Newsroom
Trump Administration Releases FY 2018 Budget Blueprint with Deep Cuts to HUD and Elimination of HOME
The Administration sent Congress this morning its Fiscal Year (FY) 2018 budget blueprint, “America First: A Budget Blueprint to Make America Great Again,” proposing deep cuts to the U.S. Department of Housing and Urban Development (HUD) and other federal agencies, with the exception of the Departments of Defense, Homeland Security, and Veterans Affairs, which would see funding increases.
Leaked Internal HUD Budget Document Proposes $6 Billion Cut in FY 2018
Earlier today, various news sources, including the Washington Post and The Hill, published troubling reports about leaked documents indicating that the Trump Administration is considering more than $6 billion in cuts to HUD programs in Fiscal Year (FY) 2018. According to these reports, the Administration may propose the elimination of several HUD programs, including HOME.
Senators Cantwell and Hatch Introduce Legislation to Enhance and Strengthen the Housing Credit
On March 7, Senate Finance Committee member Maria Cantwell (D-WA) and Committee Chairman Orrin Hatch (R-UT) introduced the Affordable Housing Credit Improvement Act of 2017, S. 548.
NCSHA Applauds Senators Cantwell and Hatch on Release of Housing Credit Expansion Legislation
NCSHA congratulates Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) on the introduction of the Affordable Housing Credit Improvement Act of 2017, S. 548.
GAO Releases Report on the Role of Syndicators in the Housing Credit Program
Yesterday, the U.S. Government Accountability Office (GAO) released the third in a series of four reports on the Low Income Housing Tax Credit, Low Income Housing Tax Credit: The Role of Syndicators. The report is descriptive in nature, providing information on the characteristics of syndicators, their activity in the market between 2005 and 2014, the role they play in the industry, and factors that influence their use. The report does not include any recommendations for action.
Senate Confirms Dr. Ben Carson Nomination as HUD Secretary
Earlier this morning, the U.S. Senate confirmed Dr. Ben Carson’s nomination to be Secretary of HUD by a vote of 58 to 41. The Senate Banking Committee on January 24 voted unanimously to favorably report Carson’s nomination to the Senate.
NCSHA Welcomes Dr. Ben Carson as HUD Secretary
NCSHA congratulates Dr. Ben Carson on his confirmation as Secretary of the United States Department of Housing and Urban Development (HUD).
Statement from NCSHA Executive Director Barbara Thompson
NCSHA commends the Public Broadcasting Service’s (PBS) Frontline for attempting in its May 9 broadcast to shine light on the affordable rental housing crisis and our country’s response.
Trump Administration Sends FY 2018 Budget Framework to Agencies
The White House Office of Management and Budget (OMB) sent federal agencies February 27 a preliminary FY 2018 budget framework, identifying its top-line funding amounts for the agencies and asking them for feedback within a few days on how they will achieve these targets. OMB officials said the budget framework identifies a $54 billion increase in defense and security spending and suggests the Administration intends to fully offset this amount with nondefense program funding cuts.
HUD Accepting Entries for 3rd Annual Secretary’s Award for Healthy Homes
The U.S. Department of Housing and Urban Development (HUD), in a partnership with the National Environmental Health Association (NEHA), has announced it is accepting entries for the Secretary’s Award for Healthy Homes 2017. The Award is designed to recognize organizations “making indoor environments healthier through healthy homes research, education, and through program delivery, especially in diverse, low to moderate income communities.”
Senate Confirms Steve Mnuchin as Treasury Secretary
The United States Senate last night voted to confirm the nomination of investment banker Steve Mnuchin to serve as Secretary of the Treasury. Mnuchin was confirmed on a mostly party-line vote of 53-47. Mnuchin was sworn in shortly afterward.
NCSHA Urges Treasury and IRS Not to Set Federal, One-Size-Fits-All Definition of Concerted Community Revitalization Plans
On February 10, NCSHA submitted comments to Treasury and IRS in response to Notice 2016-77 regarding whether Treasury and IRS should issue guidance clarifying the Low Income Housing Tax Credit (Housing Credit) statute's required preference for projects located in a Qualified Census Tract (QCT) that are subject to a concerted community revitalization plan.
