News on COVID-19

Wyden’s Affordable Housing Priorities, Updated ACTION Facts Sheets & a Sign-on Letter from Mayors

We hope everyone had an enjoyable Memorial Day weekend.  It is certainly a surreal time as we continue to function and cope with this pandemic and the terrible toll it is taking on almost every aspect of our lives.  Bob and I have often counseled how important it is to work through the noise and […]

Wyden Outlines Affordable Housing Priorities For Next COVID-19 Relief Package

Wyden Outlines Affordable Housing Priorities For Next COVID-19 Relief Package Senate Finance Committee Ranking Member Ron Wyden, D-Ore., outlined policies to preserve and expand affordable housing that he will push to include in the next COVID-19 relief bill.  These priorities include: Suspending “red tape” compliance for 12 months so LIHTC projects can continue Expanding LIHTC incentives for new […]

Addressing the proposed rule making for the CRA

The Housing Advisory Group joined the working group organized by the Affordable Housing Tax Credit Coalition to address the proposed rule making for the Community Reinvestment Act by the OCC and FDIC.  As we pointed out in our update yesterday, the FDIC did not join the OCC in releasing the final rule for the CRA. […]

OCC Releases CRA Reform Rules

We want to make you aware that the OCC, quite expeditiously, has released its final rules reforming the Community Reinvestment Act (CRA).  We say expeditiously because the comment period ended only 29 business days ago and the OCC and FDIC received over 7,500 comment letters which they were required to review before issuing the final […]

House Dems Introduce $3 Trillion COVID-19 Relief Legislation

On May 12, 2020, House Democrats rolled out a major COVID-19 relief package providing additional emergency assistance to address health and economic issues related to the pandemic. The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act provides $3 trillion in assistance, including direct aid to state and local governments, another round of direct payments […]

Important Capitol Hill Correspondence Benefiting the Affordable Housing Community

We continue to plug away at legislation that will benefit the affordable housing community. In conjunction with those efforts please see the attached two correspondence to Capitol Hill. The ACTION Campaign has sent a letter to leadership requesting their support for our LIHTC agenda in the next emergency funding package. We encourage all HAG members to […]

HAG’s COVID-19 Resource Center, ACTION Letter & Regulatory Updates

HAG COVID-19 Resources and Updates The HAG’s website includes a dedicated COVID-19 resources and updates page which offers information about ongoing federal legislative and regulatory efforts related to the affordable housing community. ACTION Campaign Letter to Congressional Leadership on Housing Credit Priorities for COVID-19 Relief As Congress prepares for the next COVID-19 relief package, the ACTION Campaign […]

Congress passes fourth bipartisan emergency relief package

Congress has passed a fourth bipartisan emergency package to provide additional funding for health and economic needs associated with the COVID-19 crisis. The Senate passed the Paycheck Protection Program and Health Care Enhancement Act (also known as COVID 3.5) on April 21 by a voice vote, and the House passed the bill on April 23 […]

IRS Regulatory Relief Available During COVID-19 Pandemic

IRS Regulatory Relief Available During COVID-19 Pandemic Earlier this month, Ways and Means Chairman Richard Neal (D-MA) and our lead AHCIA sponsor, Representative Suzan DelBene (D-WA) sent a letter to Treasury Secretary Steve Mnuchin encouraging him and the Internal Revenue Service to extend a number of LIHTC related regulatory deadlines during the COVID-19 pandemic.  We […]

IRS issues instructions for tapping business tax breaks via fax

Fax Form 1139 and Form 1045 to claim quick refunds of the credit for prior year minimum tax liability of corporations and net operating loss deductions.  In response to the COVID-19 Pandemic and solely to implement the following provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), until further notice, the IRS […]

House LIHTC champions ask Congress to enact a minimum 4 percent Housing Credit rate in the next COVID-19 response package

We wanted to share with you a letter from our House LIHTC champions to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) regarding the impact of the COVID-19 pandemic on affordable housing. Noting that the pandemic has caused significant disruptions in the affordable housing industry’s ability to operate, build and preserve affordable housing, Reps. […]

Key Regulatory Updates from IRS, HUD & ULI

New IRS rule on amended returns can affect LIHTC partnerships Nixon Peabody issued a Community Development Finance Alert by Forrest David Milder which discusses housing partnerships, the coronavirus and late-filed 8609s (what you need to know about claiming the LIHTC as soon as possible). Read the alert. Multifamily Housing COVID-19 Guidance from HUD HUD’s Federal Housing Administration (FHA) “Office of […]

Key Regulatory Updates from IRS & HUD

Fax Form 1139 and Form 1045 to Claim Quick Refunds of the Credit for Prior Year Minimum Tax Liability of Corporations and Net Operating Loss Deductions In response to the COVID-19 Pandemic and to implement the following provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the IRS is implementing the temporary […]

Chairman Neal & Rep. DelBene Send Letter to Treasury Secretary Mnuchin requesting extension of LIHTC related regulatory deadlines

Whether you are celebrating Easter, Passover or just time with your family, we hope you had an enjoyable weekend. Please read this letter from Ways and Means Chairman Richard Neal (D-MA) and our lead AHCIA sponsor, Representative Suzan DelBene (D-WA), to Treasury Secretary Steve Mnuchin encouraging him and the Internal Revenue Service to extend a number […]

Important regulatory updates from ACTION Campaign, Financial Services Committee & NLHA

Housing Credit Proposals for COVID-19 Relief The ACTION Campaign and partners have developed a list of Housing Credit proposals for COVID-19 relief. HAG, as a member of the ACTION Steering Committee and Legislative subcommittee, was instrumental in devising this proposal. We will be working closely with our Hill champions to advance these proposals in future […]

Housing Advisory Group Executive Committee Submits Comments on Proposed CRA Reform

Last week the Housing Advisory Group Executive Committee submitted the statement below to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporations (FDIC) in response to their proposed changes to the Community Reinvestment Act (CRA), specifically in regard to the Low Income Housing Tax Credit (Housing Credit). To protect the Housing Credit […]

Regulatory Updates from Nixon Peabody LLP & The Small Business Administration (SBA)

Nixon Peabody summarizes HUD’s Updated FAQ which provides additional details on COVID-related guidance, including property management, asset management, FHA, tenant notice, and recertification issues The Department of Housing and Urban Development’s (HUD’s) Office of Multifamily Housing today provided a further update to its FAQs relating to issues being created across HUD projects and programs by […]

COVID-19 Resources from the Financial Services Committee & Novogradac & Company LLP

Financial Services Committee Releases Answers to Frequently Asked Questions about the CARES Act The House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), released a document with answers to frequently asked questions regarding financial services provisions in H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (CARES Act), legislation that was passed into law to […]

HAG/AHTCC postpone Affordable Housing Forum due to COVID-19 concerns

HAG and AHTCC Members, Given the ongoing health concerns and restrictions on travel and gatherings, we will be postponing the June 10 Affordable Housing Forum jointly sponsored by the AHTCC and HAG. We hope that by holding it later in the year, we will be able to hold a safer and more impactful event. Please […]

Key Regulatory Update from NCSHA, Tidwell Group & IRS

Our colleagues at NCSHA have been in discussions with the Internal Revenue Service concerning regulatory issues affecting the affordable housing industry stemming from the COVID19 crisis.  Below is some good news they received which we are passing along to you.  We continue to work on these and other issues and will keep you informed as […]

Waters Releases Extended Statement for the Record on the CARES Act

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released an extended statement for the record on H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The statement provides guidance to the Trump Administration on congressional intent behind the law, and serves to fill out the congressional record in […]

Affordable Housing & the COVID-19 Stimulus Package

These last few weeks have been challenging for lawmakers and their staff who have worked night and day under extraordinary circumstances to craft a third package of provisions to address the COVID-19 crisis. This $2 trillion emergency bill passed the Senate on March 25th by a vote of 96-0, and the House is expected to […]

IRS released filing and payment deadline Q&A

The Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency. Learn more.

Nixon Peabody offers COVID-19 guidance for owners and managers of multifamily & Fannie, Freddie Offer Multifamily Mortgage Forbearance Forbidding Evictions

Nixon Peabody Gives COVID-19 guidance for owners and managers of multifamily residential properties Nixon Peabody provides an update for owners, managers and other providers of multifamily housing facing challenges in responding to the COVID-19 virus, including just-released guidance from the CDC. Click here. FHFA Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties To keep […]

HUD updates FAQs & Treasury delays tax filing deadline to July 15

HUD issues updates to FAQs for owners of multifamily assisted housing on dealing with COVID-19 and legal guidance for closing transactions Announced moratorium on evictions and foreclosures is limited to single-family housing and does not affect multifamily properties. HUD has updated previously released FAQs, providing additional guidance for owners and managers of HUD-insured and HUD-assisted […]

Recommendations to Congress in Response to COVID-19 & Other Important Updates

Recommendations to Congress for COVID-19 Relief Package Related to the Low-Income Housing Tax Credit Given the significant impact of the current COVID-19 crisis on the ability develop to build and preserve affordable housing, the ACTION Campaign has provided recommendations to Congress that will help to mitigate negative effects and allow us to continue to build […]

COVID-19 and its impact on the affordable housing community

The COVID-19 crisis has raised many questions and concerns about its impact on the affordable housing community. We wanted to give you a quick update on ongoing federal legislative and regulatory efforts to address potential issues and problems. On the legislative side; following action on two relief/response packages, Congress and the White House expect to […]

HAG Update: 4 percent credit rate bill, AHCIA, CRA & more

As Congress returns from its Presidents’ Day work period, we want to take this opportunity to update you on developments of interest to the affordable housing community. We appreciate the leadership of our House and Senate champions to look for opportunities to discuss the affordable housing crisis and advocate for additional resources to address it. […]

Update on LIHTC, infrastructure and what the year might hold for affordable housing legislation

On Tuesday, January 28th, HAG Executive Director David Gasson joined Ways and Means Chief Tax Counsel Andrew Grossman at a forum sponsored by CHAPA at the Boston Federal Reserve Bank to discuss the LIHTC, infrastructure and what the year might hold for affordable housing legislation. On January 29, 2020, House Democrats released a framework for […]

Save the Date for the 2020 HAG Legislative Forum

The Housing Advisory Group’s Annual Affordable Housing Congressional Forum and legislative reception will take place on Wednesday, June 10th in Washington, D.C. This year’s forum will be jointly sponsored by the Housing Advisory Group and the Affordable Housing Tax Credit Coalition. The Congressional Forum will provide our members and guests with insight into the critical […]

Tax Legislation Passes without AHCIA Provisions

On December 20, the government again faces another deadline to fund the government and avoid a shutdown. We had hoped this “must pass” spending legislation would provide an opportunity to move our affordable housing legislation, and were optimistic when negotiators agreed to include the minimum 4% LIHTC in the tax title of the spending bill. […]

Pre-Thanksgiving AHCIA update & request for advocacy

We want to update you on H.R. 3077 and S. 1703, the Affordable Housing Credit Improvement Act (AHCIA). As you know, with your critical help, we have been working hard to add cosponsors to this important legislation and to encourage Members of Congress to enact it this year. As of this update we have 35 […]

AHCIA: A critical time for advocacy!

We often talk about the fact that our industry has a history of moving mountains and achieving amazing results for affordable housing. Year after year, we succeed in educating and advocating for the LIHTC and the results speak for themselves; a successful program, increased allocations and strong support among policy makers joining us in addressing [...]

An update on the AHCIA & what’s ahead

As Congress adjourns for a two week recess, we want to update you on the Affordable Housing Credit Improvement Act (S. 1703 and H.R. 3077), and encourage you to follow up with your elected officials while they are back home to urge them to support the legislation. We appreciate all the hard work you have […]

AHCIA Sponsorship Update with Congress & Key Staff Contacts

Now that Congress is back in session after the summer recess, we are looking for assistance from our HAG members to push for additional cosponsors and increase advocacy in your districts. Please ask your elected officials to cosponsor the Affordable Housing Credit Improvement Act of 2019 (H.R. 3077 and S. 1703). To help address the […]

McIver, Pearl, Roope and VanAmerongen Join Housing Advisory Group’s Executive Committee

The Housing Advisory Group (HAG) is pleased to announce the appointments of Diana McIver, Ray Pearl, Caleb Roope and Deborah VanAmerongen to its Executive Committee. The HAG is led by Chairman Bob Moss of Cohn Reznick and Executive Director David Gasson of Boston Capital. McIver, Pearl, Roope and VanAmerongen join housing leaders Laura Burns of […]

AHCIA Sponsorship Update – August 20th

AHCIA Sponsorship Update Since the Affordable Housing Credit Improvement Act of 2019 was introduced on June 4th, advocates have been working hard to garner support for the legislation. To help address the nation-wide affordable housing crisis, there is a critical need for passage of this bipartisan legislation. We encourage you, our members, to push for additional […]

AHCIA Sponsorship Update – July 30th

AHCIA Sponsorship Update Since the Affordable Housing Credit Improvement Act of 2019 was introduced on June 4th, advocates have been working hard to garner support for the legislation. To help address the nation-wide affordable housing crisis, there is a critical need for passage of this bipartisan legislation. We encourage you, our members, to push for additional […]

Affordable Housing Finance Blog & AHCIA Sponsorship Update

AHCIA Sponsorship Update Since the Affordable Housing Credit Improvement Act of 2019 was introduced on June 4th, advocates have been working hard to garner support for the legislation. Affordable Housing Finance just published a blog by Housing Advisory Group Executive Director David Gasson entitled Advocacy Critical to Expansion of LIHTC Program, which highlights the critical […]

Recap of the 2019 HAG Congressional Forum

The Housing Advisory Group (HAG) held its annual Congressional Forum in Washington D.C. on June 4, 2019. There was an excellent turnout with members representing every aspect of the affordable housing community. Prior to the Forum, HAG members attended a legislative breakfast and then made over 50 visits to Hill offices to discuss the new […]

Affordable Housing Credit Improvement Act Reintroduced

It was great to see so many of you at the Housing Advisory Group Washington Congressional Forum. We will be sending you a report on the Forum highlights, but first wanted to let you know of the great news that the Affordable Housing Credit Improvement Act of 2019 was introduced on June 4th. The legislation […]

The Loss Of Our Friend Dan Markson

On May 4th, we lost a major housing champion and a friend to us all, Dan Markson. Dan was Executive Vice President of Development for The NRP Group and co-founder of their Texas office. He as a tireless advocate for affordable housing serving in many capacities on behalf of the National Association of Home Builders, […]

IRS Revenue Procedure on General Public Use

As many of you are aware, one of the issues we have been working to resolve to facilitate affordable housing production is an omission that occurred back in 2008 with the Housing and Economic Recovery Act (HERA) regarding General Public Use. Upon passage of HERA, Code section 42 provided that a project does not violate […]

Affordable Housing Update & Looking Ahead

After a slow start primarily due to the partial government shutdown, Congress is now moving forward with more deliberation. Committees are conducting hearings and Members of Congress are prioritizing their legislative agendas. In that regard, there are a number of developments in the affordable housing space that we want to share with you. We are […]

IMPORTANT DATE CHANGE: 2019 HAG Annual Meeting

IMPORTANT DATE CHANGE Due to a change in the House calendar, we are moving the 2019 HAG Affordable Housing Congressional Forum to June 4, 2019 (previously scheduled for June 5, 2019). We ask that you please save the new date. We expect to open registration for the event in mid-March and will email you with […]

The latest from Washington and a look ahead to 2019

What looked to be a gentle trip to the end of the 115th Congress turned into a roller coaster ride when House Republicans derailed an agreement forged by congressional leaders to keep the federal government operating through February 8, 2019. The Senate passed the short-term funding bill on December 19th but the legislation bogged down […]

Giving Thanks

As we approach the Thanksgiving Holiday, with the mid-term elections in our rear view mirror, we believe this is a good time to acknowledge and thank those who have made the 115th Congress and 2018 a great success for affordable housing. Yes, we are not quite done with this Congress and we are hopeful to […]

The Day After

The dust has yet to settle on the 2018 mid-term elections, and in fact there are still a number of House and Senate races that have yet to be called. Nonetheless, we know that the Senate will remain in Republican control and the House will be controlled by the Democrats. We also know we have a lot of work to do to educate the many new Members of Congress about our affordable housing legislative agenda.

A Message for our HAG Members

We are non-partisan advocates for affordable housing and proud members of the #HousingParty.

GAO Report on Housing Credit Development Cost

On September 18, 2018, the Government Accountability Office (GAO) released the final study in a series of reports on the Low Income Housing Tax Credit (LIHTC) program. The study, “Low-Income Housing Tax Credit: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management,” examines: • development costs for selected LIHTC properties and factors […]

Sen. Wyden Introduces Housing Affordability Bills

We wanted to bring to your attention legislation (S. 3365) introduced on August 22nd by Senate Finance Committee Ranking Member Ron Wyden (D-OR) creating a new tax credit for the development of rental housing affordable to Americans with moderate incomes. You also may be interested in a second bill (S. 3364) introduced by Senator Wyden […]

Young, Cantwell, King and Bipartisan Senators Introduce Bill to Create Affordable Housing Task Force

As part of our strategy to secure more affordable housing resources, we would like to point your attention to the press release below from Senator Todd Young (R-IN). The Task Force on the Impact of the Affordable Housing Crisis Act is a bi-partisan effort to address the causes and potential remedies to our national affordable […]

Recap: 2018 Affordable Housing Congressional Forum

As we celebrate our 25th Anniversary, the Housing Advisory Group (HAG) held its annual Congressional Forum in Washington D.C. on June 13, 2018. The HAG was founded in 1993 during the deliberations over making the Low-Income Housing Tax Credit a permanent part of the Internal Revenue Code. We are confident our founding members, visionaries all, […]

Important update on Omnibus package

The final Omnibus bill has yet to be voted on in the House and Senate but we feel comfortable reporting that the tax title will include an increase in the LIHTC allocation. We are so very appreciative of the tireless efforts of Senator Cantwell and her staff for this success. This outcome is also due […]

Immediate Action Needed

Calling all HAG members, friends and associates. We need immediate outreach directly between Members of Congress and Speaker Ryan. This is member-to-member contact only as staff is largely frozen out of the process now. We believe we are close to getting some/all of the Cantwell Hatch language included in the omnibus bill and Speaker Ryan […]

Legislative update, next steps & continued outreach needed

After another brief government shutdown in the middle of the night, Congress passed a massive budget deal early this morning that funds the government through March 23, 2018, suspends the debt limit through March 1, 2019, lifts budget caps for defense and non-defense spending for fiscal years 2018 and 2019, includes a robust disaster aid […]

Affordable housing industry update and next steps

The recent government shutdown and the potential for another in just a few weeks have left many wondering whether Members of Congress can accomplish much, if anything, before turning their focus to the November elections. While that may turn out to be the case, we are not leaving anything to chance. We are working hard […]

2018 HAG Annual Meeting – Save the Date!

The Housing Advisory Group’s (HAG) Annual Affordable Housing Congressional Forum will take place on Wednesday, June 13th…

Congress Passes Final Tax Reform Bill; Highlights of the Bill Relevant to Affordable Housing

Today, after some procedural glitches that required the House to vote on it twice, Congress passed the massive tax cut bill that President Trump called “a big, beautiful Christmas present.” H.R. 1 passed the Senate by a vote of 51-48 and then the House by a vote of 224-201 – without a single Democratic vote. […]

Update on the GOP tax bill and next steps

Conferees have been working over the past two weeks to reconcile the differences between the House and Senate tax bills, and it appears a deal has been struck.  While no official “paper” has been released by the conferees, a number of details regarding the deal are circulating – including some of keen interest to our […]

Advocacy Needed! Ask your Senators & Reps to contact conferees about affordable housing

November 16 was a monumental day for Republican tax reform advocates with the House of Representatives passing its tax reform bill and the Senate Finance Committee reporting its tax reform package.  H.R. 1, the Tax Cuts and Jobs Act, passed the House by a vote of 227-205, with 13 Republicans voting against the bill. The […]

House passes tax reform bill, Senate Finance releases its version & what’s ahead

November 16 was a monumental day for Republican tax reform advocates with the House of Representatives passing its tax reform bill and the Senate Finance Committee reporting its tax reform package.  H.R. 1, the Tax Cuts and Jobs Act, passed the House by a vote of 227-205, with 13 Republicans voting against the bill. The […]

The Time is NOW to Advocate on Behalf of #LIHTC and #HousingBonds

The Housing Advisory Group and our colleagues in the industry are asking our memberships to immediately reach out to your…

Recap: House & Senate Tax Reform Bills and What’s Ahead

This week, Congress kicked into high gear its effort to overhaul the tax code.  Yesterday (November 9), the House Ways and Means Committee completed its work on H.R. 1, the Tax Cuts and Jobs Act, and last night, Senate Finance Committee Chairman Orrin Hatch (R-UT) released his initial tax reform mark teeing it up for consideration by the Finance Committee […]

Tax Reform Legislation & its Impact on Affordable Housing

On Thursday, Speaker Paul Ryan (R-WI) and House Ways and Means Committee Chairman Kevin Brady (R-TX) unveiled their long-awaited tax reform plan.  H.R. 1, the Tax Cuts and Jobs Act, delivers substantial tax cuts, including a significant reduction in the top corporate income tax rate.  To offset the cost of the cuts, many current tax incentives are eliminated or substantially modified in the […]

Tax Reform Update: Here We Go

So if all goes as planned and advertised, this will be the week that our industry and industries across the economic spectrum see what Ways and Means Chairman Kevin Brady (R-TX) has in mind for tax reform.  With the passage (51-49) of the Senate approved FY2108 budget in the House last week (216-212) by the […]

House LIHTC champion Congressman Pat Tiberi (R-OH) will be leaving Congress

We wanted to share with you the recent news that our House LIHTC champion Congressman Pat Tiberi (R-OH) will be leaving Congress sometime before January 31, 2018, to lead the Ohio Business Roundtable and to spend more time at home in Ohio with his family. Rep. Tiberi has been a strong and effective leader in Congress and […]

GOP tax reform framework retains LIHTC

Today the White House and top GOP leaders released their tax reform outline entitled “Unified Framework for Fixing Our Broken Tax Code.” We are very pleased that the framework includes the Low Income Housing Tax Credit (LIHTC) as one of two credits (R&D) maintained in the tax code.  This is a testament to all the work the […]

Harvey Relief, Debt Ceiling and Continuing Resolution Update

As we suggested during the August Congressional recess, September was setting up to be a month of tumult in Washington, DC and thus far, our prediction is proving true. Reacting as expected to the devastation in Texas from Hurricane Harvey, the House voted earlier today to approve a relief package of almost $8 billion with a […]

Senate Finance Committee Hearing Recap

As Congress leaves for the August break, we wanted to bring to your attention a very positive Senate Finance Committee hearing regarding solutions for addressing the affordable housing crisis.  The August 1st hearing was held at the request of our Senate LIHTC champion Maria Cantwell (D-WA), who, along with Finance Committee Chairman Orrin Hatch (R-UT) […]

Important Senate Finance Committee Hearing Happening Tomorrow

Good afternoon.  We wanted to make you aware of a significant hearing in the Senate Finance Committee that will take place tomorrow, Tuesday August 1,  at 10:00 a.m. EST entitled America’s Affordable Housing Crisis: Challenges and Solutions.   In convening the hearing, Finance Committee Chairman Orrin Hatch (R-UT) hopes to shine a light on the growing affordability […]

A recap of the 2017 Housing Advisory Group Congressional Forum

The Housing Advisory Group (HAG) held its annual Congressional Forum in Washington D.C. on June 7, 2017.  We are very appreciative of the record turnout with attendees from across the country representing every aspect of the affordable housing community convening in Washington.  HAG Chairman Bob Moss opened the Forum by welcoming all the participants and […]

Legislative Update on Tax Reform, LIHTC & Affordable Housing

We are less than one month into the new Administration and the new Congress, and the pace is brisk. Republicans, in control of both the Congress and the Executive Branch, are pushing for early opportunities to move their initiatives. Last week, House and Senate Republicans gathered in Philadelphia to discuss their legislative priorities for 2017. […]

House Ways and Means Republicans…

In a very positive development, we understand a majority of House Republicans on the House Ways and Means Committee expressed…

Advocacy needed on behalf of LIHTC…

We are almost a week removed from the election and thus have had time to catch up with congressional staff and colleagues…

Affordable housing industry must solidify…

It will take some time for the dust to settle around what by all accounts is a stunning victory for President-elect Donald J. Trump and…

Cantwell, Hatch Introduce New Legislation…

Continuing their efforts to increase the supply and availability of affordable housing resources throughout the country, Senator Maria…

Cantwell, Hatch Introduce Bill to…

We are very excited that Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) have…

Sign on to Support an Expansion of the…

Working off the momentum we have gained after securing the fixed 9% LIHTC, the A Call To Invest in Our Neighborhoods (ACTION)…

Legislative Update: 9% minimum LIHTC made permanent in tax extenders bill

Late Wednesday evening, after many rounds of intense negotiations between the House and Senate, the eagerly-awaited details of the legislative package addressing expired tax code provisions were made public.

House & Senate pass combined spending bills; LIHTC 9% minimum credit rate made permanent

We wanted to let you know the House and Senate have passed what is now being dubbed the “Taxibus,” the combined tax and omnibus spending bills.

2-year tax extenders package includes 9% fixed LIHTC for 2015 & 2016

As we indicated might happen, negotiations on a larger extenders package (that would include some permanent provisions) are proving difficult.