Tag: LIHTC

Understand Income Requirements with this Webinar

Filed in Education, Multifamily by on March 14, 2017 0 Comments
Understand Income Requirements with this Webinar

Low-income housing managment professionals sometimes don’t have the most current information about their tenants’ changing incomes, and those discrepancies can lead to their project being out of compliance with federal laws. Get help with this March 30 webinar.

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LIHTC Bill Increases Allocations, Fixes 4% Credit Rate

Filed in Capitol Hill, Housing Finance, Multifamily by on March 8, 2017 0 Comments
LIHTC Bill Increases Allocations, Fixes 4% Credit Rate

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.

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Ways and Means Republicans Vote to Support LIHTC

Filed in Capitol Hill by on December 16, 2016 0 Comments

House Republicans on the Ways and Means Committee agreed to keep the Low Income Housing Tax Credit as part of efforts to revamp the tax code and lower the corporate tax rate in the coming year.

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Brady Explains How to Keep Housing Affordable

Filed in Capitol Hill, Codes and Regulations, Multifamily by on October 24, 2016 1 Comment

Burdensome regulations add about 24% to the cost of housing, needlessly hiking the cost of homes for low- and middle-income families, Ed Brady told the Washington Post in a letter to the editor published Saturday.

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NAHB Commends Sen. Wyden’s New Middle-Income Housing Tax Credit

Filed in Capitol Hill, Multifamily by on September 22, 2016 0 Comments
NAHB Commends Sen. Wyden’s New Middle-Income Housing Tax Credit

NAHB today commended Sen. Ron Wyden (D-Ore.) for introducing the Middle-Income Housing Tax Credit Act of 2016. The legislation builds on the successful Low-Income Housing Tax Credit by creating a new tax credit to spur the development of rental homes affordable to Americans with moderate incomes.

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Cantwell-Hatch Bill Would Boost Low-Income Housing Tax Credit

Filed in Capitol Hill, Housing Finance, Multifamily by on July 15, 2016 0 Comments
Cantwell-Hatch Bill Would Boost Low-Income Housing Tax Credit

Before adjourning for the Senate’s summer recess, Sens. Maria Cantwell (D-Wash.) and Orrin Hatch (R-Utah) introduced the Affordable Housing Credit Improvement Act (S. 3237), legislation that contains a number of critical improvements to the Low Income Housing Tax Credit. Sen. Ron Wyden (D-Ore.) is a cosponsor of the bill.

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House GOP Tax Plan Would Impact Key Housing Tax Provisions

Filed in Capitol Hill, Multifamily by on June 24, 2016 3 Comments
House GOP Tax Plan Would Impact Key Housing Tax Provisions

House Speaker Paul Ryan and Ways and Means Committee Chairman Kevin Brady today unveiled the tax policy plank of a six-part House GOP policy agenda that would overhaul the tax code and affect important housing tax provisions.

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Bipartisan Policy Center: Seniors Need More Housing Choices

Bipartisan Policy Center: Seniors Need More Housing Choices

A new report from warns that the rapidly increasing population of older Americans is leading to an additional squeeze on housing supply and affordability. The report recommends 10 specific policy changes that Congress and the Administration must make to combat this growing threat.

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Will Cooper Sr. Honored for Advancing Affordable Homes

Filed in Awards, Councils & Committees, Multifamily by on June 21, 2016 0 Comments
Will Cooper Sr. Honored for Advancing Affordable Homes

The longtime affordable housing advocate and NAHB Multifamily leader was honored this month with the David Reznick Lifetime Achievement Award by the Affordable Housing Tax Credit Coalition.

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Cantwell, Hatch Introduce Bill to Expand Production of Affordable Housing

Filed in Capitol Hill, Multifamily by on May 19, 2016 2 Comments

Senator Maria Cantwell (D-Wash.) and Senate Finance Committee Chairman Orrin Hatch (R-Utah), along with Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) and Senator Charles Schumer (D-N.Y.) today introduced the Affordable Housing Credit Improvement Act. The bill would expand the Low Income Housing Tax Credit (LIHTC) by 50% to help spur the production of much-needed affordable housing.

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