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On July 18, U.S. Sen. Tom Coburn (R-Okla.) unveiled a massive deficit reduction plan that calls for slashing federal spending, including for housing programs, and eliminating tax credit programs that promote affordable housing and community development, historic preservation, and renewable energy production.

The Tennessee Housing Development Council has released a list of preliminary changes proposed for the 2012 qualified allocation plan.

The House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee approved five bills designed to constrain Fannie Mae and Freddie Mac and hasten their departure from the mortgage market.

The National Housing & Rehabilitation Association’s, together with NH&RA’s Historic Preservation Development Council (HPDC) and Council for Energy Friendly Affordable Housing (CEFAH), sent a letter recently to the National Park Service commenting on its recently issued Illustrated Guidelines on Sustainability for Rehabilitation Historic Buildings.

As you are all no doubt aware, it seems very likely that the Congress will not meet its deadline to pass a continuing resolution to fund the Federal Government. Congress still has until midnight tonight (April 8, 2011) to pass appropriations legislation. In the event that the government does shutdown, HUD’s activities will be severely constrained….

As part of NCAHMA’s ongoing service to its membership, we have compiled the following summary report of NCAHMA’s recent committee activity.

NH&RA’s Council for Energy Friendly Affordable Housing recently authored a new white paper suggesting way to improve how utility allowances are calculated for energy efficient LIHTC and HUD-assisted multifamily housing.

Both houses of Congress and the White House are reportedly considering varying forms of legislation that could, among other things, extend expiring tax credits provisions.

Key Senate and House legislators are reported to be negotiating an omnibus spending measure.

In yet another “wave” election, the Democratic Party has been swept out of the US House of Representatives as Congressional Republicans picked up approximately 60 seats (at time of press some final results are still in questions). The Democratic Party still maintains a majority in the US Senate. NH&RA will be providing additional coverage on the leadership and priorities of the next Congress in the upcoming weeks.

On Monday, September 27, President Obama signed the Small Business Jobs Act of 2010 into law. The legislation passed the House by a 237 to 187 vote; the Senate version of the bill was passed the previous week.

NH&RA is pleased to offer the PowerPoint slide presentations for sessions exhibited during the 2010 Fall Developers Forum, October 18 & 19 in Boston, Mass.