Congress

U.S. Senator Debbie Stabenow (D-MI) recently introduced an amendment to S. 493 that would extend the Section 48C Advanced Energy Manufacturing Tax Credit program.

Earlier this month, ten rental housing industry organizations sent a letter encouraging the Senate to include sufficient funding to meet project-based Section 8 rental assistance contractual obligations for both HUD and the Rural Housing Service and ensure that those living in this housing are not displaced.

Today the White House released its FY-2011 Budget Proposal.

The Department of the Treasury’s FY-2012 Budget Proposal included two major changes to the low-income housing tax credit. The changes if enacted with create a basis boost for certain bond transactions and encourage owners to create more mixed-income housing.

President Obama last week signed into law the sixth continuing resolution (H.J. Res. 48) for the fiscal year 2011 federal budget.

Last week, Senate and House Committees took up discussions about proposals to reform the nation’s housing finance system.

President Obama on Friday signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The House last week passed the bill by a vote of 277-148. The Senate approved the bill on December 15 by a vote of 81-19.

Congressman Brian Higgins recently sent a letter to the National Park Service encouraging the service to review its interpretations of the Secretary Standards for Historic Rehabilitation.

Democratic lawmakers on the House Ways and Means Committee have introduced a new bill intended to finance infrastructure investments to create jobs.

Senator Jack Reed (D-RI) introduced legislation last week that would contribute $1 billion to the National Housing Trust Fund for the creation, preservation and rehabilitation of affordable housing.

The PowerPoint presentations from NH&RA’s Annual Meeting & Pre-Conference Symposium on New Markets Tax Credits are now available for download.

NH&RA had perfect weather for this year’s Winter Golf Tournament at the Raptor Bay Golf Club last week in Bonita Springs, Fla. NH&RA congratulates the following prize winners.