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
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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