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NCSHA Blogs

Camp Tax Reform Discussion Draft Retains and Amends Housing Credit, Eliminates Private Activity Bonds

House Ways and Means Committee Chairman Dave Camp (R-MI) has released a discussion draft and summary of legislation to reform our nation’s tax code. Camp’s discussion draft would preserve but amend substantially the Low Income Housing Tax Credit and would eliminate private activity bonds and the 4 percent Housing Credit.

Guest Post: The State of Housing in America

Today marks the first anniversary of the release of the Commission’s report, Housing America’s Future: New Directions for National Policy. As readers of this blog know, our report highlights what we consider the most urgent housing challenges facing our country.

National Housing Conference Report Finds Small Improvements, State Differences in Housing Affordability

The National Housing Conference’s Center for Housing Policy released Feb. 19 its annual Housing Landscape report entitled, The Housing Affordability Challenges of America’s Working Households. The report finds that despite small improvements in some affordability measures, many families are struggling to pay for adequate housing.

Ways and Means Committee Chair to Release Tax Reform Draft Next Week

Yesterday, Representative Dave Camp (R-MI), the Chair of the House Ways and Means Committee, announced that he will be releasing next week draft legislation to overhaul the federal tax code. In an email sent to all Republican members of the Ways and Means Committee, Camp said his legislation would make the tax code “simpler and fairer for families and employers” and help to “strengthen the economy.”

Ron Wyden Becomes Senate Finance Committee Chairman

On February 12, the Senate approved by unanimous consent a resolution naming Senator Ron Wyden (D-OR) the chairman of the Senate Finance Committee. The position was recently vacated by Senator Max Baucus (D-MT), who resigned from the Senate to become U.S. Ambassador to China.

Congress Suspends Debt Limit Until March 2015

Today, the Senate passed by a vote of 55 to 43 the Temporary Debt Limit Extension Act, S. 540. The bill suspends the federal debt limit until March 16, 2015. The House passed the bill yesterday by a vote of 221 to 201 and the President is expected to sign it soon.

Charles Coulter to Leave HUD at the End of February

In an email sent to industry stakeholders this afternoon, Assistant Secretary for Housing and Federal Housing Commissioner Carol Galante announced that Charles Coulter, Deputy Assistant Secretary for Single Family Housing at HUD, will leave the agency at the end of this month.

Charles Coulter to Leave HUD at the End of February

In an email sent to industry stakeholders this afternoon, Assistant Secretary for Housing and Federal Housing Commissioner Carol Galante announced that Charles Coulter, Deputy Assistant Secretary for Single Family Housing at HUD, will leave the agency at the end of this month.

Senator Baucus Confirmed as U.S. Ambassador to China

The Senate today confirmed Senate Finance Committee Chairman Max Baucus’s (D-MT) nomination to be U.S. ambassador to China by a vote of 96-0.

Congress Approves Farm Bill Extending Rural Area Eligibility for USDA Housing Programs

On February 4, the Senate voted to ensure that rural communities that are currently eligible for the U.S. Department of Agriculture’s (USDA) rural housing programs and that would lose eligibility due to USDA’s use of 2010 Census data will retain their eligibility through 2020. It also voted to increase the population limit used to define areas as rural from 25,000 to 35,000. The House passed the bill on January 29 and the President is expected to sign it soon.