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Banking Agencies Propose Modifications to Commercial Real Estate Rule

Filed in Housing Finance by on September 18, 2018 0 Comments
Banking Agencies Propose Modifications to Commercial Real Estate Rule

Three banking agencies – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency – on Sept. 18 invited public comment on a proposed rule to modify the agencies’ capital rules for high volatility commercial real estate.

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Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

Filed in Economics, Trade by on September 18, 2018 1 Comment
Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

President Trump’s decision yesterday to escalate the trade conflict with China could wind up imposing a $2.5 billion tax increase on residential construction at time when builders are already grappling with higher housing costs.

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GAO Report on LIHTC Finds Wide Range in Median Construction Costs

Filed in Capitol Hill, Multifamily by on September 18, 2018 0 Comments
GAO Report on LIHTC Finds Wide Range in Median Construction Costs

The Government Accountability Office (GAO) today released its long-anticipated report on Low Income Housing Tax Credit (LIHTC) development costs. This is the third GAO report examining the LIHTC, stemming from a request by Senate Judiciary Chairman Chuck Grassley (R-Iowa) to examine the cost-efficiency and effectiveness of the housing tax credit.

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NAHB Supports Proposed Change to Joint Employer Standard

Filed in Codes and Regulations, Labor, Safety and Health by on September 13, 2018 0 Comments
NAHB Supports Proposed Change to Joint Employer Standard

The National Labor Relations Board (NLRB) will publish a notice of proposed rulemaking on Sept. 14 in the Federal Register inviting interested parties to submit comments on its proposed joint-employer standard. NAHB plans to submit detailed comments in support of this proposal.

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FHFA Proposes New Rulemaking on Uniform Mortgage-Backed Securities

Filed in Housing Finance by on September 12, 2018 0 Comments
FHFA Proposes New Rulemaking on Uniform Mortgage-Backed Securities

The Federal Housing Finance Agency (FHFA) announced it is issuing a proposed rule to require Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the prepayment rates of “To-Be-Announced” (TBA)-eligible mortgage-backed securities (MBS).

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Bipartisan Group of Senators Seek Fair Resolution of Lumber Trade Dispute

Filed in Capitol Hill, Trade by on September 12, 2018 1 Comment
Bipartisan Group of Senators Seek Fair Resolution of Lumber Trade Dispute

In an effort spearheaded by NAHB, a dozen Republican and Democratic members of the U.S. Senate on Sept. 11 sent a joint letter to the Trump administration calling on the U.S. to resume softwood lumber trade negotiations with Canada.

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House Republicans Introduce ‘Tax Reform 2.0’ bills

Filed in Capitol Hill, Tax Reform Toolkit by on September 11, 2018 0 Comments
House Republicans Introduce ‘Tax Reform 2.0’ bills

House Republicans yesterday unveiled their long-anticipated package of tax changes, which are intended to build on the enactment of last year’s Tax Cuts and Jobs Act. Known as Tax Reform 2.0, it is actually a package of three bills. The House Ways and Means Committee is expected to take up the bills quickly, possibly later this week.

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NAHB Responds to Trump Tariff Threat

Filed in Economics, Trade by on September 7, 2018 0 Comments
NAHB Responds to Trump Tariff Threat

NAHB urged caution after President Trump today threatened to impose tariffs on $267 billion worth of Chinese imports that would be in addition $200 billion in duties on Chinese goods that the administration is already considering.

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A 10-Year Anniversary Highlights Need for Housing Finance Reform

Filed in Housing Finance, Leadership by on September 6, 2018 0 Comments
A 10-Year Anniversary Highlights Need for Housing Finance Reform

With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.

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NAHB Study on Multifamily Regulatory Burdens Spurs Capitol Hill Hearing

Filed in Capitol Hill, Codes and Regulations, Multifamily by on September 5, 2018 1 Comment
NAHB Study on Multifamily Regulatory Burdens Spurs Capitol Hill Hearing

A recent study by NAHB and the National Multifamily Housing Council that details how regulations account for 32% of the cost of developing new multifamily properties has caught the attention of Congress.

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