Legislation & Legislation Proposals
This House bill would provide $2.2 trillion in coronavirus relief. It is a scaled-back version of the $3.4 trillion Health Economic Recovery Omnibus Emergency solutions (HEROES) Act the House passed in May.
This bill, introduced by Senator Ron Wyden (D-OR), would provide tax relief to individuals and businesses in areas for which a major disaster is declared under the Stafford Act between January 1, 2020, and 60 days after the bill's enactment. The bill includes supplemental disaster Housing Credits for states experiencing a major disaster.
Bipartisan House Sign-On Letter Supporting Housing Credit Provisions in Coronavirus Relief Legislation
This letter, signed by 103 members of the House of Representatives from both parties, urges House leadership to prioritize an increase in the Housing Credit volume cap, establishment of a minimum 4 percent rate for bond-financed Housing Credit developments, basis boosts for certain properties, and lowering the “50 percent Test” threshold for triggering Housing Credit equity in bond-financed properties.
This document tracks the members of Congress who have cosponsored the Affordable Housing Credit Improvement Act (S. 1703/H.R. 3077) to amend the Internal Revenue Code of 1986 to reform the Low Income Housing Tax Credit.
House Member Sign-On Letter to Leadership Supporting Housing Credit Provisions in Coronavirus Relief Legislation
Representatives Suzan DelBene (D-WA) and Jackie Walorski (R-IN) are circulating this House of Representatives member sign-on letter in support of inclusion of the Low Income Housing Tax Credit priorities in the next coronavirus relief bill. The letter will be sent to House leadership.
This summary describes the House Democrats’ new $1.5 trillion infrastructure bill, the Moving Forward Act, H.R. 2, which would provide funding for roads, bridges, schools, broadband access, and affordable housing. The bill would increase the amount of Housing Credit and Private Activity Bond authority provided to states annually, make a number of changes to the Housing Credit and Bond programs, establish a new state-administered single-family housing tax credit, and make a number of other changes summarized below.
This factsheet provides an overview of The Moving Forward Act, H.R. 2, which House Democrats will soon release to address America’s infrastructure needs. The bill will include significant investments in affordable housing, along with investments in surface transportation, broadband, water infrastructure, clean energy, and other initiatives.
On May 14, 2020, a group of Senators wrote Treasury Secretary Mnuchin and Federal Reserve System Board Chair Powell to encourage them to take further action to stabilize the municipal bond market to ensure state and local governments have access to needed medium- and long-term financing.
On May 6, 2020, 32 House members, led by Representative David Scott (D-GA), sent this letter to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) in support of $75 billion for assistance to help homeowners to prevent foreclosures, defaults, and loss of utilities.