Student Job Protection Act of 2017

H.R. 287 - Student Job Protection Act of 2017; all provisions H.R. 1200/S. 736- Collegiate Housing and Infrastructure Act of 2017; all provisions Draft Language - Tax Reform; all provisions H.R. 1 - Tax Cuts and Jobs Act; provisions related to higher education with a focus on provisions impacting students H.R. 1268/S. 487 - Veterinary Medicine Loan Repayment Program Enhancement Act; all provisions

Client expense: $90,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 287 - Student Job Protection Act of 2017; all provisions H.R. 1200/S. 736 - Collegiate Housing and Infrastructure Act of 2017; all provisions Draft Language - Tax Reform; all provisions H.R. 1 - Tax Cuts and Jobs Act; provisions related to higher education with a focus on provisions impacting students.

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

P.L. 115-56 (H.R. 601): Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2017 This bill makes temporary appropriations and additional funding available in order assist with disaster assistance and to avoid funding delays at the end of the Fiscal Year 2018 on September 30, 2017. In particular, Division B of the bill, Supplemental Appropriations for Disaster Relief Requirements, 2017, provides $15.25 billion in emergency funding for the Departments of Homeland Security and Housing and Urban Development and the Small Business Administration to support disaster response and assistance. Division C of the bill temporarily suspends the statutory debt limit through December 8, 2017. Division D of the bill includes a short-term continuing resolution (CR) that provides fiscal year 2018 appropriations through Friday, December 8, 2017, for the continuing projects and activities of the Federal Government.Signed by President Trump on September 8, 2018. Public Law No. 115-31 (H.R. 244): Consolidated Appropriations Act, 2017 Omnibus bill providing appropriations for the remainder of FY 2017 for all federal departments;all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. P.L. 114-70, the text of a House amendment to the Senate amendment to H.R. 2028, originally the FY2017 Energy and Water Development and Related Agencies Appropriations Act. The amendment in the nature of a substitute includes the text of the FY2017 Further Continuing and Security Assistance Act, providing continuing appropriations through 4/28/2017; all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. All policies relating to the FY18 Budget, America First, A Budget Blueprint to Make America Great Again, all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. H.R. 4185: Access to Affordable Housing Act: This bill mirrors a provision in the Senate version of the Affordable Housing Credit Improvement Act to increase the Low-Income Housing Tax Credit (LIHTC) by 50%. The bill is intended to complement the House version of the Affordable Housing Credit Improvement Act, which omits the credit expansion provision. H.R. 4560: GSE Jumpstart Reauthorization Act of 2017: This legislation would prohibit Fannie Mae and Freddie Mac contributions to the HTF and CMF for any year during which all of the GSEs quarterly profits were not transferred to the Treasury Department. The GSE net profit transfer is currently required by a joint agreement called preferred stock purchase agreements, or PSPAs, which were put into place as the GSEs came under conservatorship during the economic collapse of 2008 and amended in 2012. Because the PSPAs also require Fannie Mae and Freddie Mac to reduce to zero any capital reserves by the start of the new year, FHFA Director Mel Watt recently testified that we was working with Treasury to explore avenues for the GSEs to retain buffer funds. However, under H.R. 4560, the GSEs would not be able to make HTF contributions - seen as discretionary obligations by some - if they do not continue making their full dividend payments to Treasury. S. 548 / H.R. 1661: The Affordable Housing Credit Improvement Act. This bill seeks to expand the LIHTC and includes additional provisions to make the program more streamlined and flexible. The Housing Credit allocation authority would be expanded by 50%, which is expected to finance the development or preservation of up to 400,000 additional affordable units over the next decade (the expansion provision is excluded from the House version of the bill). The bill would also: provide a minimum 4% Housing Credit rate for the acquisition of affordable housing and for multifamily Housing Bond-financed developments; permit income averaging in Housing Credit properties to preserve rigorous targeting while providing more flexibility and responsiveness to local needs; create incentives for projects that target homeless or extremely low-income individuals and families, as well as in Native American communities; allow a non-profit or government sponsor to acquire properties when the current 15 year compliance period expires; allow LIHTC properties to claim clean energy credits such as the Energy Efficient New Homes Credit; align LIHTC rules, such as the student rule, more closely with HUD regulations; rename the LIHTC to the Affordable Housing Tax Credit (AHTC); all provision. H.R. 4667: Further Additional Supplemental Appropriations for Disaster Relief Requirements, 2017: This disaster supplemental appropriations bill provides $81 million in fiscal year 2018 emergency appropriations to several federal agencies for disaster assistance related to Hurricanes Harvey, Irma, and Maria, as well as for wildfires that occurred in 2017. Emergency spending is exempt for discretionary spending limits and other budget enforcement rules. S. 2066: Disaster Displacement Act of 2017: In response to devastation from hurricanes and wildfire this year, Senators from impacted states introduced legislation to provide housing and Medicaid assistance to families affected by a major disaster. The bill provides additional funding to HUDs Housing Choice Voucher (HCV) program to help low-income evacuees to access affordable housing under the voucher program; disaster evacuees earning less than 50% of Area Median Income would be eligible to receive assistance for affordable housing. Following approval of their applications, voucher holders would be able to rent a unit from the private market at 30% of adjusted income. Public Law No. 115-97 (H.R. 1): Tax Cuts and Jobs Act: This bill amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. It preserves the Low-Income Housing Tax Credit program, with no modifications, and retains the tax-preferred status on Multifamily Housing Bonds. The legislation lowers the top corporate tax rate from 35% to 21%, effective January 1, 2018, which will likely affect Housing Credit pricing and value. The law also creates a base erosions and anti-abuse tax (BEAT), which would make Housing Credit investment less attractive to certain investors with foreign operations. However, the final bill exempts 80% of the value of the Housing Credit from the BEAT, which could mitigate the impact. Signed by the President on December 22, 2017 P.L. No. 115-96 (H.R. 1370): Continuing Appropriations Act, 2018 and Homeland Security Act of 2002 This legislation again extends the expiration date of the Fiscal Year 2018 Continuing Resolution from December 22, 2017 to January 19, 2018. Signed by the President on December 22, 2017. P.L. No. 115-90 (H.J.Res. 123): Continuing Appropriations Act, 2018: The law provides continuing appropriations for federal agencies through the earlier of December 22, 2017, or the enactment of the applicable appropriations legislation. It prevents a government shutdown that would otherwise occur when the existing CR expires because none of the 12 FY2018 regular appropriations bills that fund the federal government have been enacted. Signed by the President on December 8, 2017. S. 1949: Affordable Housing for Educational Achievement Demonstration (AHEAD) Act: The bill encourages housing authorities, school districts, and community partners to work together in unprecedented ways to coordinate and improve educational and housing outcomes for homeless children. The AHEAD Act would help keep students permanently housed, which could improve attendance in school and reduce learning loss. S. 293 / H.R. 828: Investing in Opportunity Act. This bill aims to improve the economy of distressed areas through a capital gains tax deferment, reduction, or exemption in exchange for reinvestment in Opportunity Zones - geographically targeted low-income areas that would be designated by state governors. The capital gains from the sale or exchange any asset held by the taxpayer would be pooled into newly-created Opportunity Funds, which would be established specifically for making investments in distressed communities; all provisions. H.R. 948: Common Sense Housing Investment Act. This bill would amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction (MID) with a nonrefundable 15% tax credit on the mortgage interest of a primary and secondary residence, up to $500,000. The adjustment is expected to affect only 6% of mortgage holders currently benefitting from the MID, while the replacement would expand the mortgage interest tax benefits to more moderate and low-income homeowners. The savings, which could total $241 billion over 10 years, would be reinvested in affordable housing programs, including the LIHTC and the Housing Trust Fund; all provisions. S. 385 / H.R. 1443: Energy Savings and Industrial Competitiveness Act. Among other energy-related provisions, this bill would allow HUD to establish a demonstration program under which HUD may execute performance-based agreements with multifamily property owners that result in a reduction in energy or water costs in up to 20,000 units; all provisions related to affordable multifamily housing. S. 611 / H.R. 1511: Homeless Children and Youth Act. This bill aligns the HUD definition for homelessness with the definition used to verify eligibility for other federal programs, such as the National School Lunch Program. The adjustment would expand access to assistance programs and alleviate confusion between agencies; all provisions. S. 434 / H.R. 1145: Housing for Homeless Students Act. This bill amends the IRS housing credit guidelines to qualify low-income building units that provide housing for homeless children, youth, and veterans who are full-time students. In order to become eligible for the LIHTC, the building units student residents must have been homeless during any portion of the preceding five years (for veterans) or seven years (for children and youth); all provisions. H.R. 1260: Generational Residences and Nurturing Dwellings or GRAND Act. This bill establishes an assistance program for up to five eligible non-profit organizations for the purpose of expanding the supply of specialized housing and social services for elderly relatives who are raising a child; all provisions. S. 73: Housing Accountability Act of 2017. This bill provide standards for physical condition and management of housing receiving Section 8 assistance payments. The bill requires HUD to semi-annually survey residents living in properties that have Section 8 Housing Assistance Payment (HAP) contracts to gather direct input about living conditions and management performance. In addition, the bill would create new penalties for owners who repeatedly fail the survey; all provisions. S. 160: HUD Inspection Process and Enforcement Reform Act of 2017. This bill would shorten the required response time for a property owner to respond to contract violations from 30 days to 15 days. HUD will also be required to prepare a Compliance, Disposition and Enforcement Plan at a quicker rate, from the current 60 days to a new target of 30 days. S. 160 includes provisions that will allow HUD to terminate or demote employees overseeing inspections should they be found to be neglectful of their duties in inspecting a property, and the inspection process managed by HUDs Real Estate Assessment Center (REAC) would be audited as well; all provisions. H.R. 3160: Public Housing Tenant Protection and Reinvestment Act of 2017 This legislation seeks to preserve and revitalize the nations public housing. Specifically, the bill would authorize full funding for public housing, plus additional funding to address the backlog of capital needs; provide a loan guarantee for public housing agencies to attract outside investment into public housing units; authorize a grant program that focuses on revitalizing the most distressed public housing units; require one-for-one replacement in cases where public housing units are demolished or sold; and increase tenant protections. S. 743: A Bill to Strengthen the United States Interagency Council on Homelessness. This bipartisan legislation seeks to strengthen the United States Interagency Council on Homelessness (USICH). USICH is an independent agency that coordinates federal efforts to combat homelessness, working across 19 federal agencies and departments and with partners in both the public and private sector to find ways to streamline and improve service delivery to people experiencing homelessness. USICH is the only agency at the federal level charged specifically with addressing homelessness; this bill would eliminate the October 1, 2017 sunset date for USICH. S. 1275: Building Useful Initiatives for Indian Land Development (BUILD) Act This bill seeks to empower tribes to address homelessness and housing instabilities on Native Reservations. Specifically, S. 1275 streamlines the federal process for developing affordable housing on Native lands and gives more control over the developments to the tribes. Additionally, the bill reauthorizes and improves the Native American Housing Assistance and Self-Determination Act (NAHASDA) of 1996, which expired in 2013. S. 1333: Tribal HUD-VASH Act Seeking to combat homelessness and improve support services for Native American veterans, this legislation would authorize a joint tribal housing initiative between HUD and the VASH program. Despite high numbers of Native American veterans, less than 5% of federally-recognized tribes have received Veterans Affairs Supportive Housing during HUDs current Tribal HUD-VASH demonstration. The bill also fosters collaboration between HUD, Veterans Affairs, and the Indian Health Service in implementing housing initiatives. S. 1344: Family Self-Sufficiency Act This legislation was introduced on the 25th anniversary of HUDs FSS program, which uses financial incentives and coaching to help residents increase earnings, build savings, and achieve self-sufficiency. Titled the Family Self Sufficiency Act (S. 1344), the legislation consolidates duplicative programs, broadens services, and extends the program to Project-Based Section 8 tenants. If enacted, the bill would streamline the FSS program, which is currently divided between the Housing Choice Voucher (HCV) program and Public Housing, into one program, while also authorizing PBRA tenants to access the program. In addition, broadened services available through FSS would help tenants earn various levels of education, training, and housing stability. S.1313: Flood Insurance Affordability and Sustainability Act of 2017 Legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30, 2017. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017;H.R. 287: National Flood Insurance Program Administrative Reform Act of 2017; H.R. 1558: Repeatedly Flooded Communities Preparation Act;H.R. 1422: Flood Insurance Market Parity and Modernization Act;H.R. 2246: Taxpayer Exposure Mitigation Act of 2017; H.R. 2565: Use of Replacement Cost in Determining Premium Rates Flood Insurance Reform and Reauthorization Package: A package of seven bills were introduced in the House and Senate to reform and reauthorize the National Flood Insurance Program (NFIP), which expires on September 30th. Because houses in NFIP-designated flood plains are federally-required to purchase flood insurance, the rental and real estate market alike could be impacted by a lapse in the program or by changes to insurance rates. The House package consists of seven separate bills, including H.R. 2875, which doubles claims coverage costs from $30,000 to $60,000, and also allows the Federal Emergency Management Agency (FEMA) the discretion to invest the money before a disaster to mitigate infrastructure damage, representing a significant departure from standard after-the fact insurance models. The package also includes H.R. 1558, a bill requiring community flood mitigation action in areas repeatedly damaged by floods, which account for a small percentage of the country but a large percentage of the NFIPs claims. The House Committees NFIP reform and reauthorization package also includes efforts to establish monthly payments for insurance premiums under a lowered fee structure, upgrade national flood-mapping to accurately reflect risk, and reduce risk- and insurance-related regulations on commercial properties. H.R.10: Financial CHOICE Act of 2017 This bill proposes an overhaul of financial regulations set forth under the Dodd-Frank Wall Street Reform Act in the aftermath of the 2088 financial crisis. Included provisions impact both the Federal Housing Finance Agency - which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks - and the Consumer Financial Protection Bureau (CFPB) - which oversees mortgage and other lending. Specifically, the legislation would make the FHFA Director removable at will by the President, as opposed to the Presidents current ability to remove the Director with cause, a change that has the potential to cut short the current FHFA Directors remaining term. Unlike previous legislation by Congressman Hensarling, this years bill would not restructure the FHFA into a bipartisan commission. The legislation also includes deeper changes to the CFPB: As opposed to previous legislation seeking to convert the CFPB to a bipartisan commission, the previewed legislation renames the Bureau to the Consumer Financial Opportunity Agency (CFOA) with a sole Director removable at will and a Deputy Director also appointed and removed by the President. The CFOA would be granted enforcement authority only, without supervision functions or the ability to write new consumer protection rules. Additionally, market monitoring and fair lending enforcement would be eliminated. All policies relating to HUD Real Assessment Estate Center (REAC) physical inspection protocols All policies relating to Housing Assistance Payments (HAP) All policies relating to Project Rental Assistance Contracts (PRACs) All polices relating to HOME Investment Partnerships Program All polices relating to Project-Based Rental Assistance Program All polices relating to Housing Choice Voucher Program All polices relating to USDA-RHS Section 521 Rental Assistance Program All polices relating to Management and Occupancy Reviews(MORs) All polices relating to Performance-Based Contract Administration All polices relating to occupancy policies to HUD and Low Income Housing Tax Credit (LIHTC) program All polices relating to Rural Development Housing Preservation Grants All polices relating to USDA-RHS Section 515 Rural Rental Housing program, Section 521 Rural Rental Assistance program; Section 542 Rural Development Voucher Program and Section 538 Guaranteed Rural Rental Housing Program All policies relating to HUD's Fair Market Rents, including Small Area Fair Market Rents: Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program. All policies relating to HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing All policies relating to Revision 3 of the Rental Assistance Demonstration (RAD) Notice All policies relating to HUD Capital Needs Assessment (CNA-e) tool All policies relating to FY 2017 Lead-Based Paint Hazard Control (LBPHC) and Lead Hazard Reduction Demonstration (LHRD) NOFA All policies relating to Low-Income Housing Tax Credit Rates All policies relating to USDA Summer Food Service Program and Community Facility Program All policies related to Tax Reform All policies related to USDA reorganization efforts, including the elimination of the position of Under Secretary for Rural Development All policies related to Reducing Regulatory Burden: Enforcing Reform Agenda under Executive Order 13777." All policies related to Violence Against Women Act (VAWA) Reauthorization Act of 2013 - Additional Guidance for Multifamily Owners and Management Agents and VAWA Guidance issued for PHAs and Owners in Public Housing, HCV, and Mod Rehab programs. All policies related to the 2020 Decennial Census. All policies related to FHFA federal regulation on Fannie Mae and Freddie Mac Duty to Serve Under-served Markets All policies related to federal hurricane assistance for all individuals and communities impacted by the devastation caused by Hurricanes Harvey, Irma and Maria, including households with the lowest incomes (September 28, 2017). NAHMA signed onto an industry letter to Senate Majority and Minority Leaders urging for a prompt confirmation vote for Pamela Patenaude to be HUD Deputy Secretary. (Sept. 5, 2017) NAHMA signed onto an industry letter to Senate Majority and Minority Leaders urging for a prompt confirmation vote for Paul Compton to be HUD General Counsel.(Sept. 25, 2017) NAHMA co-sponsored a briefing on the Hill to introduce congressional staff to the issue of preserving affordable rural rental housing.(September 8, 2017)

H.R. 287 - Student Job Protection Act of 2017; all provisions House Draft/Senate Draft - Endowment Bill (Reed/Hatch); all provisions H.R. 1200/S. 736 - Collegiate Housing and Infrastructure Act of 2017; all provisions Draft Language - Tax Reform; all provisions

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

H.R. 287 - Student Job Protection Act of 2017; all provisions House Draft/Senate Draft - Endowment Bill (Reed/Hatch); all provisions H.R. 1200/S. 736 - Collegiate Housing and Infrastructure Act of 2017; all provisions Draft Language - Tax Reform; all provisions

Client expense: $50,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

P.L. 115-56 (H.R. 601): Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2017 This bill makes temporary appropriations and additional funding available in order assist with disaster assistance and to avoid funding delays at the end of the Fiscal Year 2018 on September 30, 2017. In particular, Division B of the bill, Supplemental Appropriations for Disaster Relief Requirements, 2017, provides $15.25 billion in emergency funding for the Departments of Homeland Security and Housing and Urban Development and the Small Business Administration to support disaster response and assistance. Division C of the bill temporarily suspends the statutory debt limit through December 8, 2017. Division D of the bill includes a short-term continuing resolution (CR) that provides fiscal year 2018 appropriations through Friday, December 8, 2017, for the continuing projects and activities of the Federal Government.Signed by President Trump on September 8, 2018. Public Law No. 115-31 (H.R. 244): Consolidated Appropriations Act, 2017 Omnibus bill providing appropriations for the remainder of FY 2017 for all federal departments;all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. P.L. 114-70, the text of a House amendment to the Senate amendment to H.R. 2028, originally the FY2017 Energy and Water Development and Related Agencies Appropriations Act. The amendment in the nature of a substitute includes the text of the FY2017 Further Continuing and Security Assistance Act, providing continuing appropriations through 4/28/2017; all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. All policies relating to the FY18 Budget, America First, A Budget Blueprint to Make America Great Again, all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. S. 548 / H.R. 1661: The Affordable Housing Credit Improvement Act. This bill seeks to expand the LIHTC and includes additional provisions to make the program more streamlined and flexible. The Housing Credit allocation authority would be expanded by 50%, which is expected to finance the development or preservation of up to 400,000 additional affordable units over the next decade (the expansion provision is excluded from the House version of the bill). The bill would also: provide a minimum 4% Housing Credit rate for the acquisition of affordable housing and for multifamily Housing Bond-financed developments; permit income averaging in Housing Credit properties to preserve rigorous targeting while providing more flexibility and responsiveness to local needs; create incentives for projects that target homeless or extremely low-income individuals and families, as well as in Native American communities; allow a non-profit or government sponsor to acquire properties when the current 15 year compliance period expires; allow LIHTC properties to claim clean energy credits such as the Energy Efficient New Homes Credit; align LIHTC rules, such as the student rule, more closely with HUD regulations; rename the LIHTC to the Affordable Housing Tax Credit (AHTC); all provision. S. 293 / H.R. 828: Investing in Opportunity Act. This bill aims to improve the economy of distressed areas through a capital gains tax deferment, reduction, or exemption in exchange for reinvestment in Opportunity Zones - geographically targeted low-income areas that would be designated by state governors. The capital gains from the sale or exchange any asset held by the taxpayer would be pooled into newly-created Opportunity Funds, which would be established specifically for making investments in distressed communities; all provisions. H.R. 948: Common Sense Housing Investment Act. This bill would amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction (MID) with a nonrefundable 15% tax credit on the mortgage interest of a primary and secondary residence, up to $500,000. The adjustment is expected to affect only 6% of mortgage holders currently benefitting from the MID, while the replacement would expand the mortgage interest tax benefits to more moderate and low-income homeowners. The savings, which could total $241 billion over 10 years, would be reinvested in affordable housing programs, including the LIHTC and the Housing Trust Fund; all provisions. S. 385 / H.R. 1443: Energy Savings and Industrial Competitiveness Act. Among other energy-related provisions, this bill would allow HUD to establish a demonstration program under which HUD may execute performance-based agreements with multifamily property owners that result in a reduction in energy or water costs in up to 20,000 units; all provisions related to affordable multifamily housing. S. 611 / H.R. 1511: Homeless Children and Youth Act. This bill aligns the HUD definition for homelessness with the definition used to verify eligibility for other federal programs, such as the National School Lunch Program. The adjustment would expand access to assistance programs and alleviate confusion between agencies; all provisions. S. 434 / H.R. 1145: Housing for Homeless Students Act. This bill amends the IRS housing credit guidelines to qualify low-income building units that provide housing for homeless children, youth, and veterans who are full-time students. In order to become eligible for the LIHTC, the building units student residents must have been homeless during any portion of the preceding five years (for veterans) or seven years (for children and youth); all provisions. H.R. 1260: Generational Residences and Nurturing Dwellings or GRAND Act. This bill establishes an assistance program for up to five eligible non-profit organizations for the purpose of expanding the supply of specialized housing and social services for elderly relatives who are raising a child; all provisions. S. 73: Housing Accountability Act of 2017. This bill provide standards for physical condition and management of housing receiving Section 8 assistance payments. The bill requires HUD to semi-annually survey residents living in properties that have Section 8 Housing Assistance Payment (HAP) contracts to gather direct input about living conditions and management performance. In addition, the bill would create new penalties for owners who repeatedly fail the survey; all provisions. S. 160: HUD Inspection Process and Enforcement Reform Act of 2017. This bill would shorten the required response time for a property owner to respond to contract violations from 30 days to 15 days. HUD will also be required to prepare a Compliance, Disposition and Enforcement Plan at a quicker rate, from the current 60 days to a new target of 30 days. S. 160 includes provisions that will allow HUD to terminate or demote employees overseeing inspections should they be found to be neglectful of their duties in inspecting a property, and the inspection process managed by HUDs Real Estate Assessment Center (REAC) would be audited as well; all provisions. H.R. 3160: Public Housing Tenant Protection and Reinvestment Act of 2017 This legislation seeks to preserve and revitalize the nations public housing. Specifically, the bill would authorize full funding for public housing, plus additional funding to address the backlog of capital needs; provide a loan guarantee for public housing agencies to attract outside investment into public housing units; authorize a grant program that focuses on revitalizing the most distressed public housing units; require one-for-one replacement in cases where public housing units are demolished or sold; and increase tenant protections. S. 743: A Bill to Strengthen the United States Interagency Council on Homelessness. This bipartisan legislation seeks to strengthen the United States Interagency Council on Homelessness (USICH). USICH is an independent agency that coordinates federal efforts to combat homelessness, working across 19 federal agencies and departments and with partners in both the public and private sector to find ways to streamline and improve service delivery to people experiencing homelessness. USICH is the only agency at the federal level charged specifically with addressing homelessness; this bill would eliminate the October 1, 2017 sunset date for USICH. S. 1275: Building Useful Initiatives for Indian Land Development (BUILD) Act This bill seeks to empower tribes to address homelessness and housing instabilities on Native Reservations. Specifically, S. 1275 streamlines the federal process for developing affordable housing on Native lands and gives more control over the developments to the tribes. Additionally, the bill reauthorizes and improves the Native American Housing Assistance and Self-Determination Act (NAHASDA) of 1996, which expired in 2013. S. 1333: Tribal HUD-VASH Act Seeking to combat homelessness and improve support services for Native American veterans, this legislation would authorize a joint tribal housing initiative between HUD and the VASH program. Despite high numbers of Native American veterans, less than 5% of federally-recognized tribes have received Veterans Affairs Supportive Housing during HUDs current Tribal HUD-VASH demonstration. The bill also fosters collaboration between HUD, Veterans Affairs, and the Indian Health Service in implementing housing initiatives. S. 1344: Family Self-Sufficiency Act This legislation was introduced on the 25th anniversary of HUDs FSS program, which uses financial incentives and coaching to help residents increase earnings, build savings, and achieve self-sufficiency. Titled the Family Self Sufficiency Act (S. 1344), the legislation consolidates duplicative programs, broadens services, and extends the program to Project-Based Section 8 tenants. If enacted, the bill would streamline the FSS program, which is currently divided between the Housing Choice Voucher (HCV) program and Public Housing, into one program, while also authorizing PBRA tenants to access the program. In addition, broadened services available through FSS would help tenants earn various levels of education, training, and housing stability. S.1313: Flood Insurance Affordability and Sustainability Act of 2017 Legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30, 2017. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017;H.R. 287: National Flood Insurance Program Administrative Reform Act of 2017; H.R. 1558: Repeatedly Flooded Communities Preparation Act;H.R. 1422: Flood Insurance Market Parity and Modernization Act;H.R. 2246: Taxpayer Exposure Mitigation Act of 2017; H.R. 2565: Use of Replacement Cost in Determining Premium Rates Flood Insurance Reform and Reauthorization Package: A package of seven bills were introduced in the House and Senate to reform and reauthorize the National Flood Insurance Program (NFIP), which expires on September 30th. Because houses in NFIP-designated flood plains are federally-required to purchase flood insurance, the rental and real estate market alike could be impacted by a lapse in the program or by changes to insurance rates. The House package consists of seven separate bills, including H.R. 2875, which doubles claims coverage costs from $30,000 to $60,000, and also allows the Federal Emergency Management Agency (FEMA) the discretion to invest the money before a disaster to mitigate infrastructure damage, representing a significant departure from standard after-the fact insurance models. The package also includes H.R. 1558, a bill requiring community flood mitigation action in areas repeatedly damaged by floods, which account for a small percentage of the country but a large percentage of the NFIPs claims. The House Committees NFIP reform and reauthorization package also includes efforts to establish monthly payments for insurance premiums under a lowered fee structure, upgrade national flood-mapping to accurately reflect risk, and reduce risk- and insurance-related regulations on commercial properties. H.R.10: Financial CHOICE Act of 2017 This bill proposes an overhaul of financial regulations set forth under the Dodd-Frank Wall Street Reform Act in the aftermath of the 2088 financial crisis. Included provisions impact both the Federal Housing Finance Agency - which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks - and the Consumer Financial Protection Bureau (CFPB) - which oversees mortgage and other lending. Specifically, the legislation would make the FHFA Director removable at will by the President, as opposed to the Presidents current ability to remove the Director with cause, a change that has the potential to cut short the current FHFA Directors remaining term. Unlike previous legislation by Congressman Hensarling, this years bill would not restructure the FHFA into a bipartisan commission. The legislation also includes deeper changes to the CFPB: As opposed to previous legislation seeking to convert the CFPB to a bipartisan commission, the previewed legislation renames the Bureau to the Consumer Financial Opportunity Agency (CFOA) with a sole Director removable at will and a Deputy Director also appointed and removed by the President. The CFOA would be granted enforcement authority only, without supervision functions or the ability to write new consumer protection rules. Additionally, market monitoring and fair lending enforcement would be eliminated. All policies relating to HUD Real Assessment Estate Center (REAC) physical inspection protocols All policies relating to Housing Assistance Payments (HAP) All policies relating to Project Rental Assistance Contracts (PRACs) All polices relating to HOME Investment Partnerships Program All polices relating to Project-Based Rental Assistance Program All polices relating to Housing Choice Voucher Program All polices relating to USDA-RHS Section 521 Rental Assistance Program All polices relating to Management and Occupancy Reviews(MORs) All polices relating to Performance-Based Contract Administration All polices relating to occupancy policies to HUD and Low Income Housing Tax Credit (LIHTC) program All polices relating to Rural Development Housing Preservation Grants All polices relating to USDA-RHS Section 515 Rural Rental Housing program, Section 521 Rural Rental Assistance program; Section 542 Rural Development Voucher Program and Section 538 Guaranteed Rural Rental Housing Program All policies relating to FY17 Fair Market Rents: Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program. All policies relating to HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing All policies relating to Revision 3 of the Rental Assistance Demonstration (RAD) Notice All policies relating to HUD Capital Needs Assessment (CNA-e) tool All policies relating to FY 2017 Lead-Based Paint Hazard Control (LBPHC) and Lead Hazard Reduction Demonstration (LHRD) NOFA All policies relating to Low-Income Housing Tax Credit Rates All policies relating to USDA Summer Food Service Program and Community Facility Program All policies related to Tax Reform All policies related to USDA reorganization efforts, including the elimination of the position of Under Secretary for Rural Development All policies related to Reducing Regulatory Burden: Enforcing Reform Agenda under Executive Order 13777." All policies related to Violence Against Women Act (VAWA) Reauthorization Act of 2013 - Additional Guidance for Multifamily Owners and Management Agents and VAWA Guidance issued for PHAs and Owners in Public Housing, HCV, and Mod Rehab programs. All policies related to FHFA federal regulation on Fannie Mae and Freddie Mac Duty to Serve Under-served Markets All policies related to federal hurricane assistance for all individuals and communities impacted by the devastation caused by Hurricanes Harvey, Irma and Maria, including households with the lowest incomes (September 28, 2017). NAHMA signed onto an industry letter to Senate Majority and Minority Leaders urging for a prompt confirmation vote for Pamela Patenaude to be HUD Deputy Secretary. (Sept. 5, 2017) NAHMA signed onto an industry letter to Senate Majority and Minority Leaders urging for a prompt confirmation vote for Paul Compton to be HUD General Counsel.(Sept. 25, 2017) NAHMA co-sponsored a briefing on the Hill to introduce congressional staff to the issue of preserving affordable rural rental housing.(September 8, 2017)

H.R. 287 - Student Job Protection Act of 2017; all provisions House Draft/Senate Draft - Endowment Bill (Reed/Hatch); all provisions H.R. 1200/S. 736 Collegiate Housing and Infrastructure Act of 2017; all provisions H.R. 1268/ S. 487 Veterinary Medicine Loan Repayment Program Enhancement Act; all provisions

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

Public Law No. 115-31 (H.R. 244): Consolidated Appropriations Act, 2017 Omnibus bill providing appropriations for the remainder of FY 2017 for all federal departments;all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. P.L. 114-70, the text of a House amendment to the Senate amendment to H.R. 2028, originally the FY2017 Energy and Water Development and Related Agencies Appropriations Act. The amendment in the nature of a substitute includes the text of the FY2017 Further Continuing and Security Assistance Act, providing continuing appropriations through 4/28/2017; all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. All policies relating to the FY18 Budget, America First, A Budget Blueprint to Make America Great Again, all provisions related to HUD, USDA-RD, Treasury/IRS, and other federal affordable multifamily housing programs. S. 548 / H.R. 1661: The Affordable Housing Credit Improvement Act. This bill seeks to expand the LIHTC and includes additional provisions to make the program more streamlined and flexible. The Housing Credit allocation authority would be expanded by 50%, which is expected to finance the development or preservation of up to 400,000 additional affordable units over the next decade (the expansion provision is excluded from the House version of the bill). The bill would also: provide a minimum 4% Housing Credit rate for the acquisition of affordable housing and for multifamily Housing Bond-financed developments; permit income averaging in Housing Credit properties to preserve rigorous targeting while providing more flexibility and responsiveness to local needs; create incentives for projects that target homeless or extremely low-income individuals and families, as well as in Native American communities; allow a non-profit or government sponsor to acquire properties when the current 15 year compliance period expires; allow LIHTC properties to claim clean energy credits such as the Energy Efficient New Homes Credit; align LIHTC rules, such as the student rule, more closely with HUD regulations; rename the LIHTC to the Affordable Housing Tax Credit (AHTC); all provision. S. 293 / H.R. 828: Investing in Opportunity Act. This bill aims to improve the economy of distressed areas through a capital gains tax deferment, reduction, or exemption in exchange for reinvestment in Opportunity Zones - geographically targeted low-income areas that would be designated by state governors. The capital gains from the sale or exchange any asset held by the taxpayer would be pooled into newly-created Opportunity Funds, which would be established specifically for making investments in distressed communities; all provisions. H.R. 948: Common Sense Housing Investment Act. This bill would amend the Internal Revenue Code of 1986 to replace the mortgage interest deduction (MID) with a nonrefundable 15% tax credit on the mortgage interest of a primary and secondary residence, up to $500,000. The adjustment is expected to affect only 6% of mortgage holders currently benefitting from the MID, while the replacement would expand the mortgage interest tax benefits to more moderate and low-income homeowners. The savings, which could total $241 billion over 10 years, would be reinvested in affordable housing programs, including the LIHTC and the Housing Trust Fund; all provisions. S. 385 / H.R. 1443: Energy Savings and Industrial Competitiveness Act. Among other energy-related provisions, this bill would allow HUD to establish a demonstration program under which HUD may execute performance-based agreements with multifamily property owners that result in a reduction in energy or water costs in up to 20,000 units; all provisions related to affordable multifamily housing. S. 611 / H.R. 1511: Homeless Children and Youth Act. This bill aligns the HUD definition for homelessness with the definition used to verify eligibility for other federal programs, such as the National School Lunch Program. The adjustment would expand access to assistance programs and alleviate confusion between agencies; all provisions. S. 434 / H.R. 1145: Housing for Homeless Students Act. This bill amends the IRS housing credit guidelines to qualify low-income building units that provide housing for homeless children, youth, and veterans who are full-time students. In order to become eligible for the LIHTC, the building units student residents must have been homeless during any portion of the preceding five years (for veterans) or seven years (for children and youth); all provisions. H.R. 1260: Generational Residences and Nurturing Dwellings or GRAND Act. This bill establishes an assistance program for up to five eligible non-profit organizations for the purpose of expanding the supply of specialized housing and social services for elderly relatives who are raising a child; all provisions. S. 73: Housing Accountability Act of 2017. This bill provide standards for physical condition and management of housing receiving Section 8 assistance payments. The bill requires HUD to semi-annually survey residents living in properties that have Section 8 Housing Assistance Payment (HAP) contracts to gather direct input about living conditions and management performance. In addition, the bill would create new penalties for owners who repeatedly fail the survey; all provisions. S. 160: HUD Inspection Process and Enforcement Reform Act of 2017. This bill would shorten the required response time for a property owner to respond to contract violations from 30 days to 15 days. HUD will also be required to prepare a Compliance, Disposition and Enforcement Plan at a quicker rate, from the current 60 days to a new target of 30 days. S. 160 includes provisions that will allow HUD to terminate or demote employees overseeing inspections should they be found to be neglectful of their duties in inspecting a property, and the inspection process managed by HUDs Real Estate Assessment Center (REAC) would be audited as well; all provisions. H.R. 3160: Public Housing Tenant Protection and Reinvestment Act of 2017 This legislation seeks to preserve and revitalize the nations public housing. Specifically, the bill would authorize full funding for public housing, plus additional funding to address the backlog of capital needs; provide a loan guarantee for public housing agencies to attract outside investment into public housing units; authorize a grant program that focuses on revitalizing the most distressed public housing units; require one-for-one replacement in cases where public housing units are demolished or sold; and increase tenant protections. S. 743: A Bill to Strengthen the United States Interagency Council on Homelessness. This bipartisan legislation seeks to strengthen the United States Interagency Council on Homelessness (USICH). USICH is an independent agency that coordinates federal efforts to combat homelessness, working across 19 federal agencies and departments and with partners in both the public and private sector to find ways to streamline and improve service delivery to people experiencing homelessness. USICH is the only agency at the federal level charged specifically with addressing homelessness; this bill would eliminate the October 1, 2017 sunset date for USICH. S. 1275: Building Useful Initiatives for Indian Land Development (BUILD) Act This bill seeks to empower tribes to address homelessness and housing instabilities on Native Reservations. Specifically, S. 1275 streamlines the federal process for developing affordable housing on Native lands and gives more control over the developments to the tribes. Additionally, the bill reauthorizes and improves the Native American Housing Assistance and Self-Determination Act (NAHASDA) of 1996, which expired in 2013. S. 1333: Tribal HUD-VASH Act Seeking to combat homelessness and improve support services for Native American veterans, this legislation would authorize a joint tribal housing initiative between HUD and the VASH program. Despite high numbers of Native American veterans, less than 5% of federally-recognized tribes have received Veterans Affairs Supportive Housing during HUDs current Tribal HUD-VASH demonstration. The bill also fosters collaboration between HUD, Veterans Affairs, and the Indian Health Service in implementing housing initiatives. S. 1344: Family Self-Sufficiency Act This legislation was introduced on the 25th anniversary of HUDs FSS program, which uses financial incentives and coaching to help residents increase earnings, build savings, and achieve self-sufficiency. Titled the Family Self Sufficiency Act (S. 1344), the legislation consolidates duplicative programs, broadens services, and extends the program to Project-Based Section 8 tenants. If enacted, the bill would streamline the FSS program, which is currently divided between the Housing Choice Voucher (HCV) program and Public Housing, into one program, while also authorizing PBRA tenants to access the program. In addition, broadened services available through FSS would help tenants earn various levels of education, training, and housing stability. S.1313: Flood Insurance Affordability and Sustainability Act of 2017 Legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30, 2017. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017;H.R. 287: National Flood Insurance Program Administrative Reform Act of 2017; H.R. 1558: Repeatedly Flooded Communities Preparation Act;H.R. 1422: Flood Insurance Market Parity and Modernization Act;H.R. 2246: Taxpayer Exposure Mitigation Act of 2017; H.R. 2565: Use of Replacement Cost in Determining Premium Rates Flood Insurance Reform and Reauthorization Package: A package of seven bills were introduced in the House and Senate to reform and reauthorize the National Flood Insurance Program (NFIP), which expires on September 30th. Because houses in NFIP-designated flood plains are federally-required to purchase flood insurance, the rental and real estate market alike could be impacted by a lapse in the program or by changes to insurance rates. The House package consists of seven separate bills, including H.R. 2875, which doubles claims coverage costs from $30,000 to $60,000, and also allows the Federal Emergency Management Agency (FEMA) the discretion to invest the money before a disaster to mitigate infrastructure damage, representing a significant departure from standard after-the fact insurance models. The package also includes H.R. 1558, a bill requiring community flood mitigation action in areas repeatedly damaged by floods, which account for a small percentage of the country but a large percentage of the NFIPs claims. The House Committees NFIP reform and reauthorization package also includes efforts to establish monthly payments for insurance premiums under a lowered fee structure, upgrade national flood-mapping to accurately reflect risk, and reduce risk- and insurance-related regulations on commercial properties. H.R.10: Financial CHOICE Act of 2017 This bill proposes an overhaul of financial regulations set forth under the Dodd-Frank Wall Street Reform Act in the aftermath of the 2088 financial crisis. Included provisions impact both the Federal Housing Finance Agency - which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks - and the Consumer Financial Protection Bureau (CFPB) - which oversees mortgage and other lending. Specifically, the legislation would make the FHFA Director removable at will by the President, as opposed to the Presidents current ability to remove the Director with cause, a change that has the potential to cut short the current FHFA Directors remaining term. Unlike previous legislation by Congressman Hensarling, this years bill would not restructure the FHFA into a bipartisan commission. The legislation also includes deeper changes to the CFPB: As opposed to previous legislation seeking to convert the CFPB to a bipartisan commission, the previewed legislation renames the Bureau to the Consumer Financial Opportunity Agency (CFOA) with a sole Director removable at will and a Deputy Director also appointed and removed by the President. The CFOA would be granted enforcement authority only, without supervision functions or the ability to write new consumer protection rules. Additionally, market monitoring and fair lending enforcement would be eliminated. All policies relating to HUD Real Assessment Estate Center (REAC) physical inspection protocols All policies relating to Housing Assistance Payments (HAP) All policies relating to Project Rental Assistance Contracts (PRACs) All polices relating to HOME Investment Partnerships Program All polices relating to Project-Based Rental Assistance Program All polices relating to Housing Choice Voucher Program All polices relating to USDA-RHS Section 521 Rental Assistance Program All polices relating to Management and Occupancy Reviews(MORs) All polices relating to Performance-Based Contract Administration All polices relating to occupancy policies to HUD and Low Income Housing Tax Credit (LIHTC) program All polices relating to Rural Development Housing Preservation Grants All polices relating to USDA-RHS Section 515 Rural Rental Housing program, Section 521 Rural Rental Assistance program; Section 542 Rural Development Voucher Program and Section 538 Guaranteed Rural Rental Housing Program All policies relating to FY17 Fair Market Rents: Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program. All policies relating to HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing All policies relating to Revision 3 of the Rental Assistance Demonstration (RAD) Notice All policies relating to HUD Capital Needs Assessment (CNA-e) tool All policies relating to FY 2017 Lead-Based Paint Hazard Control (LBPHC) and Lead Hazard Reduction Demonstration (LHRD) NOFA All policies relating to Low-Income Housing Tax Credit Rates All policies relating to USDA Summer Food Service Program and Community Facility Program All policies related to Tax Reform All policies related to USDA reorganization efforts, including the elimination of the position of Under Secretary for Rural Development All policies related to Reducing Regulatory Burden: Enforcing Reform Agenda under Executive Order 13777." All policies related to Violence Against Women Act (VAWA) Reauthorization Act of 2013 - Additional Guidance for Multifamily Owners and Management Agents and VAWA Guidance issued for PHAs and Owners in Public Housing, HCV, and Mod Rehab programs. All policies related to FHFA federal regulation on Fannie Mae and Freddie Mac Duty to Serve Under-served Markets

H.R. 287 - Student Job Protection Act of 2017; all provisions House Draft/Senate Draft - Endowment Bill (Reed/Hatch); all provisions H.R. 1200/S. 736 - Collegiate Housing and Infrastructure Act of 2017; all provisions H.R. 1268/S. 487 - Veterinary Medicine Loan Repayment Program Enhancement Act; all provisions

Client expense: $100,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

H.R. 287 - Student Job Protection Act of 2017; all provisions House Draft/Senate Draft - Endowment Bill (Reed/Hatch); all provisions H.R. 1200/S. 736 - Collegiate Housing and Infrastructure Act of 2017; all provisions H.R. 1268/S. 487 - Veterinary Medicine Loan Repayment Program Enhancement Act; all provisions

Client expense: $100,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE