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Legislative News
Affordable Housing Credit Improvement Act
The Affordable Housing Credit Improvement Act, which seeks to expand the Low Income Housing Tax Credit Program, has been reintroduced in Congress this session as S. 1136 and H.R. 2573. The changes proposed in this legislation are estimated to increase the supply of affordable housing by over 2 million units over 2 years.
U.S. Congress reintroduces Affordable Housing Credit Improvement Act
Last week, Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH) and Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad Wenstrup (R-OH) introduced the Affordable Housing Credit Improvement Act (AHCIA) of 2021 (S. 1136/H.R. 2573). The bill — one of NCSHA’s highest legislative priorities — is comprehensive legislation that would expand and strengthen the Low Income Housing Tax Credit (Housing Credit). The House and Senate versions of the legislation are identical.
Biden’s Proposed Infrastructure Bill Includes $213 billion for affordable housing
The plan seeks to: Produce, preserve, and retrofit more than a million affordable, resilient, accessible, energy-efficient, and electrified housing units through targeted tax credits, formula funding, grants, and project-based rental assistance. Build and rehabilitate...
Governor Abbott released his Budget for 2022-2023 and his priorities for 87th Legislative Session
Governor Abbott released his Budget for 2022-2023 and his priorities for this session.
President Signs COVID Relief & Omnibus Spending Bill-Includes 4% Housing Tax Credit Permanent Floor
President Trump signs the COVID-19 Relief and Omnibus Spending Bill, which includes a minimum floor for 4% Housing Tax Credit, rent assistance, 1-month eviction moratorium extension, and $600 direct payments to most Americans.
Election Results: Republicans maintain control of both chambers of Texas Legislature
Texas 2020 Election Results: Republicans maintain control both chambers of the legislature after record voter turnout.
Why the Upcoming Elections Matter to Affordable Housing
Moving Forward Act
House Democrats present Moving Forward Act (H.R. 2), a $1.5 trillion infrastructure bill. The plan includes transportation infrastructure improvements, such as bridges and roads, but also includes education, clean water, broadband initiatives, green energy, and affordable housing.
SHELTER ACT introduced to House to alleviate affordable housing need
Congresswoman Eddie Bernice Johnson (TX-30), alongside Representatives Jared Huffman (CA-02) and Alcee L. Hastings (FL-20) introduced the COVID-19 Serving the Homeless Act by expanding the list of Tenant Eligible Residences Act of 2020, or COVID-19 SHELTER Act of...
Runoff Elections Pushed Back Due to COVID-19
Governor Abbott released a proclamation postponing the primary runoff election to July 14, 2020. The election was previously scheduled for May 26, 2020. There are several runoffs statewide. See a breakdown of Primary Runoff Elections compiled by TAAHP’s Lobby Firm –...