Federal

UPDATE: HR 4213 Gains 60 Votes Support BUT Does Not Include Housing Provisions

Robert Dhondrup — Tue, 20 Jul 2010 12:12:34 -0700

(Updated Information July 20, 2010) The Senate is now on the verge of passing H.R. 4213, which among its many provisions had once included $1B in funding for the National Housing Trust Fund (NHTF) and the extension of the 9 percent Low Income Housing Tax Credit (LIHTC) exchange program.

Both provisions are now NOT part of the final legislation being voted upon today in the Senate. According to our advocates in Washington DC, we are hoping to see the Senate reconsider adding these provisions within another bill next week.

Updated Information on the Community Reinvestment Act (CRA)

Robert Dhondrup — Thu, 15 Jul 2010 17:23:43 -0700

Updated information on the Community Reinvestment Act (CRA)

CRA Hearing Dates Announced for Los Angeles, CA. Public Comments Sought (updated July 15, 2010)

Thank You Senator's Barbara Boxer and Dianne Feinstein!

Robert Dhondrup — Thu, 27 May 2010 13:10:05 -0700

Thank You! US Senators Barbara Boxer and Dianne Feinstein for co-signing S. 3326

HUD Secretary Donovan Pledges to Keep the "Federal Government Back in the Business of Affordable Rental Housing"

Robert Dhondrup — Wed, 21 Apr 2010 15:41:08 -0700

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Senate Stalls On HR 4213

Robert Dhondrup — Thu, 08 Jul 2010 14:17:18 -0700

(from A.C.T.I.O.N) The Senate failed in its efforts to advance H.R. 4213, which among its many provisions included the extension of the 9 percent Low Income Housing Tax Credit (LIHTC) exchange program, the GO Zone LIHTC placed in service deadline, the LIHTC exchange program to apply to disaster LIHTC, and the New Markets Tax Credit (NMTC) program and allowing the NMTC to be taken against alternative minimum tax.

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Capitol Watch: Prospects Dim for Action on Extender Bill Before Fourth of July Recess

Robert Dhondrup — Thu, 01 Jul 2010 13:33:45 -0700

(UPDATE) Senate leaders introduced another pared-down version of H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010 (the extender bill), on Thursday, June 24. Funding for the National Housing Trust Fund and the several Low Income Housing Tax Credit provisions remained in the bill. Unfortunately, another cloture vote on June 24 failed 57-41, signaling that even the new version would not attract the 60 votes required to move the bill forward. Most likely the bill will not be taken up again until after the July 4 recess.

Capitol Watch: Still Waiting...

Robert Dhondrup — Mon, 21 Jun 2010 10:30:46 -0700
(from Memo to Members from the National Low Income Housing Coalition) After another week of "slimming" and trimming H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010, the Senate leadership still had not garnered the 60 votes needed to pass the bill by week's end. After reducing the cost of the overall bill, Majority Leader Harry Reid (D-NV) called for a cloture vote on Thursday, June 17. The vote failed 56-40. As business closed on Friday, the Senate passed a short-term fix to prevent cuts to Medicare payments to doctors as a stand-alone bill.
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HUD releases notice on it's 2010 grant making priorities

Robert Dhondrup — Mon, 07 Jun 2010 13:43:27 -0700
A notice has been released by HUD on their 2010 grant making priorities, aligning their grant making with priorities set forth in HUD's strategic plan. Attached is a copy of the Notice of HUD's Fiscal Year (FY) 2010 Notice of Funding Availability (NOFA) Policy Requirements and General Section to HUD's FY2010 NOFAs for Discretionary Programs.

NEW: SCANPH Policy Briefs on LIHTCs and Federal Policy Updates

Robert Dhondrup — Fri, 04 Jun 2010 12:21:41 -0700

SCANPH now provides the following new Policy Briefs on Low Income Housing Tax Credits (LIHTC) Fact Sheet and Federal Policy Snapshot for June 3, 2010.

LOW INCOME HOUSING TAX CREDITS (LIHTC)
The Low Income Housing Tax Credits (LIHTC) Program is based on Section 42 of the Internal Revenue Code, which was enacted by Congress in 1986 to provide the private market with an incentive to invest in affordable rental housing. The program is an indirect Federal subsidy used to finance the development of affordable rental housing for low-income households.
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5/28 Update: National Housing Trust Fund Passes House Vote Today

Robert Dhondrup — Fri, 28 May 2010 13:41:24 -0700
(from the National Low Income Housing Coalition) Today, the U.S. House of Representatives passed a bill (H.R. 4213) that includes $1.065 billion for the National Housing Trust Fund. This was a hard fought victory that was only possible because you made sure that Members of the House knew how important the National Housing Trust Fund is to your communities. Thank you.

Here is the Ways and Means Committee summary of the National Housing Trust Fund provision:

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