Legislation & Legislation Proposals
Summary of the Affordable Housing Bond Enhancement Act
This document summarizes the Affordable Housing Bond Enhancement Act, which was introduced by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA) on April 28, 2025 and Representatives Rudy Yakym (R-IN) and Gwen Moore (D-WI) on February 9, 2026.
Section-by-Section Analysis of the Affordable Housing Bond Enhancement Act
The attached document provides a section-by-section description of the Affordable Housing Bond Enhancement Act, which was introduced by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA) by April 28, 2025 and by Representatives Rudy Yakym (R-IN) and Gwen Moore (D-WI) on February 9, 2026.. The legislation would enact many of NCSHAโs long-standing priorities for strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs.
HOME Investment Partnerships Program Reauthorization and Improvement Act
Senator Catherine Cortez Masto (D-NV) and Representative Joyce Beatty (D-OH) recently introduced the HOME Investment Partnerships Program Reauthorization and Improvement Act (S. 948 / H.R. 2031) to reauthorize the HOME program, increase the authorized funding level for the program to $5 billion, and make several needed program improvements.
Senate Letter to HUD on DOGE Staff Cuts
On February 20, 2025, a group of Senators sent this letter to Housing and Urban Development Secretary Scott Turner expressing concerns over the agencyโs plans for staffing cuts, which were made based on the recommendations of the new Department of Government Efficiency.
House Budget Committee Options Paper
This House Budget Committee document outlines more than 200 options for changes to federal programs that would produce budgetary savings and costs over the next 10 years.
Preserving Rural Investments Act
This legislation would amend the tax code to clarify that Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac are not tax-exempt controlled entities (TECEs) and, thus, are eligible for tax benefits that are not available to TECEs. This would allow Fannie Mae and Freddie Mac to invest in multi-investor Housing Credit funds without jeopardizing those benefits for other investors in the funds.ย
Press Release: Sen. Moran, Sen. Warner, Sen. Young, Rep. LaHood & Rep. Kildee Introduce Legislation to Increase Rural Housing Investment
U.S. Senators Jerry Moran (R-Kan.) Mark Warner (D-Va.)and Todd Young (R.-Ind) and U.S. Representatives Darin LaHood (IL-16) and Dan Kildee (MI-08) introduced legislation on August 1, 2024, to amend the Internal Revenue Code to clarify that Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac are able to participate in partnerships that are crucial for low-income housing investments.
NCSHAโs Analysis of the Biden Administrationโs FY 2025 Budget Request
This resource is NCSHAโs analysis of the Biden Administrationโs Fiscal Year 2025 Budget Request. The $7.3 trillion budget outlines the administrationโs fiscal priorities, including for U.S. Departments of Housing and Urban Development and Agriculture housing programs and several new housing programs.
Congressional Sign-On Letter: Performance-Based Contract Administration
This February 29, 2024, letter, signed by 22 members of Congress, expresses support for Section 251 of the Senate-passed Transportation, Housing, and Urban Development Appropriations Act of 2024. By directing the U.S. Department of Housing and Urban Development to use cooperative agreements when selecting new Performance-Based Contract administrators, this provision would support Project-Based Rental Assistance stakeholders, including housing finance agencies.
