August 2nd, 2013
Yesterday, August 1, 2013, Senator Maria Cantwell (D-WA) introduced legislation to permanently extend the 9 percent Credit floor and create a 4 percent Credit floor for allocated Credits. The bill is identical substantively to the legislation AHTCC and other industry groups advocated for last year which resulted in a temporary extension of the 9 percent [...]
July 30th, 2013
On July 25, 2013 Senators Maria Cantwell (D-WA) and John Barrasso (R-WY) introduced S. 1352 the Native American Housing Assistance and Self-Determination Reauthorization Act of 2013. The bill currently enjoys 8 cosponsors including: Mark Begich (D-AK), Al Franken (D-MN), Heidi Heitkamp (D-ND), Mazie Hirono (D-HI), Tim Johnson (D-SD), Brian Schatz (D-HI), Jon Tester (D-MT) and [...]
April 15th, 2013
As previously reported, the House Committee on Ways and Means is currently considering ways to reform the Internal Revenue Code. As part of this effort, the Committee has created 11 tax reform working groups which will each review specific portions of the Tax Code. The Working Groups provided an opportunity for the general public to [...]
March 28th, 2013
On February 25, 2013 the Bipartisan Policy Center published a new report entitled Housing America’s Future: New Directions for National Policy.
January 3rd, 2013
Late Tuesday night, the House passed the previously Senate-passed bill designed to avert the fiscal cliff and put off drastic automatic spending cuts.
December 12th, 2012
In passing the Housing and Economic Recovery Act of 2008 (HERA), Congress asked the Government Accountability Office (GAO), the audit, evaluation and investigative arm of Congress, to analyze and report to Congress on the changes made by HERA by the end of 2012. On December 6, 2012, GAO released that report and it is publicly [...]
March 21st, 2012
On March 21, 2012, U.S. Department of Housing and Urban Development Secretary Shaun Donovan testified before the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies calling for expansions in the Housing Credit program calling the Housing Credit “the primary tool of the Federal Government for developing and rehabilitating affordable rental housing.” [...]
February 14th, 2012
On February 13, 2012 President Obama released his proposed 2012 budget. Included are 4 Low Income Housing Tax Credit provisions. Encourage Mixed Income Occupancy By Allowing LIHTC-Supported Projects to Elect a Criterion Employing a Restriction on Average Income: This proposal would allow developments to lease to residents earning up to 80% of area median income (AMI) [...]
December 14th, 2011
On December 14, 2011, Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) introduced H.R. 3661 a bill which would permanently extend the flat 9% Credit rate and create a flat 4% Credit rate for allocated Credits. The bill currently has 7 cosponsors including: Vern Buchanan (R-FL); Emmanuel Cleaver (D-MO); Joseph Crowley (D-NY), Jim Gerlach (R-PA); Bill Pascrell (D-NJ); Charles Rangel (D-NY); and Lee Terry (R-NE). Additionally, Senators Maria Cantwell (D-WA) and Olympia Snowe (R-ME) introduced S. 1989 which is the Senate version of the same legislation. The Senate version currently has 9 cosponsors including: Jeff Bingaman (D-NM); Scott Brown (R-MA); Benjamin Cardin (D-MD); Susan Collins (R-ME); Mike Crapo (R-ID); John Kerry (D-MA); Robert Menendez (D-NJ); Bill Nelson (D-FL); and Bernard Sanders (I-VT).
July 21st, 2011
Linked below is a rebuttal piece to Senator Tom Coburn’s (R-OK) proposal to eliminate the Low Income Housing Tax Credit, contained in his deficit reduction plan entitled “Back in Black”, released earlier this week. We strongly encourage industry organizations and companies to sign-on to this piece. A preliminary version has been distributed on the Hill. [...]