Community development tax incentives have tangible positive impacts on the states and individuals they serve. The presidential caucuses and primaries are a useful time to highlight those impacts, as it raises awareness and provides support for advocates who specialize in these community development tax incentives. This look at Nevada (the third in the series) follows a profile on New Hampshire.

The Trump administration this week released its $4.8 trillion fiscal year (FY) 2021 budget request, which includes $741 billion in defense spending including overseas contingency operations and other adjustments and $590 billion for nondefense spending including adjustments, a cut of $37 billion or nearly 6 percent from the current law FY 2021 spending cap.

Along with low-income renter households, the middle-class are facing a housing crunch as affordability issues are moving up the income scale, according to the new study from the Harvard Joint Center for Housing Studies (JCHS). The study found that while extremely low-income renters are the most cost-burdened (those paying more than 30 percent of income towards rent), more higher-income earners are having trouble finding affordable rental housing.

As described in an earlier post, the demands on tax-exempt private activity bond (PAB) volume are growing in many states. For several years after the financial crisis and recession of 2008-9, the vast majority of states had plenty of PAB cap available, and rental market conditions often made using PABs for potential affordable rental housing developments financially difficult.