On May 28, 2021, the Biden Administration submitted to Congress its budget request for fiscal year (FY) 2022. The administration requests $68.7 billion for the U.S. Department of Housing and Urban Development, an increase of $9 billion above the FY 2021 enacted level. View Document […]
To accompany the president’s budget request, the U.S. Department of Treasury releases the “General Explanations of the Administration’s Revenue Proposals,” which provides an explanation of the administration’s revenue proposals for that fiscal year. View Document […]
On May 28, 2021, the Biden Administration submitted to Congress the President’s Budget for Fiscal Year 2022. The budget request totals $6 trillion and outlines the Biden’s Administration’s fiscal priorities, including for HUD and USDA housing programs. View Document Related Document: FY 2022 Budget Fact Sheet […]
On May 28, 2021, NCSHA provided comments to the Department of the Treasury and Internal Revenue Service on guidance projects the agencies should include in their 2021-2022 Priority Guidance Plan. The annual Priority Guidance Plan sets forth the tax issues Treasury and IRS intend to address through regulations, revenue rulings, revenue procedures, notices, and other […]
Read More… from NCSHA Comments on Treasury and IRS 2021-2022 Priority Guidance Plan
The Senate Finance Committee, House Ways and Means Committee, and Senate Banking Committee all held hearings the week of May 17 on investing in the nation’s infrastructure. During the hearings, key housing champions from both parties spoke about affordable housing, including the importance of the Affordable Housing Credit Improvement Act (AHCIA; S. 1136/H.R. 2573), the […]
Opportunity Zones articles curated by NCSHA staff in 2018 – 2021. Finding Opportunity in Opportunity Zones (May 2021) Can Place-Based Investments Like New Markets and Opportunity Zones Help Low-Income Neighborhoods and Residents? (April 2021) Opportunity Zones have had minor impact on labor markets so far (March 2021) Little evidence of increased demand for property in […]
Read More… from Opportunity Zones | Articles and Background Materials
In this video series, Ayrianne Parks, Senior Director of Public Policy at Enterprise, and Jennifer Schwartz, Director of Tax and Housing Advocacy at NCSHA, provide an overview of each of the provisions in the Affordable Housing Credit Improvement Act (AHCIA) of 2021 (S. 1136 and H.R. 2573). The bicameral, bipartisan AHCIA of 2021 was reintroduced […]
Read More… from Affordable Housing Credit Improvement Act of 2021: Video Series
This memorandum outlines NCSHA’s top legislative priorities for 2021 federal infrastructure legislation. View Document […]
On May 12, 2021, the Department of Housing and Urban Development’s Office of Public and Indian Housing published these Frequently Asked Questions on use of funds from the Treasury Department’s Emergency Rental Assistance program to assist participants in the public housing and Housing Choice Voucher programs. View Document […]
