Blog Post

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

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

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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