To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

Proposals impacting the low-income housing credit. S.1989/H.R. 3661, to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings. S.3521, Family and Business Tax Cut Certainty Act. H.R. 8, American Taxpayer Relief Act.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax reform: No specific bill but asked that Congress take a comprehensive approach to tax reform and not enact reform for C corporations at the expense of flow-thru entities, including partnerships, S Corporations, and LLCs. We also asked policymakers not to tax flow-through entities with revenues over certain thresholds as C corporations or to pass legislation that would disadvantage real estate relative to other industries. We further requested that Congress maintain the deductibility of business interest and the Low-Income Housing Tax Credit. Finally, we urged Congress to enact permanent estate tax reform with a $5 million exemption, 35 percent top rate, and a retention of stepped-up basis rules. 2001 and 2003 Tax Cuts & Fiscal Cliff: We supported an extension of tax rates applicable in 2012 to income, capital gains and dividends, and the estate tax. Specifically, we favored: - H.R. 8 - Job Protection and Recession Prevention Act of 2012. Section 2: Extension of 2001 and 2003 Tax Relief. Section 4: Extension of Alternative Minimum Tax Relief for Individuals. - HR 8, American Taxpayer Relief Act of 2012, Section 101: Permanent Extension an Modification of 2001 Tax Relief. Section 102: Permanent Extension and Modification of 2003 Tax Relief. Section 104: Permanent Extension of Alternative Minimum Tax Relief. Section 302: Extension of Temporary Minimum Low-Income Housing Tax Credit for Non-Federally Subsidized New Buildings. Section 305: Extension of New Markets Tax Credit. Section 331: Extension and Modification of Bonus Depreciation. Section 408: Extension of Credit for Energy-Efficient New Homes. - We also asked Congress to: (1) enact comprehensive tax reform that reduces marginal tax rates; (2) avoid raising marginal tax rates as part of fiscal cliff and tax reform; and (3) address the solvency of entitlement programs. Tax Extenders: We supported extending the following expiring tax provisions: New Markets Tax Credit (IRC Section 45D); Increased AMT exemption amount (IRC Section 55(d)); Additional 100 Bonus Depreciation (IRC Section 168(k)); Expensing of Brownfield Remediation Costs (IRC Section 198). Additionally, we engaged in lobbying activities on the following bill: S. 3521, Family and Business Tax Cut Certainty Act of 2012: Section 101. Extension of increased alternative minimum tax exemption amount. Section 202. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings. Section 205. Extension of New Markets Tax Credit. Section 308. Extension of credit for energy efficient new homes. Carried Interest: We opposed changes to current law as part of any legislation. We also specifically opposed H.R. 4016, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities (all provisions). Low-Income Housing Tax Credit: H.R. 3661 and S. 1989, to make permanent the 9 percent tax credit for the Low-Income Housing Tax Credit (LIHTC) and to extend the same policy to 4 percent LIHTCs for acquisition (all provisions). S. 3521, Family and Business Tax Cut Certainty Act of 2012, Section 202. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings. We also urged Congress to preserve the Low-Income Housing Tax Credit as part of any tax reform effort. Although no bill is pending, we asked Congress to support making the Low-Income Housing Tax Credit more flexible by allowing developments to qualify if 40 percent of units go to families with income that averages no more than 60 percent of area median income. IRS Temporary (T.D. 9564) and proposed rules (REG-168745-03) regarding deduction and capitalization of expenditures related to tangible property under IRC 263(a). S. 3591, Commercial Building Modernization Act (IRC 179D reform) (proposed IRC 179F) - To amend the IRC of 1986 to improve and extend the deduction for new and existing energy efficient commercial buildings, and for other purposes (all provisions). HR 6705, Building Efficiently Act of 2012, To amend the Internal Revenue Code of 1986 to reduce the depreciation recovery periods for energy efficient commercial buildings, and for other purposes (all provisions).

Budget of the United States Government, Fiscal Year 2013; all provisions relating to the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) -Rural Housing Service (RHS) funding and administration of affordable multifamily housing and rental assistance programs and Treasury-Internal Revenue Service (IRS) proposals related to the Low Income Housing Tax Credit (LIHTC) and bond-financed multifamily housing programs. (continued) Budget of the United States Government, Fiscal Year 2014; all provisions relating to the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Agriculture (USDA) -Rural Housing Service (RHS) funding and administration of affordable multifamily housing and rental assistance programs (not introduced during reporting period). PL 112-25 (S 365): Budget Control Act of 2011. A bill to control the budget; All provisions in Title I TEN-YEAR DISCRETIONARY CAPS WITH SEQUESTER, Sections 101,102,105,106 & Title III Section 302 Enforcement of budget goal related to discretionary spending levels as part of deficit reduction requirements (which could reduce funding for important U.S. HUD and USDA affordable multifamily housing programs). PL 112-155 (HR 5872): Sequestration Transparency Act of 2012. An Act to require the President to provide a report detailing the sequester required by the Budget Control Act of 2011 on January 2, 2013; Section 2 Sequester Preview as it relates to HUD and USDA affordable multifamily housing programs. Office of Management and Budget, OMB Report Pursuant to the Sequestration Transparency Act of 2012 (P. L. 112155)" September 13, 2012; all provisions regarding HUD and USDA affordable multifamily housing programs. HR 6684: Spending Reduction Act of 2012. A bill to provide for spending reduction; Title VII Sequester Replacement Sec. 703 Achieving $19 billion in discretionary savings as it relates to HUD and USDA affordable multifamily housing programs. HR 8: American Taxpayer Relief Act of 2012. A bill to extend certain tax relief provisions enacted in 2001 and 2003, and to provide for expedited consideration of a bill providing for comprehensive tax reform, and for other purposes; Title III Business tax extenders Sec. 302. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings (all provisions) and Title IX Budget Provisions Sec. 901 Treatment of Sequester all provisions (affects HUD & USDA affordable multifamily housing programs). HR 5972: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013. A bill making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2013, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. S 2322: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013. A bill making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2013, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. HR 5973: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2013. A bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2013, and for other purposes; Title III Rural Development Programs, all funding and administrative provisions related to affordable rural multifamily housing programs. S 2375: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2013. A bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2013, and for other purposes; Title III Rural Development, all funding and administrative provisions related to affordable rural multifamily housing programs. Discussion Draft Legislation from Rep. Judy Biggert: Affordable Housing and Self-Sufficiency Improvement Act of 2012. A bill to reform affordable housing programs and the provision of supportive services under the United States Housing Act of 1937; all provisions [not introduced during reporting period]. HUD [Docket No. FR4878N02] "Final Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons," Jan. 22, 2007; all provisions. (Owners of HUD-subsidized properties are recipents of federal funds). HR 6677: Common Sense Housing Investment Act. A bill to amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction with a nonrefundable credit for indebtedness secured by a residence, to provide affordable housing to extremely low-income families, and for other purposes; all provisions. HR 3661:To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program; all provisions. S 1989: A bill to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized buildings and to provide a minimum 4 percent credit rate for existing buildings; all provisions. S 3494: A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless individuals who are full-time students for purposes of low income housing tax credit; all provisions. HR 3076: A bill to amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of the low income housing tax credit; all provisions. Advocated for Congress to pass and the Department of Treasury to support a single student occupancy rule for the Department of Treasury and the HUD's affordable housing programs to reduce conflicts between the programs in mixed-subsidy properties. All policies, funding, and administrative issues related to management and preservation of affordable multifamily housing subject to HUD, USDA-RHS, and Treasury-IRS regulations. The White House Domestic Policy Council Rental Policy Working Groups "Federal Rental Alignment-Administrative Proposals, December 31, 2011; all provisions (to better align the operation of federal rental programs and policies across the Administration). Government Accountability Office "Decision in the Matter of Assisted Housing Services Corporation; North Tampa Housing Development Corporation; The Jefferson County Assisted Housing Corporation; National Housing Compliance; Southwest Housing Compliance Corporation; CMS Contract Management Services and the Housing Authority of the City of Bremerton; Massachusetts Housing Finance Agency," File: B-406738; B-406738.2; B-406738.3; B-406738.4; B-406738.5; B-406738.6; B-406738.7; B-406738.8. August 15, 2012; all provisions. HUD [Docket No. FR-5600-N-33-C1] "HUDs Fiscal Year (FY) 2011 NOFA for the Performance-Based Contract Administrator (PBCA) Program Technical Correction," March 15, 2012; all provisions. HUD [Docket No. FR-5600-N-33] "HUDs Fiscal Year (FY) 2012 Notice of Funding Availability (NOFA) for the Performance-Based Contract Administrator (PBCA) Program for the Administration of Project-Based Section 8 Housing Assistance Payments Contracts," March 9, 2012; all provisions. HUD "Performance-Based Annual Contributions Contract, Project-Based Section 8 Contract Administration," February 24, 2012; all provisions. HUD "Annual Contributions Contract Project-Based Section 8 Contract Administration, Second Amendment of Term, Incentive- Based Performance Standards Tasks, and Fees " October 17, 2012; all provisions. Urged amending to include Management & Occupancy Reviews (MORs) in PBCA tasks [not included]. HUD "Annual Customer-Service Survey of Performance-Based Contract Administrators;" OMB Approval Number: 2502-0604. HUD Notice H 2012-14 Use of New Regulation Section 8 Housing Assistance Payments (HAP) Contracts Residual Receipts to Offset Project-Based Section 8 Housing Assistance Payments, August 3, 2012; all provisions. HUD Office of Housing Multifamily Housing Programs Memorandum Clarifications of Housing Notice H 2012-14, Use of New Regulation Section 8 Housing Assistance Payments (HAP) Contracts Residual Receipts to Offset Project-Based Section 8 Housing Assistance Payments," October 1, 2012; all provisions. HUD Transmital "Section 8 Renewal Policy Guide Book" page changes May 18, 2012; all provisions. HUD Office of Housing Multifamily Housing Programs Memorandum "Suspension of the Requirements Contained in Sections 9-23, 9-24, and 9-25 of the Section 8 Renewal Policy Guide," September 7, 2012; all provisions (regarding new appraisal procedures for benchmarking rents in rent comparability studies). HUD [Docket No. FR5648N02] "Final Fair Market Rents for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program Fiscal Year 2013," October 5, 2012; all provisions. HUD [Docket No. FR5648N01] "Proposed Fair Market Rents for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program Fiscal Year 2013 Notice," September 4, 2012; all provisions. HUD [Docket No. FR5413N02] "Section 8 Housing Choice Voucher ProgramDemonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas, Discussion of Comments, and Request for Participation," April 20, 2011; all provisions. HUD Notice H 2011-30 "Use of Reserve for Replacement Accounts in Restructured Mark-to-Market (M2M) Properties," October 19, 2011; all provisions. HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing; all provisions of Chapter 4 "Reserve Fund for Replacements." HUD Mortgagee Letter 2012-25, Revised Requirements for Project Capital Needs Assessments, Estimated Reserves for Replacements and Remedies for Accessibility Deficiencies November 21, 2012; all provisions. HUD Notice H 2012-27 Revised Requirements for Project Capital Needs Assessments, Estimated Reserves for Replacements and Remedies for Accessibility Deficiencies November 21, 2012; all provisions. HUD Frequently Asked Questions: Housing Notice 2012-08; September 4, 2012; all provisions regarding the Notice Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans. HUD Notice H 2012-08 Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans," May 4, 2012; all provisions. HUD [Docket Number FR5597N01] Request for Information on Adopting Smoke-Free Policies in PHAs and Multifamily Housing, October 4, 2012; all provisions. HUD Notice H 2012-22 "Further Encouragement for O/As to Adopt Optional Smoke-Free Housing Policies," October 26, 2012; all provisions. HUD Final Notice [Docket No. FR5526N02] Public Housing Assessment System (PHAS): Physical Condition Scoring Notice and Revised Dictionary of Deficiency Definitions, August 9, 2012; all provisions. All policies related HUD's: Real Estate Assesment Center scoring and procedures for HUD-assisted and/or FHA insured properties; 2530 previous participation certification policies and submission procedures; and Management and Occupancy Review for owners and management agents. All polices related to application of HUD's and the U.S. Dept. of Transportation's Housing and Transportation Affordability Initiative, specifically the Location Affordability Index, to HUD's multifamily housing and rental assistance programs. IRS [RIN 1545-B191] Proposed Rule "Utility Allowances Submetering," August 7, 2012; all provisions. IRS Notice 2012-18 Physical Inspections Pilot Program February 9, 2012; all provisions [LIHTC compliance requirements]. Joint Notice of Proposed Rulemaking Treasury Dept. Office of Comptroller of the Currency [Docket ID OCC20120009] [RIN 1557AD46] Federal Reserve System [RIN 7100 AD 87], and Federal Deposit Insurance Corportation [RIN 3064AD96]: "Regulatory Capital Rules: Standardized Approach for Risk-Weighted Assets; Market Discipline and Disclosure Requirements," August 30, 2012; all provisions related to High Volatility Commercial Real Estate Exposures, Securitization Exposures, and Statutory Multifamily Mortgages. Advocated for policies to promote long-term sustainablity and financial solvency of Low Income Housing Tax Credit Properties. USDA OIG [Report No. 04601-0018-CH] Audit " Rural Developments Project Cost and Inspection Procedures for the Rural Rental Housing Program," October 11, 2012; all provisions. USDA-Rural Development (RD) Procedure Notice 458, September 24, 2012; RD Handbook Changes INSERT RD HB-2-3560 Chapter 3 (Revision to Attachment 3-F to reflect no change to the Fiscal Year 2013 Management Fee). USDA-RD Unnumbered Letter "Prepayment Clarifications and Related Issues," May 14, 2012; all provisions with a particular emphasis on Section III "Prepayment incentives and transfers." USDA-RD Unnumbered Letter "Dynamic Servicing Strategies for the Multi-Family Housing Direct Loan Portfolio," August 28, 2012; all provisions with a particular emphasis on the section regarding "Transfer of Rental Assistance from Certain Properties Not Permitted." Advocated for policies to address ongoing occupancy issues, including prolonged vacancies, in properties that participate in USDA-RHS's Multifamily Housing programs. Advocated for policies to address improper payments in USDA-RHS's Section 521 Rural Rental Assistance program, including access to HUD's Enterprise Income Verification system. All policies related to USDA Rural Development's improper payment audit, Multi-Family Integrated System and its findings reviews, and rural housing preservation. S 3521: Family and Business Tax Cut Certainty Act of 2012. A bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions; Section 202 Extension of temporary minimum low-income tax credit rate for non-federally subsizided new buildings.

25C, 45L, Low Income Housing Tax Credit, H.R. 3661/S.1989, carried interest, tax reform, mortgage interest deduction, 179D

Client expense: $500,000 · Firm income: Not reported

Proposals impacting the low-income housing credit. S.1989/H.R. 3661, to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings. S.3521, Family and Business Tax Cut Certainty Act.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

New Markets Tax Credit Extension (H.R. 2655/S. 996) Low Income Housing Tax Credit program (H.R. 3661/S. 1989) Corporate Tax Reform

Client expense: $220,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Low Income Housing Tax Credit extension (HR 3661).

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS)

HR 3661 and S 1989

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax reform: No specific bill but asked that Congress take a comprehensive approach to tax reform and not enact reform for C corporations at the expense of flow-thru entities, including partnerships, S Corporations, and LLCs. We also asked policymakers not to tax flow-through entities with revenues over certain thresholds as C corporations or to pass legislation that would disadvantage real estate relative to other industries. We further requested that Congress maintain the deductibility of business interest and the Low-Income Housing Tax Credit. Finally, we urged Congress to enact permanent estate tax reform with a $5 million exemption, 35 percent top rate, and a retention of stepped-up basis rules. H.R. 6169, Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012. Section 3: Expedited Consideration of a Measure Providing for Comprehensive Tax Reform. Small Business Tax Legislation: H.R. 9 and S. Amdt. 2524, Small Business Tax Cut (all provisions). S. 2237. Small Business Jobs and Tax Relief Act. Section 2: Temporary Tax Credit for Increased Payroll. Section 3: Extension of Allowance of Bonus Depreciation for Certain Business Assets. 2001 and 2003 Tax Cuts: We supported an extension of tax rates applicable to income, capital gains and dividends, and the estate tax. The specific bills in which we engaged in lobbying activities were: S. 3412, Middle Class Tax Cut Act. Section 101: Temporary Extension of 2001 Tax Relief. Section 102: Temporary Extension of 2003 Tax Relief. Section 201: Temporary Extension of Increased Alternative Minimum Tax Exemption Amount. S. 3413, Tax Hike Prevention Act of 2012. Section 2: Temporary Extension of 2001 Tax Relief. Section 3: Temporary Extension of 2003 Tax Relief. Section 4. Alternative Minimum Tax Relief. S. Amdt. 2573. Section 2: Temporary Extension of 2001 Tax Relief. Section 3: Temporary Extension of 2003 Tax Relief. Section 4. Alternative Minimum Tax Relief. H.R. 8. Job Protection and Recession Prevention Act of 2012. Section 2: Extension of 2001 and 2003 Tax Relief. Section 4: Extension of Alternative Minimum Tax Relief for Individuals Tax Extenders: We supported extending the following expiring tax provisions: New Markets Tax Credit (IRC Section 45D); Energy Efficient New Homes Tax Credit (IRC Section 45L); Increased AMT exemption amount (IRC Section 55(d)); Additional 100 Bonus Depreciation (IRC Section 168(k)); Expensing of Brownfield Remediation Costs (IRC Section 198). Additionally, we engaged in lobbying activities on the following bill: S. 3521, Family and Business Tax Cut Certainty Act of 2012: Section 101. Extension of increased alternative minimum tax exemption amount. Section 202. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings. Section 205. Extension of New Markets Tax Credit. Section 308. Extension of credit for energy efficient new homes. Carried Interest: We opposed changes to current law as part of any legislation. We also specifically opposed H.R. 4016, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities (all provisions). Low-Income Housing Tax Credit: H.R. 3661 and S. 1989, to make permanent the 9 percent tax credit for the Low-Income Housing Tax Credit (LIHTC) and to extend the same policy to 4 percent LIHTCs for acquisition (all provisions). We also urged Congress to preserve the Low-Income Housing Tax Credit as part of any tax reform effort. Although no bill is pending, we urged Congress to support making the Low-Income Housing Tax Credit more flexible by allowing developments to qualify if 40 percent of units go to families with income that averages no more than 60 percent of area median income. S. 3494: LIHTC legislation to allow homeless and formerly homeless youth to be eligible for LIHTC housing without giving up their status as full-time students (all provisions). H.R. 5746, Update and Streamline REIT Act of 2012 (all provisions). IRS Temporary (T.D. 9564) and proposed rules (REG-168745-03) regarding deduction and capitalization of expenditures related to tangible property under IRC 263(a). IRS REG-136491 regarding regulations applicable to utility charges and the Low-Income Housing Tax Credit S. 3591, Commercial Building Modernization Act (IRC 179D reform) (proposed IRC 179F) - To amend the IRC of 1986 to improve and extend the deduction for new and existing energy efficient commercial buildings, and for other purposes (all provisions).

New Markets Tax Credits Reauthorization (HR 2655); New Markets Tax Credits Reauthorization (S. 996); Low Income Housing Tax Credits (S.1989); Low Income Housing Tax Credits (HR 3661)

Client expense: $140,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Department of Housing and Urban Development (HUD) Appropriations; Low Income Housing Tax Credit Authorization (S. 1989); Low Income Housing Tax Credit Authorization (H.R. 3661); General Information regarding activities/programs of Local Initiatives Support Corporation

Client expense: $140,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Budget of the United States Government, Fiscal Year 2013; all provisions relating to the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) -Rural Housing Service (RHS) funding and administration of affordable multifamily housing and rental assistance programs and Treasury-Internal Revenue Service (IRS) proposals related to the Low Income Housing Tax Credit (LIHTC) and bond-financed multifamily housing programs. (continued) PL 112-25 (S 365): Budget Control Act of 2011. A bill to control the budget; All provisions in Title I TEN-YEAR DISCRETIONARY CAPS WITH SEQUESTER, Sections 101,102,105,106 & Title III Section 302 Enforcement of budget goal related to discretionary spending levels as part of deficit reduction requirements (which could reduce funding for important U.S. HUD and USDA affordable multifamily housing programs). PL 112-175 (H J Res 117): Continuing Appropriations Resolution, 2013. Making continuing appropriations for fiscal year 2013, and for other purposes; all provisions which would directly or indirectly affect funding levels for federal multifamly affordable housing programs. PL 112-155 (HR 5872): Sequestration Transparency Act of 2012. An Act to require the President to provide a report detailing the sequester required by the Budget Control Act of 2011 on January 2, 2013; Section 2 Sequester Preview as it relates to HUD and USDA affordable multifamily housing programs. HR 5972: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013. A bill making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2013, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. S 2322: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013. A bill making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2013, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. HR 5973: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2013. A bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2013, and for other purposes; Title III Rural Development Programs, all funding and administrative provisions related to affordable rural multifamily housing programs. S 2375: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2013. A bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2013, and for other purposes; Title III Rural Development, all funding and administrative provisions related to affordable rural multifamily housing programs. HR 4970: Violence Against Women Reauthorization Act of 2012. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. S 1925: Violence Against Women Reauthorization Act of 2011. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. Discussion Draft Legislation from Rep. Judy Biggert: Affordable Housing and Self-Sufficiency Improvement Act of 2012. A bill to reform affordable housing programs and the provision of supportive services under the United States Housing Act of 1937; all provisions [not introduced during reporting period]. HUD [Docket No. FR4878N02] "Final Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons," Jan. 22, 2007; all provisions. (Owners of HUD-subsidized properties are recipents of federal funds). HUD Notice PIH 2012-18 "Rental Assistance Demonstration Partial Implementation and Request for Comments," March 8, 2012; all provisions related to Mod-Rehab, Rent Supp, and RAP properties. HUD Notice PIH-2012-32 (HA) "Rental Assistance Demonstration Final Implementation," July 26, 2012; all provisions related to Mod-Rehab, Rent Supp, and RAP properties. HR 3661:To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program; all provisions. S 1989: A bill to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized buildings and to provide a minimum 4 percent credit rate for existing buildings; all provisions. S 3521: Family and Business Tax Cut Certainty Act of 2012. A bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions; Section 202 Extension of temporary minimum low-income tax credit rate for non-federally subsizided new buildings. S 3494: A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless individuals who are full-time students for purposes of low income housing tax credit; all provisions. HR 3076: A bill to amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of the low income housing tax credit; all provisions. Advocated for Congress to pass and the Department of Treasury to support a single student occupancy rule for the Department of Treasury and the HUD's affordable housing programs to reduce conflicts between the programs in mixed-subsidy properties. All policies, funding, and administrative issues related to management and preservation of affordable multifamily housing subject to HUD, USDA-RHS, and Treasury-IRS regulations. The White House Domestic Policy Council Rental Policy Working Groups "Federal Rental Alignment-Administrative Proposals, December 31, 2011; all provisions (to better align the operation of federal rental programs and policies across the Administration). HUD Notice H 2012-05 "Guidelines on Addressing Infestations in HUD-insured and Assisted Multifamily Housing," April 23, 2012; all provisions. HUD Notice H 2011-20 Guidelines on Bed Bug Control and Prevention in HUD Insured and Assisted Multifamily Housing," August 16, 2011; all provisions. Government Accountability Office "Decision in the Matter of Assisted Housing Services Corporation; North Tampa Housing Development Corporation; The Jefferson County Assisted Housing Corporation; National Housing Compliance; Southwest Housing Compliance Corporation; CMS Contract Management Services and the Housing Authority of the City of Bremerton; Massachusetts Housing Finance Agency," File: B-406738; B-406738.2; B-406738.3; B-406738.4; B-406738.5; B-406738.6; B-406738.7; B-406738.8. August 15, 2012; all provisions. HUD [Docket No. FR-5600-N-33-C1] "HUDs Fiscal Year (FY) 2011 NOFA for the Performance-Based Contract Administrator (PBCA) Program Technical Correction," March 15, 2012; all provisions. HUD [Docket No. FR-5600-N-33] "HUDs Fiscal Year (FY) 2012 Notice of Funding Availability (NOFA) for the Performance-Based Contract Administrator (PBCA) Program for the Administration of Project-Based Section 8 Housing Assistance Payments Contracts," March 9, 2012; all provisions. HUD "Performance-Based Annual Contributions Contract, Project-Based Section 8 Contract Administration," February 24, 2012; all provisions. HUD Office of Housing Multifamily Housing Programs Memorandum to Multifamily Property Owners on the Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, November 22, 2011; all provisions (which describe cost-saving measures to benchmark rents, limit budget-based rent increases, and use residual receipts to offset Section 8 subsidy payments). HUD Office of Housing Multifamily Housing Programs Follow-Up Memorandum to Multifamily Property Owners Regarding Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, December 5, 2011; all provisions. HUD Notice H 2012-14 Use of New Regulation Section 8 Housing Assistance Payments (HAP) Contracts Residual Receipts to Offset Project-Based Section 8 Housing Assistance Payments, August 3, 2012; all provisions. HUD Transmital "Section 8 Renewal Policy Guide Book" page changes May 18, 2012; all provisions. HUD [Docket No. FR5567N01] Proposed Fair Market Rents for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program Fiscal Year 2012 August 19, 2011; all provisions. HUD [Docket No. FR5413N02] "Section 8 Housing Choice Voucher ProgramDemonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas, Discussion of Comments, and Request for Participation," April 20, 2011; all provisions. HUD [Docket No. FR5466N01] "Request for Comments on Trend Factor Methodology Used in the Calculation of Fair Market Rents," March 9, 2011; all provisions. HUD Notice H 2011-30 "Use of Reserve for Replacement Accounts in Restructured Mark-to-Market (M2M) Properties," October 19, 2011; all provisions. HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing; all provisions of Chapter 4 "Reserve Fund for Replacements." HUD Draft for public comment Mortgagee Letter Revised Requirements for Project Capital Needs Assessments, Estimated Reserves for Replacements and Remedies for Accessibility Deficiencies May 11, 2012; all provisions. HUD [Docket No. FR5634N02] Changes in Certain Multifamily Housing and Health Care Facility Mortgage Insurance Premiums for Fiscal Year (FY) 2013, August 15, 2012; all provisions. HUD [Docket No. FR5634N01] "Changes in Certain Multifamily Housing and Health Care Facility Mortgage Insurance Premiums for Fiscal Year (FY) 2013" April 10, 2012; all provisions. HUD Frequently Asked Questions Document for Notice H 2012-08 Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans, September 4, 2012; all provisions. HUD Notice H 2012-08 Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans," May 4, 2012; all provisions. HUD Final Notice [Docket No. FR5526N02] Public Housing Assessment System (PHAS): Physical Condition Scoring Notice and Revised Dictionary of Deficiency Definitions, August 9, 2012; all provisions. All policies related HUD's: Real Estate Assesment Center scoring and procedures for HUD-assisted and/or FHA insured properties; 2530 previous participation certification policies and submission procedures; Management and Occupancy Review for owners and management agents. IRS Notice 2012-18 Physical Inspections Pilot Program February 9, 2012; all provisions [LIHTC compliance requirements]. Advocated for policies to promote long-term sustainablity and financial solvency of Low Income Housing Tax Credit Properties. Advocated for policies to address ongoing occupancy issues, including prolonged vacancies, in properties that participate in USDA-RHS's Multifamily Housing programs. Advocated for policies to address improper payments in USDA-RHS's Section 521 Rural Rental Assistance program. USDA-Rural Development (RD) Procedure Notice 458, September 24, 2012; RD Handbook Changes INSERT RD HB-2-3560 Chapter 3 (Revision to Attachment 3-F to reflect no change to the Fiscal Year 2013 Management Fee). USDA-RD Unnumbered Letter "Prepayment Clarifications and Related Issues," May 14, 2012; all provisions with a particular emphasis on Section III "Prepayment incentives and transfers." USDA-RD Unnumbered Letter "Dynamic Servicing Strategies for the Multi-Family Housing Direct Loan Portfolio," August 28, 2012; all provisions with a particular emphasis on the section regarding "Transfer of Rental Assistance from Certain Properties Not Permitted." USDA-RD Unnumbered Letter "Dynamic Servicing Strategies for the Multi-Family Housing Direct Loan Portfolio," May 18, 2011; all provisions with a particular emphasis on the section regarding "Transfer of Rental Assistance from Certain Properties Not Permitted."

Cosponsor HR 3661

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

New Markets Tax Credit Extension (H.R. 2655/S996) Low Income Housing Tax Credit program (H.R. 3661/S. 1989) Tax Reform

Client expense: $310,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

25C, 45L, Low Income Housing Tax Credit, H.R. 3661/S.1989, carried interest, tax reform, mortgage interest deduction

Client expense: $680,000 · Firm income: Not reported

Tax Reform: No specific bill but asked that Congress take a comprehensive approach to tax reform and not enact reform for C corporations at the expense of flow-through entities, including partnerships, S corporations and LLCs. We also asked policymakers not to tax flow-through entities with revenues over certain thresholds as C corporations or to pass legislation that would disadvantage real estate relative to other industries. We further requested that Congress maintain the deductibility of business interest and the Low-Income Housing Tax Credit. Finally, we urged Congress to enact permanent estate tax reform with a $5 million exemption, 35 percent top rate, and a retention of stepped-up basis rules. Carried interest: We opposed changes to current law as part of any legislation. We also specifically opposed H.R. 4016, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities. (all provisions) Low-Income Housing Tax Credit: H.R. 3661 and S. 1989. To make permanent the 9 percent tax credit for the Low-Income Housing Tax Credit (LIHTC) and to extend the same policy to 4 percent LIHTCs for acquisition. (all provisions) We also urged Congress to preserve the Low-Income Housing Tax Credit as part of any tax reform effort. Finally, although no bill is pending, we urged Congress to support making the Low-Income Housing Tax Credit more flexible by allowing developments to qualify if 40 percent of units go to families with income that average no more than 60 percent of area median income. No bill yet introduced, but we support an extension of the 2001/2003 tax cuts affecting tax rates applicable to income, capital gains and dividends, and the estate tax. Tax Extenders: We asked that Congress extend the following expired tax incentives: New Markets Tax Credit (IRC Section 45D); Energy Efficient New Homes Tax Credit (IRC Section 45L); Grants for specified energy property in lieu of tax credits (IRC Section 48(d)); Increased AMT exemption amount (IRC Section 55(d)); Additional 100 Bonus Depreciation (IRC Section 168(k)); and Expensing of Brownfield Remediation Costs (IRC Section 198). H.R. 9, Small Business Tax Cut (all provisions) S. 2237. Small Business Jobs and Tax Relief Act. Section 2: Temporary Tax Credit for Increased Payroll. Section 3: Extension of Allowance of Bonus Depreciation for Certain Business Assets. S. 2343, Stop the Student Loan Interest Rate Hike of 2012, Section 3: Employment Tax Treatment of Professional Service Businesses H.R. 2989 and S. 1616. To exempt certain stock real estate investment trusts from the tax on foreign investments in United States real property interests. (all provisions) H.R. 5746, Update and Streamline REIT Act of 2012. (all provisions) IRS Temporary (T.D. 9564) and proposed rules (REG-168745-03) regarding deduction and capitalization of expenditures related to tangible property under IRC 263(a) No bill yet introduced, but we support the extension and Modification of the current Energy Efficient Commercial Buildings Deduction (IRC 179D) and a proposed new Deduction for Retrofits of Existing and Commercial Multifamily Buildings (new IRC 179F) and Section 45L, and ARRA, Section 1603

Proposals impacting the low-income housing credit. S.1989/H.R. 3661, to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General tax issues; Low-Income Housing Tax Credit Authorization (S.1989, HR 3661);

Client expense: $160,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Housing and Urban Development budget appropriations (Section 4, HOME); Low-Income Housing Tax Credit Authorization (HR 3661; S.1989);

Client expense: $160,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Budget of the United States Government, Fiscal Year 2013; all provisions relating to the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture-Rural Housing Service (RHS) funding and administration of affordable multifamily housing and rental assistance programs and Treasury-Internal Revenue Service proposals related to the Low Income Housing Tax Credit and bond-financed multifamily housing programs. (continued) PL 112-25 (S 365): Budget Control Act of 2011. A bill to control the budget; All provisions in Title I TEN-YEAR DISCRETIONARY CAPS WITH SEQUESTER, Sections 101,102,105,106 & Title III Section 302 Enforcement of budget goal related to discretionary spending levels as part of deficit reduction requirements (which could reduce funding for important U.S. Department of Housing and Urban Development and Department of Agriculture Rural Housing Service affordable multifamily housing programs). H Con Res 112: Concurrent Resolution on the Budget for Fiscal Year 2013. This concurrent resolution establishes the budget for fiscal year 2013 and sets forth appropriate budgetary levels for fiscal years 2014 through 2022; all provisions which would directly or indirectly affect funding levels for federal multifamly affordable housing programs in Title I Recommended Levels and Amounts, Title II Reconciliation and Directive to the Committee on the Budget, and Title VI Section 604 Recommendations for the Elimination of Waste, Fraud, and Abuse in Federal Programs. HR 4966: Sequester Replacement Act of 2012. A bill to amend the Balanced Budget and Emergency Deficit Control Act of 1985 to replace the sequester established by the Budget Control Act of 2011; all provisions. HR 5972: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013. A bill making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2013, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. S 2322: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013. A bill making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2013, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. HR 5973: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2013. A bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2013, and for other purposes; Title III Rural Development Programs, all funding and administrative provisions related to affordable rural multifamily housing programs. S 2375: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2013. A bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2013, and for other purposes; Title III Rural Development, all funding and administrative provisions related to affordable rural multifamily housing programs. S 624: Choice Neighborhoods Initiative Act of 2011. To authorize the Department of Housing and Urban Development to transform neighborhoods of extreme poverty into sustainable, mixed-income neighborhoods with access to economic opportunities by revitalizing severely distressed housing and investing and leveraging investments in well-functioning services, educational opportunities, public assets, public transportation, and improved access to jobs; all provisions. HR 762: Public Housing Reinvestment and Tenant Protection Act of 2011. A bill to transform neighborhoods of extreme poverty by revitalizing distressed housing, to reform public housing demolition and disposition rules to require one for one replacement and tenant protections, to provide public housing agencies with additional resources and flexibility to preserve public housing units, and to create a pilot program to train public housing residents to provide home-based health services; all provisions of Title I, Choice Neighborhoods Initiative. S 1925: Violence Against Women Reauthorization Act of 2011. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. HR 4271: Violence Against Women Reauthorization Act of 2012. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. HR 4970: Violence Against Women Reauthorization Act of 2012. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. HR 1209: The Section 8 Voucher Reform Act of 2011. A bill to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR4878N02], Final Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons, Jan. 22, 2007; all provisions. (Owners of HUD-subsidized properties are recipents of federal funds). Discussion Draft Legislation from Rep. Judy Biggert: Affordable Housing and Self-Sufficiency Improvement Act of 2012. A bill to reform affordable housing programs and the provision of supportive services under the United States Housing Act of 1937; all provisions [not introduced during reporting period]. U.S. Department of Housing and Urban Development Notice PIH 2012-18 "Rental Assistance Demonstration Partial Implementation and Request for Comments," March 8, 2012; all provisions related to Mod-Rehab, Rent Supp, and RAP properties. HR 4145: Section 8 Reform, Responsibility, and Accountability Act of 2012. A bill to reform the program for rental assistance under section 8 of the United States Housing Act of 1937, and for other purposes; all provisions. HR 3661:To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program; all provisions. S 1989: A bill to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized buildings and to provide a minimum 4 percent credit rate for existing buildings; all provisions. All policies, funding, and administrative issues related to managment and preservation of affordable multifamily housing subject to U.S. Department of Housing and Urban Development, Department of Agriculture Rural Housing Service, and Treasury Internal Revenue Service regulations. National Commission on Fiscal Responsibility and Reform, "The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform," December 2010; all provisions related to tax reform / expenditures which would affect the Low Income Housing Tax Credit & all provisions which would affect discretionary spending for federal affordable housing programs. The White House Domestic Policy Council Rental Policy Working Groups "Federal Rental Alignment-Administrative Proposals, December 31, 2011; all provisions (to better align the operation of federal rental programs and policies across the Administration). Advocated for Congress to pass and the Department of Treasury to support a single student occupancy rule for the Department of Treasury and the Department of Housing and Urban Development's affordable housing programs to reduce conflicts between the programs in mixed-subsidy properties. U.S. Department of Treasury and Department of Housing and Urban Development's "Reforming America's Housing Finance System A Report to Congress," February 2011; all provisions related to financing for affordable multifamily housing. U.S. Department of Housing and Urban Development Notice H 2011-20 Guidelines on Bed Bug Control and Prevention in HUD Insured and Assisted Multifamily Housing," August 16, 2011; all provisions. U.S. Department of Housing and Urban Development Notice H 2012-05 "Guidelines on Addressing Infestations in HUD-insured and Assisted Multifamily Housing," April 23, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5600-N-33] "HUDs Fiscal Year (FY) 2012 Notice of Funding Availability (NOFA) for the Performance-Based Contract Administrator (PBCA) Program for the Administration of Project-Based Section 8 Housing Assistance Payments Contracts," March 9, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5600-N-33-C1] "HUDs Fiscal Year (FY) 2011 NOFA for the Performance-Based Contract Administrator (PBCA) Program Technical Correction," March 15, 2012; all provisions. U.S. Department of Housing and Urban Development "Performance-Based Annual Contributions Contract, Project-Based Section 8 Contract Administration" February 24, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5603N29] "Notice of Proposed Information Collection for Public Comment Emergency Comment Request; Office of Housing Assistance Contract Administration Oversight, Multifamily Housing Programs April 24, 2012; all provisions of "Annual Customer Service Survey of Performance-Based Contract Administrators." U.S. Department of Housing and Urban Development Office of Housing Multifamily Housing Programs Memorandum to Multifamily Property Owners on the Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, November 22, 2011; all provisions (which describe cost-saving measures to benchmark rents, limit budget-based rent increases, and use residual receipts to offset Section 8 subsidy payments). U.S. Department of Housing and Urban Development Office of Housing Multifamily Housing Programs Follow-Up Memorandum to Multifamily Property Owners Regarding Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, December 5, 2011; all provisions. U.S. Department of Housing and Urban Development "Draft Changes to the Section 8 Renewal Guide," July 2010; all provisions. U.S. Department of Housing and Urban Development Transmital "Section 8 Renewal Policy Guide Book" page changes May 18, 2012; all provisions. U.S. Department of Housing and Urban Development Notice H 2011-30 "Use of Reserve for Replacement Accounts in Restructured Mark-to-Market (M2M) Properties," October 19, 2011; all provisions. U.S. Department of Housing and Urban Development Handbook 4350.1, Multifamily Asset Management and Project Servicing; all provisions of Chapter 4 "Reserve Fund for Replacements." U.S. Department of Housing and Urban Development Draft for public comment Mortgagee Letter Revised Requirements for Project Capital Needs Assessments, Estimated Reserves for Replacements and Remedies for Accessibility Deficiencies May 11, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5466N01] "Request for Comments on Trend Factor Methodology Used in the Calculation of Fair Market Rents," March 9, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5413N02] "Section 8 Housing Choice Voucher ProgramDemonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas, Discussion of Comments, and Request for Participation," April 20, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5634N01] "Changes in Certain Multifamily Housing and Health Care Facility Mortgage Insurance Premiums for Fiscal Year (FY) 2013" April 10, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5563-P-01] "HOME Investment Partnerships Program: Improving Performance and Accountability; and Updating Property Standards, December 16, 2011; all provisions. U.S. Department of Housing and Urban Development Office of Multifamily Housing Memorandum "Tax Credit Compliance Fees and Annual Budget-Based Section 8 Rent Increase Requests," May 31, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5167P01] Streamlining Requirements Governing the Use of Funding for Supportive Housing for the Elderly and Persons With Disabilities Programs March 28, 2012; all provisions. Advocated on proposed policies related to the Department of Housing and Urban Development's FY 2013 Budget proposal to create an operational assistance account for the Section 202 Elderly Housing Program. All policies related the Department of Housing and Urban Development's: Real Estate Assesment Center scoring and procedures for HUD-assisted and/or FHA insured properties; 2530 previous participation certification policies and submission procedures; Management and Occupancy Review for owners and management agents. Internal Revenue Service Notice 2012-18 Physical Inspections Pilot Program February 9, 2012; all provisions [LIHTC compliance requirements]. Advocated for policies to promote long-term sustainablity and financial solvency of Low Income Housing Tax Credit Properties, especially related to the need for utility and operating cost relief. Advocated for policies to address ongoing occupancy issues, including prolonged vacancies, in properties that participate in U.S. Department of Agriculture Rural Multifamily Housing programs. Advocated for policies to address improper payments in U.S. Department of Agriculture Rural Development's Section 521 Rural Rental Assistance program.

25C, 45L, Low Income Housing Tax Credit, H.R. 3661/S.1989, carried interest, tax reform, mortgage interest deduction

Client expense: $650,000 · Firm income: Not reported

Low Income Housing Tax Credit program (H.R. 3661/S. 1989)

Client expense: $220,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

HR 3661 and S 1989

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Budget of the United States Government, Fiscal Year 2013; all provisions relating to the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture-Rural Housing Service (RHS) funding and administration of affordable multifamily housing and rental assistance programs and Treasury-Internal Revenue Service proposals related to the Low Income Housing Tax Credit and bond-financed multifamily housing programs. (continued) PL 112-25 (S 365): Budget Control Act of 2011. A bill to control the budget; All provisions in Title I TEN-YEAR DISCRETIONARY CAPS WITH SEQUESTER, Section 101,102,105,106 & Title III Section 302 Enforcement of budget goal related to discretionary spending levels as part of deficit reduction requirements (which could reduce funding for important U.S. Department of Housing and Urban Development and Department of Agriculture Rural Housing Service affordable multifamily housing programs). H Con Res 112: Concurrent Resolution on the Budget for Fiscal Year 2013. This concurrent resolution establishes the budget for fiscal year 2013 and sets forth appropriate budgetary levels for fiscal years 2014 through 2022; all provisions which would directly or indirectly affect funding levels for federal multifamly affordable housing programs in Title I Recommended Levels and Amounts, Title II Reconciliation and Directive to the Committee on the Budget, and Title VI Section 604 Recommendations for the Elimination of Waste, Fraud, and Abuse in Federal Programs. S 1892: Housing Rights for Victims of Domestic and Sexual Violence Act of 2011. A bill to protect the housing rights of victims of domestic violence, dating violence, sexual assault, and stalking, and for other purposes; all provisions. S 1925: Violence Against Women Reauthorization Act of 2011. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. HR 4271: Violence Against Women Reauthorization Act of 2012. A bill to reauthorize the Violence Against Women Act of 1994; Title VI Section 601 Housing protections for victims of domestic violence, dating violence, sexual assault, and stalking-all provisions which affect affordable rental housing programs. S 624: Choice Neighborhoods Initiative Act of 2011. To authorize the Department of Housing and Urban Development to transform neighborhoods of extreme poverty into sustainable, mixed-income neighborhoods with access to economic opportunities by revitalizing severely distressed housing and investing and leveraging investments in well-functioning services, educational opportunities, public assets, public transportation, and improved access to jobs; all provisions. HR 762: Public Housing Reinvestment and Tenant Protection Act of 2011. A bill to transform neighborhoods of extreme poverty by revitalizing distressed housing, to reform public housing demolition and disposition rules to require one for one replacement and tenant protections, to provide public housing agencies with additional resources and flexibility to preserve public housing units, and to create a pilot program to train public housing residents to provide home-based health services; all provisions of Title I, Choice Neighborhoods Initiative. HR 1209: The Section 8 Voucher Reform Act of 2011. A bill to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR4878N02], Final Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons, Jan. 22, 2007; all provisions. (Owners of HUD-subsidized properties are recipents of federal funds). Discussion Draft Legislation from Rep. Judy Biggert: Section 8 Savings Act Act of 2011. A bill to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937, and for other purposes; all provisions [not introduced during reporting period]. Discussion Draft Legislation from Rep. Judy Biggert: Affordable Housing and Self-Sufficiency Improvement Act of 2012. A bill to reform affordable housing programs and the provision of supportive services under the United States Housing Act of 1937; all provisions [not introduced during reporting period]. U.S. Department of Housing and Urban Development Notice PIH 2012-18 "Rental Assistance Demonstration Partial Implementation and Request for Comments," March 8, 2012; all provisions related to Mod-Rehab, Rent Supp, and RAP properties. HR 3076: A bill to amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of the low income housing tax credit; all provisions. HR 3661:To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program; all provisions. S 1989: A bill to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized buildings and to provide a minimum 4 percent credit rate for existing buildings; all provisions. U.S. Department of Treasury and Department of Housing and Urban Development's "Reforming America's Housing Finance System A Report to Congress," February 2011; all provisions related to financing for affordable multifamily housing. National Commission on Fiscal Responsibility and Reform, "The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform," December 2010; all provisions related to tax reform / expenditures which would affect the Low Income Housing Tax Credit & all provisions which would affect discretionary spending for federal affordable housing programs. All policies, funding, and administrative issues related to managment and preservation of affordable multifamily housing subject to U.S. Department of Housing and Urban Development, Department of Agriculture Rural Housing Service, and Treasury Internal Revenue Service regulations. Advocated for Congress to pass and the Department of Treasury to support a single student occupancy rule for the Department of Treasury and the Department of Housing and Urban Development's affordable housing programs to reduce conflicts between the programs in mixed-subsidy properties. The White House Domestic Policy Council Rental Policy Working Groups "Federal Rental Alignment-Administrative Proposals, December 31, 2011; all provisions (to better align the operation of federal rental programs and policies across the Administration). HUD Notice H 2011-30 "Use of Reserve for Replacement Accounts in Restructured Mark-to-Market (M2M) Properties," October 19, 2011; all provisions. HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing; all provisions of Chapter 4 "Reserve Fund for Replacements." U.S. Department of Housing and Urban Development Notice H 2011-20 Guidelines on Bed Bug Control and Prevention in HUD Insured and Assisted Multifamily Housing," August 16, 2011; all provisions. U.S. Department of Housing and Urban Development "Draft Changes to the Section 8 Renewal Guide," July 2010; all provisions. U.S. Department of Housing and Urban Development "Applicant Notification Letter;" August 11, 2011; all provisions which described HUD's procedures for proceeding with project-based Section 8 performance-based contract administration [PBCA] transition in states with uncontested PBCA contract awards, described HUD's plans to rebid contracts in states which had contested contract awards, and described HUD's plans to ensure continuity of operations on project-based Section 8 properties in states with contested PBCA awards. U.S. Department of Housing and Urban Development, "Annual Contributions Contract Project-Based Section 8 Contract Administration, Amendment of Term, Incentive Based Performance Standards Tasks and Fees," August 19, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5600-N-33] "HUDs Fiscal Year (FY) 2012 Notice of Funding Availability (NOFA) for the Performance-Based Contract Administrator (PBCA) Program for the Administration of Project-Based Section 8 Housing Assistance Payments Contracts," March 8, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5600-N-33-C1] "HUDs Fiscal Year (FY) 2011 NOFA for the Performance-Based Contract Administrator (PBCA) Program Technical Correction," March 15, 2012; all provisions. U.S. Department of Housing and Urban Development Performance-Based Annual Contributions Contract, Project-Based Section 8 Contract Administration February 24, 2012; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5506-N-01] "Reducing Regulatory Burden: Retrospective Review Under E.O. 13563," March 2, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5413N01], Section 8 Housing Choice Voucher Program-Demonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas for Fiscal Year 2011, May 18, 2010; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5466N01] "Request for Comments on Trend Factor Methodology Used in the Calculation of Fair Market Rents," March 9, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5413N02] "Section 8 Housing Choice Voucher ProgramDemonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas, Discussion of Comments, and Request for Participation," April 20, 2011; all provisions. U.S. Department of Housing and Urban Development Office of Housing Multifamily Housing Programs Memorandum to Multifamily Property Owners on the Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, November 22, 2011; all provisions (which describe cost-saving measures to benchmark rents, limit budget-based rent increases, and use residual receipts to offset Section 8 subsidy payments). U.S. Department of Housing and Urban Development Office of Housing Multifamily Housing Programs Follow-Up Memorandum to Multifamily Property Owners Regarding Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, December 5, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5563-P-01] "HOME Investment Partnerships Program: Improving Performance and Accountability; and Updating Property Standards, December 16, 2011; all provisions. U.S. Department of Housing and Urban Development Office of Multifamily Housing Memorandum "Tax Credit Compliance Fees and Annual Budget-Based Section 8 Rent Increase Requests," May 31, 2011; all provisions. All policies related the Department of Housing and Urban Development's: Real Estate Assesment Center scoring and procedures for HUD-assisted and/or FHA insured properties; 2530 previous participation certification policies and submission procedures; Management and Occupancy Review for owners and management agents. U.S. Department of Housing and Urban Development Notice H 2012-1"Multifamily Low Income Housing Tax Credit Pilot Program," February 3, 2012; all provisions. Office of Management and Budget Federal Register Proposed Rule "Reform of Federal Policies Relating to Grants and Cooperative Agreements; Cost Principles and Administrative Requirements (Including Single Audit Act)" February 28, 2012; all provisions related to the agency's proposed reforms to the single audit. Advocated for policies to address ongoing occupancy issues, including prolonged vacancies, in properties that participate in U.S. Department of Agriculture Rural Multifamily Housing programs. Advocated for policies to address improper payments in U.S. Department of Agriculture Rural Development's Section 521 Rural Rental Assistance program. Advocated for policies to promote long-term sustainablity and financial solvency of Low Income Housing Tax Credit Properties, especially related to the need for utility and operating cost relief.

Proposals impacting the low-income housing credit. S.1989/H.R. 3661, to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Low income housing tax credit; S. 1989, to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings; H.R. 3661, to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Legislation affecting the low income housing tax credit; S. 1989, to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings; H.R. 3661, to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Tax Reform: No specific bill but asked that Congress take a comprehensive approach to tax reform and not enact reform for C corporations at the expense of partnerships, including S corporations and LLCs. We also asked policymakers not to tax partnerships with revenues over certain thresholds as C corporations or to pass legislation that would disadvantage real estate relative to other industries. We also asked that Congress maintain the deductibility of business interest and the Low-Income Housing Tax Credit. Carried interest: We opposed changes to current law as part of any legislation. We also specifically opposed: H.R. 4016, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions. Estate Tax Reform: No specific bill but urged Congress to enact permanent estate tax reform with a $5 million exemption, 35 percent top rate, and a retention of stepped-up basis rules. Low-Income Housing Tax Credit: H.R. 3661 and S. 1989. To make permanent the 9 percent tax credit for the Low-Income Housing Tax Credit (LIHTC) and to extend the same policy to 4 percent LIHTCs for acquisition. (all provisions) We also urged Congress to preserve the Low-Income Housing Tax Credit as part of any tax reform effort. Finally, although no bill is pending, we urged Congress to support making the Low-Income Housing Tax Credit more flexible by allowing developments to qualify if 40 percent of units go to families with income that average no more than 60 percent of area median income. Energy Efficient Commercial Buildings Deduction, IRC Section 179D & Section 45L, and ARRA, Sec. 1603. Tax Extenders: We asked that Congress extend the following expired tax incentives: New Markets Tax Credit (IRC Section 45D); Energy Efficient New Homes Tax Credit (IRC Section 45L); Grants for specified energy property in lieu of tax credits (IRC Section 48(d)); Increased AMT exemption amount (IRC Section 55(d)); Additional 100 Bonus Depreciation (IRC Section 168(k)); and Expensing of Brownfield Remediation Costs (IRC Section 198). S. Amdt. 1812 to S. 1813, provisions extending the Energy Efficient New Homes Tax Credit and the extension of Grants for Specified Energy Property in Lieu of Tax Credits. H.R. 4196, to amend the Internal Revenue Code to extend the allowance of 100 percent bonus depreciation for certain assets through 2012 S. 2204, Section 109, Extension of Credit of Energy Efficient New Homes and Section 116, Extension of Grants for Specified Energy Property in Lieu of Tax Credits H.R. 3630 Middle Class Tax Relief and Job Creation Act of 2011 (House-passed bill).. Section 1201: Extension of allowance for bonus depreciation for certain business assets. Section 2001: Extension of temporary employee payroll tax reduction through 2012. H.R. 3630. Middle Class Tax Relief and Job Creation Act of 2012 (Conference Agreement). Section 1001: Extension of temporary employee payroll tax reduction through 2012. H.R. 9, Small Business Tax Cut (all provisions) IRS Temporary (T.D. 9564) and proposed rules (REG-168745-03) regarding deduction and capitalization of expenditures related to tangible property under IRC 263(a) No specific bill, but analyzed potential for renter-side tax credit. H.R. 2989 and S. 1616. To exempt certain stock real estate investment trusts for the purchase of foreclosed single family homes to be put on the rental market.

Support/cosponsor H.R. 3661, LIHTC 9% and 4% floor

Client expense: $5,579 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Super Committee, HR 3661 and S 1989

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Legislation affecting the low income housing tax credit; S. 1989, to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings; H.R. 3661, to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Low income housing tax credit; S. 1989, to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings; H.R. 3661, to amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program.

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Better Buildings Initiative Energy Efficient Building Tax Incentives (Sec. 179D & Sec. 45L) and ARRA Sec. 1630 Carried Interest: We opposed any change to the current law tax treatment of carried interest. Tax Reform: No specific bill but asked that Congress take a comprehensive approach to tax reform and not enact reform for C corporations at the expense of partnerships, including S corporations and LLCs. We also asked policymakers not to tax partnerships with revenues over certain thresholds as C corporations or to pass legislation that would disadvantage real estate relative to other industries. We also asked that Congress maintain the deductibility of business interest and the Low-Income Housing Tax Credit. Low-Income Housing Tax Credit: H.R. 3661 and S. 1989. To make permanent the 9 percent tax credit for the Low-Income Housing Tax Credit (LIHTC) and to extend the same policy to 4 percent LIHTCs for acquisition. All provisions. H.R. 559 and S. 30. To provide an additional year for the extension of the placed in service date for the Low-Income Housing Tax Credit rules applicable to the GOZone. All provisions. Additionally, we urged Congress to preserve the Low-Income Housing Tax Credit as part of any tax reform effort. Finally, although no bill is pending, we urged Congress to support making the Low-Income Housing Tax Credit more flexible by allowing developments to qualify if 40 percent of units go to families with income that average no more than 60 percent of area median income. No specific bill, but analyzed proposals to provide 100 percent expensing for the purchase of foreclosed single family homes to be put on the rental market. H.R. 2989 and S. 1616. To exempt certain stock of real estate investment trusts from the tax on foreign investments in United States real property interests. All provisions. Energy Efficient Commercial Buildings Deduction Section 179D. We asked Congress to turn this deduction into a tax credit. Estate Tax Reform: No specific bill but urged Congress to enact permanent estate tax reform with a $5 million exemption, 35 percent top rate, and a retention of stepped-up basis rules. H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2011: Section 1201: Extension of allowance for bonus depreciation for certain business assets. Section 2001: Extension of temporary employee payroll tax reduction through 2012. Also, S. Amdt. 1465 to H.R. 3630: Section 101 Extension of Payroll Tax Holiday. h.R. 3765 - Temporary Payroll Tax Continuation Act of 2011: Section 101: Extension of Payroll Tax Holiday Tax Extenders: No specific bill but asked that Congress extend the following expiring tax incentives: New Markets Tax Credit (IRC Section 45D); Energy Efficient New Homes Tax Credit (IRC Section 45L); Grants for specified energy property in lieu of tax credits (IRC Section 48(d)); Increased AMT exemption amount (IRC Section 55(d)); Additional 100 Bonus Depreciation (IRC Section 168(k)); and Expensing of Brownfield Remediation Costs (IRC Section 198).

Budget of the United States Government, Fiscal Year 2012; all provisions relating to the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture-Rural Housing Service (RHS) funding and administration of affordable multifamily housing and rental assistance programs and Treasury-Internal Revenue Service proposals related to the Low Income Housing Tax Credit and bond-financed multifamily housing programs. (continued) PL 112-25 (S. 365): Budget Control Act of 2011. A bill to control the budget; All provisions in Title I Section 101 Enforcing Discretionary Spending Limits, & Title III Section 302 Enforcement of budget goal and Title IV Joint Select Committee on Deficit Reduction related to discretionary spending levels as part of deficit reduction requirements (which could reduce funding for important HUD and RHS affordable multifamily housing programs, and in Title IV, affect continuation of the low-income housing tax credit program). HR 2608:Continuing Appropriations Act, 2012. A bill making continuing appropriations for fiscal year 2012 through November 18; All provisions in Sec. 101, 103 & 106 related to spending levels & funding periods for affordable multifamily housing programs, with particular emphasis on full funding of 12 month terms of tenant-based Section 8, project-based Section 8 contracts, Section 202 and 811 project rental assistance contracts, and rural rental assistance contracts. Requested amendment [to HR 2608] extending HUD's Mark-to-Market mortgage restructuring program through October 1, 2015 [not included]. HR 2112: Consolidated and Further Continuing Appropriations Act, 2012. A bill providing USDA, FDA, Commerce, Justice, Science, Transportation, and HUD and other related agencies appropriations for FY 2012. Division A Title III Rural Development programs, all funding and administrative provisions related to USDA-RD affordable rural multifamily housing programs. Division C Title II, all funding & administrative provisions related to HUD affordable multifamily housing programs. S.Amdt.792 [to HR 2112]: An amendment "To end payments to landlords who are endangering the lives of children and needy families;" it would have denied payments to persons or entities that received HUD payments for "troubled" properties assisted or insured by HUD; all provisions. S. Amdt. 800 [to HR 2112]: An amendment To reduce funding for the Rural Development Agency; it would have cut USDA rural development programs by 40 percent; all provisions. Draft FY 2012 Transportation-HUD Appropriations Act for the House. A bill making appropriations for the Departments of Transportation, HUD and Related Agencies for the fiscal year ending September 30, 2012, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. (not introduced during reporting period.) Requested amendment [to draft bill, Title II] extending to Mark-to-Market program through October 1, 2015 [not included]. S 1596: FY 2012 Transportation-HUD Appropriations Act-A bill making appropriations for the Departments of Transportation, HUD and Related Agencies for the fiscal year ending September 30, 2012, and for other purposes; Title II Housing and Urban Development, all funding & administrative provisions related to affordable multifamily housing programs. Requested amendment [to S 1596 Title II] removing language that would eliminate the October 1 publication date for Fair Market Rents [not included]. Requested amendment [to S 1596 Title II] adding language to eliminate redundant property inspections and facilitate professional landlord participation in the housing choice voucher program [not included]. HR 201: Removing Reward for Section 8 Fraud Act of 2011. The legislation would amend Section 12 of the United States Housing Act of 1937 to close a loophole that allows Project-Based Section 8 properties to lower rents for families who are repaying the government when welfare fraud has been detected; all provisions. S 1892: Housing Rights for Victims of Domestic and Sexual Violence Act of 2011. A bill to protect the housing rights of victims of domestic violence, dating violence, sexual assault, and stalking, and for other purposes; all provisions. S.1925: Violence Against Women Reauthorization Act of 2011. A bill to reauthorize the Violence Against Women Act of 1994; SEC. 601. HOUSING PROTECTIONS FOR VICTIMS OF DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, AND STALKING-all provisions which affect affordable rental housing programs. S 624: Choice Neighborhoods Initiative Act of 2011. To authorize the Department of Housing and Urban Development to transform neighborhoods of extreme poverty into sustainable, mixed-income neighborhoods with access to economic opportunities by revitalizing severely distressed housing and investing and leveraging investments in well-functioning services, educational opportunities, public assets, public transportation, and improved access to jobs; all provisions. HR 762: Public Housing Reinvestment and Tenant Protection Act of 2011. A bill to transform neighborhoods of extreme poverty by revitalizing distressed housing, to reform public housing demolition and disposition rules to require one for one replacement and tenant protections, to provide public housing agencies with additional resources and flexibility to preserve public housing units, and to create a pilot program to train public housing residents to provide home-based health services; all provisions of Title I, Choice Neighborhoods Initiative HR 1209: The Section 8 Voucher Reform Act of 2011. A bill to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937; all provisions. Requested amendment [to HR 1209] to allow HUD to Better Serve Persons with Limited Proficiency in the English Language by Providing Technical Assistance to Recipients of Federal Funds (owners of HUD-subsidized properties are recipents of federal funds) [not included]. US Department of Housing and Urban Development [Docket No. FR4878N02], Final Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons, Jan. 22, 2007; all provisions. (Owners of HUD-subsidized properties are recipents of federal funds.) US Department of Housing and Urban Development [Docket No. FR-5415-N-41], Notice of Funding Availability (NOFA) for Fiscal Year 2010 Limited English Proficiency Initiative (LEPI) Program, July 11, 2011; all provisions. Discussion Draft Legislation from Rep. Judy Biggert: Section 8 Savings Act Act of 2011. A bill to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937, and for other purposes; all provisions [not introduced during reporting period]. Draft Legislation from Rep. Barney Frank to preserve properties by allowing owners with units occupied by tenants eligible for or receiving enhanced Section 8 vouchers to convert the enhaced vouchers to project-based assistance or to select project based assistance in lieu of enhanced vouchers; all provisions [not introduced during reporting period]. Discussion Draft Legislation from Rep. Judy Biggert: FHA and Rural Regulatory Improvement Act. The bill would increase the FHA mortgage capital ratios and down payments and move RHS to HUD; Sections 2, 3, 5, 13, and 14 with particular emphasis on all provisions related to multifamily mortgage programs and rural housing programs [not introduced during reporting period]. Draft legislation from HUD: Rental Assistance Demonstration Program. A bill allowing HUD to create a demonstration program to convert public housing and moderate rehabilitation properties to long-term project-based Section 8 contracts under section 524 of the Multifamily Assisted Housing Reform and Affordability of 1997. The bill would also give HUD the authority to convert RAP and Rent Supp properties to long-term project-based Section 8 contracts under section 524 of the Multifamily Assisted Housing Reform and Affordability of 1997; all provisions. HR 3076: A bill to amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of the low income housing tax credit; all provisions. HR 3661:To amend the Internal Revenue Code of 1986 to make permanent and expand the temporary minimum credit rate for the low-income housing tax credit program; all provisions. S 1989: A bill to amend the Internal Revenue Code of 1986 to make permanent the minimum low-income housing tax credit rate for unsubsidized buildings and to provide a minimum 4 percent credit rate for existing buildings; all provisions. U.S. Department of Treasury and Department of Housing and Urban Development's "Reforming America's Housing Finance System A Report to Congress," February 2011; all provisions related to financing for affordable multifamily housing. National Commission on Fiscal Responsibility and Reform, "The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform," December 2010; all provisions related to tax reform / expenditures which would affect the Low Income Housing Tax Credit & all provisions which would affect discretionary spending for federal affordable housing programs. Advocated for Congress to pass and the Department of Treasury to support a single student occupancy rule for the Department of Treasury and the Department of Housing and Urban Development's affordable housing programs to reduce conflicts between the programs in mixed-subsidy properties. All policies, funding and administrative issues related to managment and preservation of affordable multifamily housing subject to HUD, USDA-RHS and Treasury-IRS regulations. The White House Domestic Policy Councils "Rental Policy Working Group Federal Rental Alignment Opportunities -Conceptual Proposals, July 2011; all provisions. Policies related to the HUD Office of Affordable Housing Preservation's Surplus Cash Analyses on Mark-to-Market properties regarding the proper use of the reserve for replacement account & criteria to earn the incentive performance fee. U.S. Department of Housing and Urban Development, "Performance-Based Annual Contributions Contract, Project-Based Section 8 Contract Administration," June 22, 2011; all provisions. U.S. Department of Housing and Urban Development "Final PBCA [performance-based contract administration]Working Group Transition Handbook," July 2011; all provisions. U.S. Department of Housing and Urban Development "Applicant Notification Letter;" August 11, 2011; all provisions which described HUD's procedures for proceeding with project-based Section 8 performance-based contract administration [PBCA] transition in states with uncontested PBCA contract awards, described HUD's plans to rebid contracts in states which had contested contract awards, and described HUD's plans to ensure continuity of operations on project-based Section 8 properties in states with contested PBCA awards. U.S. Department of Housing and Urban Development, "Annual Contributions Contract Project-Based Section 8 Contract Administration, Amendment of Term, Incentive Based Performance Standards Tasks and Fees," August 19, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5484N22], Notice of Proposed Information Collection: Comment Request; Form HUD9834 Management Review for Multifamily Housing Projects, OMB Control Number 25020178, June 10, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5484N22], Notice of Proposed Information Collection: Comment Request; Form HUD9834 Management Review for Multifamily Housing Projects, OMB Control Number 25020178, October 26, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5506-N-01], Reducing Regulatory Burden: Retrospective Review Under E.O. 13563, March 2, 2011; all provisions. U.S. Department of Housing and Urban Development Notice H 2011-20 Guidelines on Bed Bug Control and Prevention in HUD Insured and Assisted Multifamily Housing," August 16, 2011; all provisions. U.S. Department of Housing and Urban Development "Draft Changes to the Section 8 Renewal Guide," July 2010; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5413N01], Section 8 Housing Choice Voucher Program-Demonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas for Fiscal Year 2011, May 18, 2010; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5466N01], Request for Comments on Trend Factor Methodology Used in the Calculation of Fair Market Rents, March 9, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR-5575-N-01], Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2012 Notice, October 27, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5413N02], Section 8 Housing Choice Voucher ProgramDemonstration Project of Small Area Fair Market Rents in Certain Metropolitan Areas, Discussion of Comments, and Request for Participation, April 20, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5567N01], Proposed Fair Market Rents for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program Fiscal Year 2012 Notice and Request for Comments, August 19, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5526N01], Public Housing Assessment System (PHAS): Proposed Physical Condition Interim Scoring Notice, October 13. 2011; all provisions. U.S. Department of Housing and Urban Development Notice H 2011-29 Implementation of Tenant Participation Requirements in accordance with 24 CFR 245 Subpart B and HUD Handbook 4381.5 REV-2 "The Management Agent Handbook," October 13, 2011; all provisions. U.S. Department of Housing and Urban Development Office of Housing Multifamily Housing Programs Memorandum to Multifamily Property Owners on the Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, November 22, 2011; all provisions. U.S. Department of Housing and Urban Development Office of Housing Multifamily Housing Programs Follow Up Memorandum to Multifamily Property Owners Regarding Impact of HUDs Fiscal Year 2012 Budget on Section 8 Project Based Rental Assistance, December 5, 2011; all provisions. Advocated for a repeal of HUD's policy prohibiting owners of HUD-assisted mixed subsidy properties from using project expenses to pay for Low Income Housing Tax Credit compliance fees mandated by state agencies. HUD Multifamily Housing Memorandum "Tax Credit Compliance Fees and Annual Budget-Based Section 8 Rent Increase Requests" (May 31, 2011) All policies related the Department of Housing and Urban Development's: Real Estate Assesment Center scoring and procedures for HUD-assisted and/or FHA insured properties; 2530 previous participation certification policies and submission procedures; Management and Occupancy Review for owners and management agents; and HOME Investment Partnership Program. Advocated for HUD to revise its policies and handbooks regarding the use of residual receipts. Advocated on HUD nomination for Assistant Secretary for Housing / FHA Commissioner. Advocated for policies to promote long-term sustainablity and financial solvency of Low Income Housing Tax Credit Properties, especially related to the need for utility and operating cost relief. Requested clarification from U.S. Department of the Treasury (Treasury) and IRS officials regarding application of income and rent limits for properties financed with low-income housing tax credits (LIHTCs) or tax-exempt bonds (TEBs), pursuant to the "hold harmless" provisions within the Housing and Economic Recovery Act of 2008. U.S. Department of Agriculture Federal Register Notice "Reducing Regulatory Burden; Retrospective Review Under Executive Order 13563," April 20, 2011; all provisions. U.S. Department of Housing and Urban Development [Docket No. FR5298N02] "Low-Income Housing Tax Credit (LIHTC) Tenant Data Collection: Responses To Advance Solicitation of Comment on Data Collection Methodology," March 3, 2010; all provisions. HUD LIHTC Tenant Data Collection Form Revised May 2010 - OMB Approval No. 2528-0165; all provisions. Advocated for policies to address ongoing occupancy issues, including prolonged vacancies, in properties that participate in USDA Rural Multifamily Housing programs. Advocated for policies to address improper payments in USDA Rural Development's Section 521 Rural Rental Assistance program.

Proposals impacting the low-income housing credit. S.1989/H.R. 3661, to make permanent the minimum low-income housing tax credit rate for unsubsidized building and to provide a minimum 4 percent credit rate for existing buildings.

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE