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.
Blog Post
Feb12

President’s FY 2019 Budget Request Would Cut Funding, Eliminate Programs

This morning the administration released the president’s fiscal year (FY) 2019 budget request, which proposes dramatic cuts to housing and community development programs across agencies, including the Department of Housing and Urban Development, the USDA Rural Housing Service, and the Department of Treasury.
Blog Post
Dec20

Congress Approves Tax Reform Legislation

The House and Senate have both approved the conference report of the Tax Cuts and Jobs Act. The House passed the bill yesterday by a vote of 227 – 203, with 12 Republicans and all Democrats voting against it, and had to vote again today because of some technical corrections that arose during Senate consideration.
Blog Post
Nov17

House Passes Tax Reform Bill, Senate Finance Committee Sends Tax Reform Bill to Floor

Yesterday, the House passed its tax reform bill, which would have devastating impacts on affordable housing and community development. The Senate also passed its tax reform bill out of Committee yesterday and will plan to send the bill to the Senate floor for a vote the week of November 27. Now is the last opportunity advocates may have to advocate for the Housing Credit, Housing Bonds and NMTC in the tax reform process.
Blog Post
Nov15

New Senate Tax Reform Bill Adds Provisions to Strengthen Housing Credit, but Additional Changes Needed

Last night Senate Finance Committee Chairman Orrin Hatch (R-UT) released a modified chairman’s mark for the Senate version of the “Tax Cuts and Jobs Act,” which includes many significant changes from the version released last Thursday.
Blog Post
Aug01

Senate Finance Committee Holds Hearing on Affordable Housing

The Senate Finance Committee held a hearing on "America’s Affordable Housing Crisis: Challenges and Solutions."In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income Housing Tax Credit (Housing Credit) as our nation’s primary tool for increasing the supply of affordable rental housing.