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Legislative News
Banking Regulators Begin Rulemaking for Implementation of Expanded PWI Cap
The Affordable Housing Tax Credit Coalition (AHTCC), a TAAHP industry partner, is closely following implementation of the federal Public Welfare Investment (PWI) cap increase, which raised the limit from 15% to 20%. The increase was a key priority in the 21st Century...
New Senate Bill Would Expand Housing Credit Carryback Period
Sens. Ruben Gallego (D-AZ) and Mike Rounds (R-SD) have introduced the Affordable Housing Credit Carryback Act (S. 5366), a Senate companion to legislation previously introduced in the House by Reps. Mike Carey (R-OH) and Jimmy Panetta (D-CA). The legislation would...
Congress Moves to Extend Federal Funding
With the federal government’s current funding set to expire on September 30, the Senate approved a continuing resolution (CR) in August aimed at preventing a shutdown. The measure passed 90-6 and would maintain federal funding at existing levels through December 11....
Federal Agencies Propose Changes to Community Reinvestment Act
On August 12, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a proposed rule in the Federal Register outlining changes to regulations implementing the Community Reinvestment Act (CRA). The Federal...
Protected: HFC Exemptions Raised Twice during Texas Senate Local Government Interim Hearing
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Senate Passes Bipartisan Continuing Resolution (CR) to Dec. 11 — OMB Grant Rule Changes Delayed
On August 8, the Senate passed a bipartisan continuing resolution (CR) extending funding for federal programs and services through December 11. The legislation also delays implementation of new Office of Management and Budget (OMB) grant making requirements introduced...
21st Century ROAD to Housing Act Becomes Law
After a brief delay, the 21st Century ROAD to Housing Act has become law. The bicameral, bipartisan bill passed the House 358-32 and the Senate 85-5 but has been sitting in the Oval Office since the start of the month. However, the President refused to sign or veto...
Road to 21st Century Road to Housing Act Passage Expected Soon
The Senate Banking Committee and the House Financial Services Committee announced they have reached a bipartisan, bicameral agreement on the 21st Century ROAD to Housing Act — the comprehensive housing reform package Congress has been developing over the past year....
Legislation to Study and Temporarily Suspend BABA for HUD Affordable Housing Programs Introduced in U.S. House
House Housing and Insurance Subcommittee Chairman Mike Flood (R‑NE) and Representative Maggie Goodlander (D‑NH) introduced the Build Housing Affordably Act today. The bill would require HUD to undertake a comprehensive study of how Build America, Buy America (BABA)...
House Passes FY2027 USDA Spending Bill Funding Rural Multifamily Housing
On June 4, the House of Representatives passed H.R.8646 - Agriculture, Rural Development, Food and Drug Administration, and Related Agency Appropriations Act, 2027 in a 213-210 vote. While this bill was passed by the Republican majority, it breaks from many of the...