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On Feb. 5, the House Financial Services Subcommittee on Housing, Community Development, and Insurance held a hearing entitled “A Future Without Public Housing? Examining the Trump Administration’s Efforts to Eliminate Public Housing.”
The Federal Housing Finance Agency (FHFA) announced Feb. 27 that it released $502.3 million for the 2020 allocations for the Housing Trust Fund (HTF) and Capital Magnet Funds (CMF).
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.
On January 14, the House Financial Services Committee held a hearing called “On the Brink of Homelessness: How the Affordable Housing Crisis and the Gentrification of America is Leaving Families Vulnerable” that examined causes of the nation’s affordable housing crisis and ways to prevent homelessness. Among the solutions discussed was expanding and enhancing the low-income housing tax credit (LIHTC).
More than two decades after the last major update–and following months of waiting–two of the three agencies that determine whether financial institutions meet Community Reinvestment Act (CRA) requirements issued proposed guidance Dec 12.
The National Park Service recently released its Annual Report on the Economic Impact of the Federal Historic Tax Credit for FY 2018. In partnership with Rutgers University, the report analyzes where federal historic tax credit (HTC) investments are located, who benefits from them, and what tangible economic impacts those investments have on communities.
The Rental Assistance Demonstration (RAD) program has “accomplished its principal statutory goals of leveraging private and other sources of capital, preserving affordable housing by addressing projects’ short-term capital needs and financial viability, and mitigating effects on tenants in terms of relocation.”
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