Tag: affordable housing
House Ways and Means Committee members Pat Tiberi (R-Ohio) and Richard Neal (D-Mass.) today introduced the Affordable Housing Credit Improvement Act, legislation that contains a number of changes to enhance the effectiveness of the Low Income Housing Tax Credit (LIHTC).
Sen. Maria Cantwell (D-Wash.) and Senate Finance Committee Chair Orrin Hatch (R-Utah) on March 7 introduced the Affordable Housing Credit Improvement Act to strengthen and expand the Low Income Housing Tax Credit.
The nation’s home builders today commended Senate passage of the Housing Opportunity Through Modernization Act of 2016, legislation that includes many NAHB-supported bipartisan fixes to HUD programs.
Shortly after midnight, the House and Senate tax writing committees released the text to a bipartisan agreement on tax extenders. The 2016 Omnibus also showed HOME receiving $950 million, $50 million more than fiscal 2015 appropriations. After threats to significantly cut the program in the Senate, NAHB worked with members of Congress to ensure that HOME stayed intact.
NAHB today urged Congress to pass legislation that would help streamline programs to help low-income home buyers and renters.
“The Housing Opportunity Through Modernization Act of 2015 (H.R. 3700) includes many NAHB-supported bipartisan fixes to HUD programs, specifically regarding Section 8, FHA and rural housing,” NAHB Immediate Past Chairman Kevin Kelly testified at a hearing before the House Financial Services Committee’s Housing and Insurance Subcommittee.
NAHB Past Chairman Kevin Kelly will testify next week in support of federal legislation to help streamline programs to help low-income home buyers and renters. Introduced by Rep. Blaine Luetkemeyer (R. Mo.), HR 3700, the Housing Opportunity through Modernization Act of 2015 includes many NAHB-supported bipartisan fixes to HUD programs, specifically regarding Section 8, FHA and rural housing.
On the surface, inclusionary zoning programs seem like quick-and-easy fixes to the widespread shortages in affordable housing. But credentialed research compiled by NAHB illustrates that inclusionary zoning is not a simple, one-size-fits-all strategy.
Creditworthy borrowers with moderate to low incomes will be able to purchase a home with a downpayment as low as 3% through Fannie Mae’s newly announced HomeReady™ mortgage program.
New energy-efficiency requirements go into effect this summer for new homes insured through federal affordable housing programs, and most construction already complies.
A new study of California affordable housing developments provides important findings concerning the role and benefits of the Low-Income Housing Tax Credit (LIHTC). The affordable housing credit ensures a supply of equity financing for the development of needed rental housing.