Blog Post
Apr30

Temporary Eviction Moratoria Protect Tenants for Now – But What’s Next?

Covid-19’s economic fallout emphasizes that relief at all levels of governments and in partnership with the private sector is essential to mitigate the pandemic’s impact on renter households’ economic and housing stability. Enterprise urges Congress to work with the administration to offer much needed rental assistance. We also encourage state and local governments to work with property owners on ensuring flexibility and assistance for impacted renters in paying their back rent.
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Blog Post
Mar18

Federal Tax Policy Priorities in Response to COVID-19

The Low-Income Housing Tax Credit (Housing Credit) finances more than 90 percent of all affordable housing production and preservation, and the health of the program is critical for the housing stability of millions of low-income families. There are several simple federal actions that can provide timing relief and prevent projects from losing their tax credits due to COVID-19’s impact, some of which are statutory and others that are regulatory.
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Blog Post
Mar13

Majority of House Cosponsors the Affordable Housing Credit Improvement Act

The majority of the House of Representatives has cosponsored the Affordable Housing Credit Improvement Act, H.R.3077, with a total of 221 members signed on to the bipartisan legislation. The Affordable Housing Credit Improvement Act (AHCIA) would strengthen and expand the Low-Income Housing Tax Credit (Housing Credit), our nation’s most successful tool for building and preserving affordable housing.
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Blog Post
Mar09

Detroit’s Preservation Partnership Highlights Need for Federal Support on Housing Affordability

The city of Detroit has announced a federally-funded Preservation Partnership with Enterprise and other local affordable housing non-profits. The partnership will seek to identify apartment buildings that have low rents and help them be redeveloped in a way that preserves the affordability and prevents displacement. Evelyn Zwiebach, Enterprise Detroit Director for State and Local Policy, urges all Presidential candidates to commit to robust federal funding for critical affordable housing programs.
Blog Post
Jun25

Enterprise and National Partners Applaud Bipartisan Legislation to Prevent Premature Loss of Housing Credit Properties

Today legislators introduced a bipartisan bill, The Save Affordable Housing Act of 2019, that would make a crucial correction to the Qualified Contract (QC) provision in Section 42 of the Internal Revenue Code and save thousands of Low-Income Housing Tax Credit (Housing Credit) properties from prematurely converting to market rate.
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Blog Post
Jun06

New Resources Show Impact of Housing Bonds and How Affordable Housing Credit Improvement Act Would Result in More Affordable Homes

The ACTION Campaign (ACTION), which Enterprise co-chairs, released new fact sheets that demonstrate the impact of multifamily housing bonds (Housing Bonds) with the Low-Income Housing Tax Credit (Housing Credit), as well as the projected additional affordable homes from establishing a minimum 4 percent Housing Credit rate at the national scale and for the top 12 states that would benefit.
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Blog Post
Feb19

Modest Funding Increases for Housing in Fiscal Year 2019; Budget Deal Needed for Fiscal Year 2020

Prolonged negotiations around fiscal year (FY) 2019 spending levels have finally come to a close, with Congress and the Administration approving a spending package that modestly increases spending levels on housing and community development programs. Lawmakers now need to raise the spending caps for FY 2020 to avoid budget sequestration.
Blog Post
Aug06

Senate Passes Bipartisan Minibus that Includes Funding for Important Housing Programs

On Wednesday, the Senate passed its bipartisan “minibus” spending package, H.R. 6147, with a 92-6 vote. The $154.2 billion package combined four separate spending bills for Fiscal Year 2019 (FY19), appropriating funding for the Departments of Agriculture, Transportation, Housing and Urban Development (HUD), Treasury, and the Interior.
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Blog Post
Jun14

NLIHC Report Documents the Gap between Wages and the Cost of Rental Housing

The report, which documents the gap between wages and the cost of housing, and breaks down and maps housing wage data by state, metropolitan area and county, also points out that in no jurisdiction can a worker earning the federal or prevailing state minimum wage afford a two-bedroom rental home at FMR by working a standard 40-hour week.
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