Tag: Low Income Housing Tax Credit
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).
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.
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.
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.
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.
HUD has begun implementing the Federal Housing Administration’s (FHA) targeted multifamily mortgage insurance premium (MIPs) reductions for certain affordable and energy-efficient mortgages. The reductions are effective for commitments issued or reissued on or after April 1.
The Congressional Budget Office (CBO) on Sept. 9 released a report that provides Congress policy options to provide substantial budgetary savings on housing assistance programs during the 2016-2025 period.
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.