Congress

Congressman Keith Ellison (D-Minn.) has released a draft of his revised PETRA bill.

Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:

Tax Credit Advisor ““ November 2010 ““ For the new markets tax credit (NMTC) industry, all eyes are on Washington, wondering whether or when Congress will enact legislation to reauthorize the program, which lapsed on December 31, 2009.

Tax Credit Advisor ““ October 2010 ““ The President’s Economic Recovery Advisory Board has released a report outlining various tax reform options that mentions the low-income housing tax credit but doesn’t make any recommendation about what should be done about it.

The White House, together with officials from HUD, Treasury, USDA and congressional staff, recently hosted a one-day conference entitled,

NCAHMA welcomed roughly 100 professionals to Chicago for its 2010 Affordable Housing Underwriting Conference & Annual Meeting on October 5-6. The event was one of NCAHMA’s best turnouts ever! If you missed it, don’t worry! You can download all of the PowerPoint presentations offered during the conference.

Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) and Small Business and Entrepreneurship Committee Ranking Member Olympia J. Snowe (R-ME) recently introduced the Advanced Energy Tax Incentives Act of 2010 (S. 3935).

Before recessing to campaign, Congress approved and President Obama signed a continuing resolution to fund the federal government temporarily, through December 3.

U.S. Rep. Luis Gutierrez (D-IL) has introduced a bill (H.R. 6334) that would make legislative changes to the Community Reinvestment Act (CRA), which requires banks to meet the credit needs of low- and moderate-income neighborhoods in their service area.

Rep. Alcee L. Hastings (D-Fla.) has introduced new legislation that would, among other things, allow New Markets Tax Credit investments made between March 15, 2010 and January 1, 2012 to offset the alternative minimum tax.

House Financial Services Committee will hold a hearing on September 23 titled “Perspectives on the Livable Communities Act of 2010.”

NH&RA is pleased to announce we’ll be extending early registration for our Fall Developers Forum one additional week. Register by 9/24 to take advantage of our early registration discount.