
House leadership recently released an updated version of the Build Back Better Act, which now includes $153.95 billion in direct housing spending provisions as well as several key LIHTC provisions.
Elevate Energy Publishes Chicago Tribune Op-Ed on Importance of Equitable Building Electrification
Trisha Miller with Elevate Energy authored an op-ed for the Chicago Tribune highlighting the benefits of equitable building electrification.
Congress Punts on Debt Limit
The House voted to raise the debt limit by $480 billion through December 3, the same day federal appropriations will run out.
High-Stakes Congressional Action Ahead, Contact Democratic Elected Officials About Housing Now!
High-stakes is an understatement. Appropriations for the federal government are set expire at 11:59 p.m. ET tomorrow, September 30. If a bill isn’t passed by both chambers and signed by the President before then, the federal government will shut down amidst a resurging global pandemic.
House Committees Mark Up Reconciliation Bills with Major Housing Investments
The House Financial Services Committee completed their work on Tuesday and sent their portion of the bill to the House floor with a 30-24 party-line vote. The committee voted down all of the amendments offered by Republicans.
Joint Letter to Chairwoman Waters on Amending Emergency Rental Assistance Authorizing Statute
The National Council of State Housing Agencies, along with other major national organizations representing Emergency Rental Assistance (ERA) grantees sent a letter to House Financial Services Committee Chairwoman Maxine Waters (D-CA) providing recommendations on amending the ERA program to eliminate statutory barriers in administration and expedite the provision of assistance to eligible households.
111 Representatives Sign Dear Colleague Letter Supporting the Inclusion of Affordable Housing in Reconciliation
A Dear Colleague letter, led by Reps. Suzan DelBene (D-WA) and Don Beyer (D-VA), asking Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) to include LIHTC provision in the partisan reconciliation package was signed by 111 representatives.
House Advance Partisan Reconciliation Package
The House Aug. 24 passed the Senate-passed budget reconciliation instructions with a 220-212 party-line vote (S.Con.Res.14).