Month: September 2018
Senator Warren Introduces Affordable Housing Bill
On September 26, Senate Banking Committee member, Elizabeth Warren, D-MA, introduced the American Housing and Economic Mobility Act of 2018.
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GAO Releases Report on LIHTC Development Costs
On September 18, the Government Accountability Office (GAO) released its report – “Low-Income Housing Tax Credit: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management” – on the costs of developing LIHTC properties.
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OMB Begins Review of IRS’s Opportunity Zone Guidance
On September 13, the Office of Information and Regulatory Affairs, a division of the White House Office of Management of the Budget (OMB), received regulatory guidance from the IRS on the opportunity zones.
Read more »Tax Reform Bill Contains No References to LIHTC Program
On September 10, Rep. Kevin Brady, (R-TX) highlighted the introduction of 3 bills that constitute the Tax Reform 2.0 package. This package is from Republicans on the House Ways and Means Committee. None of the bills contain provisions directly impacting affordable housing or, community development. The three bills are H.R. 6760, H.R. 6757 and H.R. 6756.
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Proposed Rulemaking on CRA Modernization Released
On August 28, the Office of the Comptroller of the Currency (OCC) released an advanced notice of proposed rule-making on modernizing the Community Reinvestment Act (CRA). The OCC seeks comments on ways to modernize CRA regulations.Included are questions about increasing lending and services in areas that need it the most, clarifying and expanding the types of […]
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