Blog Post
Jun25

JCHS’ State of the Nation’s Housing 2019 Report Shows that Renters Remain Widely Cost Burdened Even as Burden Rates Declined Slightly

Today the Joint Center for Housing Studies (JCHS) at Harvard University released the State of the Nation’s Housing 2019, its annual assessment of the housing market, demographic trends and the housing challenges faced by U.S. households.
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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
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.
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Blog Post
Nov10

Senate GOP Tax Reform Bill Retains the Housing Credit, Housing Bonds and NMTC

The Senate tax reform proposal retains the Housing Credit and the tax-exemption on private activity bonds (including multifamily Housing Bonds), and preserves the New Markets Tax Credit through 2019. Enterprise thanks the Senate Finance Committee for recognizing the value of these critical affordable housing and community development programs, and urges Congress to retain Housing Bonds and ensure that Housing Credit production is sustained as tax reform progresses.
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Blog Post
Oct16

Capitol Express Newsletter: Tax Reform Negotiations Begin, Senate to Vote on FY 2018 Budget

Now that administration and congressional Republican leadership have released their “Unified Framework for Fixing Our Broken Tax Code,” the tax-writing committees in the House and Senate are negotiating details and drafting legislation. The House Ways and Means Committee is expected to release its tax bill as early as next week, and the Senate Finance Committee is aiming to follow soon after. While the framework proposed retaining the Low-Income Housing Tax Credit (Housing Credit), it was silent on the tax exemption for Housing Bonds, which provide critical financing to roughly half of all Housing Credit properties, and on the New Markets Tax Credit (NMTC), which is essential for attracting private capital and jobs to some of the nation’s most distressed communities.
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Blog Post
Sep26

Congress Considering Disaster Tax Relief Legislation

Enterprise is calling on Congress and the Administration to provide increased allocations of the Housing Credit and NMTC as part of any recovery package. We are also part of broad coalition of advocates calling on Congress to advance these reforms among other affordable housing and community development provisions. Organizations may sign on to support these principles through Wednesday, September 27.
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Blog Post
Sep07

Senate Includes Long-Term Recovery Funds in Hurricane Aid Package

The Senate passed a $15.25 billion relief and recovery package for Harvey survivors that, thanks to an amendment from Majority Leader Mitch McConnell, includes $7.4 billion for HUD's Community Development Block Grant Disaster Recovery (CDBG-DR) program for major declared disasters occurring in 2017.
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