6.5.19
In a June 5 notice, HUD invited comments on proposed changes to methods used to calculate Fair Market Rents (FMRs). CLPHA and its membership have expressed concern for years to HUD that its FMR calculations do not accurately reflect gross rents, particularly in high-cost areas and/or in markets experiencing rapidly rising costs.
6.4.19
Disaster Aid Package Passes House
The House of Representatives voted on Monday to approve a disaster recovery package by a vote of 354-58. The Senate previously voted to approve the legislation 85-8 before leaving for the Memorial Day congressional recess. The bill will now be sent to the president, who is expected to sign it.
6.4.19
Widely supported bipartisan, bicameral legislation to expand and strengthen the Low-Income Housing Tax Credit (LIHTC) was reintroduced in the Senate and House today by Senators Maria Cantwell (D-WA), Johnny Isakson (R-GA), Ron Wyden (D-OR), and Todd Young (R-IN) and Representatives Suzan DelBene (D-WA.), Kenny Marchant (R-TX), Don Beyer (D-VA), and Jackie Walorski (R-IN).
6.4.19
CLPHA’s comments for the proposed rule on changes to Section 3, as well as a summary of the rule’s major changes to Section 3 that was reviewed on CLPHA’s member call, are available below. Please contact Senior Research & Policy Analyst Emily Warren with questions at [email protected].
View CLPHA's Comments
5.23.19
This morning, the House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD) passed its FY20 funding bill without amendments. The bill‘s discretionary funding level for the Department of Housing and Urban Development (HUD) totals $50.1 billion, an increase of $5.9 billion above the FY19 enacted level, and $13.4...