Senate Finance Committee Chair Proposes Housing Bill

Filed in Advocacy, Housing Affordability, Tax Reform by on August 18, 2021 1 Comment

Senate Finance Committee Chairman Ron Wyden (D-Ore.) announced today the Decent, Affordable, Safe Housing (DASH) for All Act. The legislation includes a number of tax-related proposals, which fall under Wyden’s committee jurisdiction, as well as other housing policy changes that are outside of the panel’s focus.  

NAHB supports many of the proposals included in the DASH Act, which is heavily focused on affordable housing.  Specifically, NAHB supports:

  • Additional resources for the Low-Income Housing Tax Credit to increase production of affordable rental housing;
  • Creating a Middle Income Housing Tax Credit aimed at increasing rental workforce housing; and
  • Establishing a permanent and refundable tax credit for first-time home buyers. 

The DASH Act would also prohibit discrimination based on a tenant’s lawful source of income, which would require landlords to accept Section 8 housing choice vouchers. NAHB opposes this mandate because many landlords don’t work through HUD’s processes, and accepting a voucher comes with a heavy administrative and financial burden, particularly for smaller landlords. NAHB supports funding additional vouchers and will continue to work with  Sen. Wyden on this issue.

We expect Chairman Wyden to push for inclusion of many of the tax provisions included in the DASH Act as part of the Democrats’ fall agenda to overhaul the tax code. NAHB will be heavily engaged over the coming months as the Democrats prepare to move forward on their tax priorities. 

Tags: , ,

Comments (1)

Trackback URL | Comments RSS Feed

  1. R Jordan says:

    In MA we are not allowed to refuse applicants with section 8 vouchers. However the applicant can be disqualified if they don’t meet other qualifying criteria, such as a certain credit score. Also, if the rent is above the “fair value”, the applicant cannot pay more than 40% of their income as rent. But it all becomes a problem if the person qualifies, but later , their income changes and so does their voucher.

    With this eviction moratorium and pro-tenant laws in my MA, many small landlords are getting out of the rental business. Some by converting their units to condos, thus reducing the number of rentals. The big developers often don’t have the affordable apartments and financial companies like Blackrock are buying up single family homes to rent.

    It is going to take a whole lot more “vision” to tackle the affordability problem.

Leave a Reply

Your email address will not be published. Required fields are marked *