May 23rd, 2014
Legislation designed to create permanent floors for both 9 percent and 4 percent allocated Housing Credits has now been introduced in both the Senate and the House. The House bill, introduced by Congressmen Tiberi (R-OH) and Neall (D-MA), is H.R. 4717 and currently has 45 cosponsors (24 Republicans and 21 Democrats). The Senate bill, introduced [...]
May 22nd, 2014
On Thursday, May 22, 2014 Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) released a media release indicating they will introduce legislation which will create a permanent Credit floor for both 9 percent and 4 percent allocated Housing Credits. AHTCC expects the bill to drop later today and that it will include approximately 23 original [...]
April 7th, 2014
On April 3, the Senate Finance Committee approved the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act of 2014, which would extend dozens of expired and expiring tax provisions.
February 26th, 2014
The Affordable Housing Tax Credit Coalition is pleased to see that House Ways and Means Committee Chairman Dave Camp (R-MI) has retained the Low Income Housing Tax Credit (Housing Credit) program in the tax reform discussion draft released today, February 26th.
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 [...]