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Legislative Progress
Introduced
February 2, 2017
Latest Action
February 2, 2017
Primary Sponsor
Patrick J. TiberiRepublican(OH)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 7,393 other HR bills in the 115th — cohort avg 50d
Investing in Opportunity Act This bill amends the Internal Revenue Code to authorize the designation of opportunity zones in low-income communities and to provide tax incentives for investments in the zones, including deferring the recognition of capital gains that are reinvested in the zones. Governors may submit nominations for a limited number of opportunity zones to the Department of the Treasury for certification and designation. Governors must give particular consideration to areas that: are currently the focus of mutually reinforcing state, local, or private economic development initiatives to attract investment and foster startup activity; have demonstrated success in geographically targeted development programs such as promise zones, the new markets tax credit, empowerment zones, and renewal communities; and have recently experienced significant layoffs due to business closures or relocations. Treasury must designate zones if a governor fails to submit nominations within a specified period of time. An "opportunity fund" is any investment vehicle organized as a corporation or a partnership to invest in opportunity zones that holds at least 90% of its assets in opportunity zone assets. Taxpayers may temporarily defer the recognition of capital gains that are invested in opportunity zones. Investments in opportunity zones or opportunity funds that are held for at least five years are eligible for capital gains tax reductions or exemptions, depending on how long the investment is held. Treasury must report to Congress on the opportunity zone incentives enacted in this bill, including an assessment of opportunity fund investments at the national and state levels.
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Filing registrants (8)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov
2018 · fourth_quarter · Economics/Economic Development
Issues related to economic development of S. 293/H.R. 828 the Investing in Opportunity Act.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit, Opportunity Zones, and the UBIT Fringe Benefits Tax. All policies relating to the Low Income Housing Tax Credit. Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. Signed by the President on March 23, 2018. 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. 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 provisions 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. H.R.6671/S.3250 - Rent Relief Act of 2018 - This bill amends the Internal Revenue Code to allow a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year. The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 150% of the fair market rent (including the utility allowance) for the residence may not be taken into account for the purpose of determining the amount of the credit. For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence. S.3365 - Middle-Income Housing Tax Credit Act of 2018 - This bill amends the Internal Revenue Code to allow a tax credit for the development of housing for middle-income households. The credit is based on the existing low-income housing tax credit and applies to the development or rehabilitation of residential rental properties if: (1) 60% or more of the residential units in the project are both rent-restricted and occupied by individuals whose income is 100% or less of the area median gross income, and (2) the project is not federally subsidized or financed with a federally funded grant. The credits are allocated to each state based on population, and state housing agencies then distribute the credits to developers using a competitive process. The credits are paid over a 15-year credit period, and the amounts of the credits are based on a percentage of a project's qualified basis, which is the portion of the project dedicated to affordable middle-income housing. The credit dollar amount allocated to a project may not exceed the amount that is necessary for the financial feasibility of the project and its viability as a qualified middle-income housing project throughout the credit period. To qualify for the credit, the developer must make a long-term commitment to middle-income housing, under which the affordability restrictions for a property remain in place for at least an additional 15 years after the close of the credit period. 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).
Client expense: $135,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
2018 · fourth_quarter · Housing
H.R. 695 - Department of Defense Appropriations Act - The bill sought to provide continuing FY2019 appropriations to several federal agencies through February 8, 2019. It also aimed to provide additional appropriations for U.S. Customs and Border Protection, extend Medicaid provisions, and provide supplemental appropriations for disaster relief. Pub.L. No: 115-2998 (H.J.Res. 143) - Making further continuing appropriations for fiscal year 2019- the resolution is known as a continuing resolution (CR) to extend fiscal year 2018 funding until December 21, 2018. The CR prevented a partial government shutdown for HUD, USDA and other agencies that would have otherwise occurred when the existing CR expired on December 7th, 2018. Pub.L.No: 115-245 (H.R.6157) - Department of Defense and Labor, Health and Human Services, and Education Appropriations Act, 2019 and Continuing Appropriations Act, 2019 - government funding bill that covers the Depts. of Defense, Labor, HHS and Education for fiscal year 2019 (FY19), while enacting a short-term Continuing Resolution (CR) for those agencies not covered, including HUD and USDA. The President signed the bill, which provided funding at FY18 levels for HUD, USDA, and a few other federal agencies through December 7, 2018. S.3231 - Task Force on the Impact of the Affordable Housing Crisis Act of 2018- a bill to evaluate and quantify how the affordable housing crisis impacts life outcomes and increases costs for non-housing programs at the federal, state, and local levels. The task force will also make recommendations to Congress on how to use affordable housing to improve the effectiveness of other federal programs. H.R. 5793: The Housing Choice Voucher Mobility Demonstration Act of 2018 H.R. 5793 authorizes the Secretary of HUD to carry out a housing choice voucher (HCV) mobility demonstration to encourage families receiving vouchers to move to lower-poverty areas and expand access to opportunity areas. Under the legislation, HUD would identify PHAs to participate in the mobility demonstration program through a competitive process, and some requirements could be waived or adjusted for the participating PHAs. This bill is sponsored by Financial Services Subcommittee leaders Sean Duffy (R-WI) and Emanuel Cleaver (D-MO). Following a positive hearing on the bill this spring, the House Financial Services Committee approved the bill in a unanimous vote in May, 2018; the bill passed the House floor by a vote of 368-19 in July 2018 and was sent to the Senate for consideration. H.R. 5735: Transitional Housing for Recovery in Viable Environments Demonstration Program Act or the THRIVE Act H.R. 5735 is a bill to set aside housing vouchers for transitional housing for substance abuse recovery. Also called the THRIVE Act, the bill would establish a 5-year demonstration program to set aside the lesser of 10,000 vouchers or .05 percent of all vouchers in order to provide housing assistance for 12-24 months to individuals recovering from substance abuse. Only non-profits providing drug treatment and services would be eligible to administer the vouchers (not PHAs); amendments to provide new funding for the demonstration program (as opposed to setting aside existing vouchers) and to require PHAs to administer the vouchers and housing services in partnership with non-profits were not adopted by the Committee.The THRIVE Act was introduced by Representative Barr (R-KY) and passed the House Financial Services Committee on a mostly partisan basis in early June, 2018. Later that month, the bill was passed by the House and sent to the Senate for consideration. Public Law No: 115-174 (S. 2155): Economic Growth, Regulatory Relief, and Consumer Protection Act This law overhauls the 2010 Dodd-Frank Act, which had enacted banking and financial reform regulations following the 2008 financial crisis. The law also includes provisions from the bipartisan Family Self-Sufficiency Act, which would relieve some regulatory burden to administer the FSS program, broaden the supportive services provided to participants, and clarify expanded access to project-based tenants. Signed by the President on May 24, 2018. Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. The Rental Demonstration Program (RAD) was also expanded to Senior 202 PRAC conversions, the unit cap was more than doubled, and the sunset date was pushed to 2024. The US Interagency Council on Homelessness (USICH) was extended for two years, and the National Flood Insurance Program was temporarily extended until July 1, 2018. Also maintained in this omnibus bill were physical inspection requirements for HUD-assisted properties. Signed by the President on March 23, 2018. P.L.No.: 115-123 (H.R. 1892): Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of March 23, 2018, or the enactment of the applicable appropriations legislation, and appropriated supplemental appropriations for disaster relief. Signed by the President on February 9, 2018. P.L. No.: 115-120 (H.R. 195): Continuing Appropriations Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of February 8, 2018, or the enactment of the applicable appropriations legislation. It reopened the government following a brief shutdown that occurred because the previous CR expired and none of the 12 FY2018 regular appropriations bills that fund the federal government have been enacted. Signed by the President on January 22, 2018. P.L. 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. The bill also enacted "Investing in Opportunity Act" provisions. 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 prevented a government shutdown that would have otherwise occured when the CR expired. Signed by the President on December 8, 2017. 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, 2017. 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. 2574 / H.R. 5352: Rural Housing Preservation Act of 2018 The Rural Housing Preservation Act provides rural housing vouchers to residents who live in properties with prepaid or maturing loans, while ensuring the values of housing vouchers are flexible so they can provide assistance to beneficiaries in higher cost areas. The House and Senate bills also decouple rental assistance from the term of a mortgage, allowing USDA to renew rental assistance for a property regardless of the length of the mortgage, and make it easier for non-profit entities to acquire Section 515 properties. The bills also permanently authorize the Multifamily Preservation and Revitalization Restructuring Program to operate in the future. 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 provisions. 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. 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. 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. 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. H.R.7262/S.3503: American Housing and Economic Mobility Act. This bill calls for using federal funds to build 3.2 million affordable housing units over ten years, which Sen. Warren says would bring rents down 10% and create 1.5 million new jobs. The bill would also create an infrastructure grant program to incentivize local governments to address restrictive zoning laws, while also broadening Community Reinvestment Act requirements to include credit unions and community banks. The measure also provides down payment assistance aimed at borrowers historically denied mortgages, as well as families who have not recovered from losing homes during the financial crisis. The bill, which is one of a number of recent housing initiatives proposed by prominent lawmakers, also proposes adjusting the Fair Housing Act to include protections for gender identity, sexual orientation, marital status, and source of income. To fund the proposals, the bill would repeal recent estate tax cuts for wealthiest families. H.R.7050/S.3342: Housing, Opportunity, Mobility, and Equity Act of 2018.This bill requires Community Development Block Grant (CDBG) recipients to develop a strategy to support inclusive zoning policies. The bill also provides a refundable tax credit to individuals who spend more than 30% of their income on rent. The legislation would amend the Fair Credit Reporting Act to prohibit a consumer reporting agency from creating a report containing a landlord-tenant court or other housing court record unless the case resulted in a judgment of possession, the decision is not being appealed, and the record is not more than three years old. Additionally, if a person takes an adverse action against a consumer based upon a housing court record, the person would have to provide the consumer a free copy of the report. Under the legislation, the Consumer Financial Protection Bureau would be required to (1) issue regulations that direct tenant rating agencies to create a central source for consumers to obtain reports and submit disputes, and (2) report on tenant rating agency compliance. 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. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017; H.R. 2875: 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 Depts. of HUD, Treasury, and USDA Disaster Recovery efforts in PDD-areas. All policies relating to Federal Financing Bank Risk Share Initiative All policies relating to HUD Real Assessment Estate Center (REAC) All policies relating to Housing Assistance Payments (HAP) All policies relating to Project Rental Assistance (PRACs) All policies relating to HOME Investment Partnership Program All policies relating to HUD Rental Assistance (Housing Choice Vouchers and Project-Based Rental Assistance)Programs All policies relating to USDA-RHS Section 521 Rental Assistance Program, Section 515 Rural Rental Housing, Section 542 Rural Development Voucher, and 538 Guaranteed Rural Rental Housing Program. All policies relating to Management and Occupancy Reviews (MORs) All policies
Client expense: $135,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
2018 · fourth_quarter · Urban Development/Municipalities
HR 5952/S 3072, FY 2019 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 6072/S 3023, FY 2019 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and to collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit Oppose proposals to withhold grants from local governments Local transportation, economic development, and community development projects and programs Shaw AFB issues Disaster Assistance 2020 Census
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Urban Development/Municipalities
HR 5952/S 3072,FY 2019 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 6147/S 3073, FY 2019 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 6072/S 3023, FY 2019 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit Support passenger rail in general, including high-speed rail in the southeast and new service between Columbia and other regional cities Oppose proposals to withhold grants from local governments Disaster Assistance 2020 Census S 326/HR 960, Public Building Renewal Act, Support Local community development programs HR 5532, Reconstruction Era National Historical Park Act, Support
Client expense: Not reported · Firm income: $20,000
Government targets: Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Economics/Economic Development
Issues related to economic development of S. 293/H.R. 828 the Investing in Opportunity Act.
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Urban Development/Municipalities
HR 5952/S 3072, FY 2019 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 6072/S 3023, FY 2019 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and to collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit Oppose proposals to withhold grants from local governments Local transportation, economic development, and community development projects and programs Shaw AFB issues Disaster Assistance 2020 Census
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Urban Development/Municipalities
HR 5952/S 3072,FY 2019 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 6147/S 3073, FY 2019 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 6072/S 3023, FY 2019 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit Support passenger rail in general, including high-speed rail in the southeast and new service between Columbia and other regional cities Oppose proposals to withhold grants from local governments Disaster Assistance 2020 Census S 326/HR 960, Public Building Renewal Act, Support Local community development programs
Client expense: Not reported · Firm income: $20,000
Government targets: Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Housing
Pub.L.No: 115-245 (H.R.6157) - Department of Defense and Labor, Health and Human Services, and Education Appropriations Act, 2019 and Continuing Appropriations Act, 2019 - government funding bill that covers the Depts. of Defense, Labor, HHS and Education for fiscal year 2019 (FY19), while enacting a short-term Continuing Resolution (CR) for those agencies not covered, including HUD and USDA. The President has signed the bill today, which provides funding at last years (FY18) levels for HUD, USDA, and a few other federal agencies through December 7, 2018. S.3231 - Task Force on the Impact of the Affordable Housing Crisis Act of 2018- a bill to evaluate and quantify how the affordable housing crisis impacts life outcomes and increases costs for non-housing programs at the federal, state, and local levels. The task force will also make recommendations to Congress on how to use affordable housing to improve the effectiveness of other federal programs. H.R. 5793: The Housing Choice Voucher Mobility Demonstration Act of 2018 H.R. 5793 authorizes the Secretary of HUD to carry out a housing choice voucher (HCV) mobility demonstration to encourage families receiving vouchers to move to lower-poverty areas and expand access to opportunity areas. Under the legislation, HUD would identify PHAs to participate in the mobility demonstration program through a competitive process, and some requirements could be waived or adjusted for the participating PHAs. This bill is sponsored by Financial Services Subcommittee leaders Sean Duffy (R-WI) and Emanuel Cleaver (D-MO). Following a positive hearing on the bill this spring, the House Financial Services Committee approved the bill in a unanimous vote in May, 2018; the bill passed the House floor by a vote of 368-19 in July 2018 and was sent to the Senate for consideration. H.R. 5735: Transitional Housing for Recovery in Viable Environments Demonstration Program Act or the THRIVE Act H.R. 5735 is a bill to set aside housing vouchers for transitional housing for substance abuse recovery. Also called the THRIVE Act, the bill would establish a 5-year demonstration program to set aside the lesser of 10,000 vouchers or .05 percent of all vouchers in order to provide housing assistance for 12-24 months to individuals recovering from substance abuse. Only non-profits providing drug treatment and services would be eligible to administer the vouchers (not PHAs); amendments to provide new funding for the demonstration program (as opposed to setting aside existing vouchers) and to require PHAs to administer the vouchers and housing services in partnership with non-profits were not adopted by the Committee.The THRIVE Act was introduced by Representative Barr (R-KY) and passed the House Financial Services Committee on a mostly partisan basis in early June, 2018. Later that month, the bill was passed by the House and sent to the Senate for consideration. Public Law No: 115-174 (S. 2155): Economic Growth, Regulatory Relief, and Consumer Protection Act This law overhauls the 2010 Dodd-Frank Act, which had enacted banking and financial reform regulations following the 2008 financial crisis. The law also includes provisions from the bipartisan Family Self-Sufficiency Act, which would relieve some regulatory burden to administer the FSS program, broaden the supportive services provided to participants, and clarify expanded access to project-based tenants. Signed by the President on May 24, 2018. Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. The Rental Demonstration Program (RAD) was also expanded to Senior 202 PRAC conversions, the unit cap was more than doubled, and the sunset date was pushed to 2024. The US Interagency Council on Homelessness (USICH) was extended for two years, and the National Flood Insurance Program was temporarily extended until July 1, 2018. Also maintained in this omnibus bill were physical inspection requirements for HUD-assisted properties. Signed by the President on March 23, 2018. P.L.No.: 115-123 (H.R. 1892): Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of March 23, 2018, or the enactment of the applicable appropriations legislation, and appropriated supplemental appropriations for disaster relief. Signed by the President on February 9, 2018. P.L. No.: 115-120 (H.R. 195): Continuing Appropriations Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of February 8, 2018, or the enactment of the applicable appropriations legislation. It reopened the government following a brief shutdown that occurred because the previous CR expired and none of the 12 FY2018 regular appropriations bills that fund the federal government have been enacted. Signed by the President on January 22, 2018. P.L. 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. 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, 2017. 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. 2574 / H.R. 5352: Rural Housing Preservation Act of 2018 The Rural Housing Preservation Act provides rural housing vouchers to residents who live in properties with prepaid or maturing loans, while ensuring the values of housing vouchers are flexible so they can provide assistance to beneficiaries in higher cost areas. The House and Senate bills also decouple rental assistance from the term of a mortgage, allowing USDA to renew rental assistance for a property regardless of the length of the mortgage, and make it easier for non-profit entities to acquire Section 515 properties. The bills also permanently authorize the Multifamily Preservation and Revitalization Restructuring Program to operate in the future. 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. S. 2155: Economic Growth, Regulatory Relief, and Consumer Protection Act This bill overhauls the 2010 Dodd-Frank Act, which had enacted banking and financial reform regulations following the 2008 financial crisis. S.2155 rolls back a number of mortgage regulations originally aimed at preventing another economic meltdown, including to allow institutions with less than $10 billion in assets to waive ability-to-repay requirements for certain residential-mortgage loans. Other mortgage-lending requirements related to appraisals, mortgage data, employment of loan originators, manufactured homes, and transaction waiting periods are also loosened. In addition, the bill requires credit reporting agencies to provide credit-freeze alerts and includes consumer-credit provisions related to senior citizens, minors, and veterans. The Senate bill also includes provisions from the bipartisan Family Self-Sufficiency Act, which would relieve some regulatory burden to administer the FSS program, broaden the supportive services provided to participants, and clarify expanded access to project-based tenants. 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. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017; H.R. 2875: 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 Depts. of HUD, Treasury, and USDA Disaster Recovery efforts in PDD-areas. All policies relating to Federal Financing Bank Risk Share Initiative All policies relating to HUD Real Assessment Estate Center (REAC) All policies relating to Housing Assistance Payments (HAP) All policies relating to Project Rental Assistance (PRACs) All policies relating to HOME Investment Partnership Program All policies relating to HUD Rental Assistance (Housing Choice Vouchers and Project-Based Rental Assistance)Programs All policies relating to USDA-RHS Section 521 Rental Assistance Program, Section 515 Rural Rental Housing, Section 542 Rural Development Voucher, and 538 Guaranteed Rural Rental Housing Program. All policies relating to Management and Occupancy Reviews (MORs) All policies relating to Performance-Based Contract Administration All policies relating to Rental Assistance Demontration (RAD) All policies relating to Low Income Housing Tax Credit
2018 · third_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit. All policies relating to the Low Income Housing Tax Credit Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. Signed by the President on March 23, 2018. 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. 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 provisions 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. 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).
2018 · second_quarter · Taxation/Internal Revenue Code
Implementation of Public Law 115-97 (2017 Tax Reform Act) with respect to: Subtitle A -- Individual Tax Reform, Part II Deduction for Qualified Business Income of Pass-Thru Entities: Section 11011: Deduction for Qualified Business Income. Subtitle C -- Business-Related Provisions: Part III -- Cost Recovery and Accounting Methods: Section 13201: Temporary 100 Percent Expensing for Certain Business Assets, Section 13204: Applicable Recovery Period for Real Property. Part IV -- Business-Related Exclusions and Deductions: Section 13301: Limitation on Deduction for Interest, Section 13303: Like-Kind Exchanges of Real Property, Section 13309: Recharacterization of Certain Gains in the Case of Partnership Profits Interests Held in Connection with Performance of Investment Services. Section 13312: Certain Contributions by Governmental Entities not Treated as Contributions to Capital. Part IX -- Other Provisions: Section 13823: Opportunity Zones H.R. 1892 (became P.L. 115-123), Bipartisan Budget Act of 2018, Section 40410: Extension of Credit for Energy-Efficient New Homes and Section 40413: Extension of Energy Efficient Commercial Buildings Deduction. S. 2256, Tax Extender Act of 2017, to amend the Internal Revenue Code of 1986 to extend expiring provisions, and for other purposes, Title III -- Incentives for Energy Production and Conservation: Section 310: Extension of Credit for Energy-Efficient New Homes. Section 313: Extension of Energy Efficient Commercial Buildings Deduction. We also favor improving the Energy Efficient Commercial Buildings Deduction by establishing a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings. H.R. 1625 (became P.L. 115-141), Consolidated Appropriations Act, 2018. Division T -- Revenue Provisions: Section 102: Increase in State Housing Credit Ceiling for 2018, 2019, 2020, 20210. Section 103: Average Income Test for Low-Income Housing Credit. Division U -- Tax Technical Corrections: Title 1 -- Tax Technical Corrections, Section 101: Amendments relating to Protecting Americans from Tax Hikes Act of 2015, provisions related to FIRPTA. Title II -- Technical Corrections Related to Partnership Audit Rules, all provisions. H.R. 1661, Affordable Housing Credit Improvement Act of 2017, to amend the Internal Revenue Code of 1986 to reform the low-income housing tax credit, and for other purposes, all provisions. S. 548, Affordable Housing Credit Improvement Act, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. We support FIRPTA repeal and/or legislation/regulations to reduce FIRPTAs negative impact on the multifamily industry, including withdrawal of Section Two of IRS Notice 2007-55 with respect to the treatment of liquidating distributions of a REIT as a sale of real estate subject to FIRPTA rather than a sale of stock. S. 3384 (114th Congress), Middle-Income Housing Tax Credit Act of 2016, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, all provisions. Studied various infrastructure tax proposals designed to promote multifamily housing. H.R. 828 / S. 293, to amend the Internal Revenue Code of 1986 to provide for the deferral of inclusion in gross income for capital gains reinvested in opportunity zones, all provisions.
2018 · second_quarter · Economics/Economic Development
Issues related to economic development of S. 293/H.R. 828 the Investing in Opportunity Act.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Urban Development/Municipalities
HR 5952/S 3072, FY 2019 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 6072/S 3023, FY 2019 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and to collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit S 976, Marketplace Fairness Act, Support HR 2193, Remote Transactions Parity Act, Support Oppose proposals to withhold grants from local governments Local transportation, economic development, and community development projects and programs Shaw AFB issues Disaster Assistance 2020 Census
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Urban Development/Municipalities
HR 5952/S 3072,FY 2019 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 6147/S 3073, FY 2019 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 6072/S 3023, FY 2019 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit Support passenger rail in general, including high-speed rail in the southeast and new service between Columbia and other regional cities HR 2193, Remote Transactions Parity Act, Support S 976, Marketplace Fairness Act, Support Oppose proposals to withhold grants from local governments Disaster Assistance 2020 Census S 326/HR 960, Public Building Renewal Act, Support Local community development programs
Client expense: Not reported · Firm income: $20,000
2018 · second_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit. All policies relating to the Low Income Housing Tax Credit Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. Signed by the President on March 23, 2018. 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. 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 provisions 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. 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).
2018 · second_quarter · Housing
H.R. 5793: The Housing Choice Voucher Mobility Demonstration Act of 2018 H.R. 5793 authorizes the Secretary of HUD to carry out a housing choice voucher (HCV) mobility demonstration to encourage families receiving vouchers to move to lower-poverty areas and expand access to opportunity areas. Under the legislation, HUD would identify PHAs to participate in the mobility demonstration program through a competitive process, and some requirements could be waived or adjusted for the participating PHAs. This bill is sponsored by Financial Services Subcommittee leaders Sean Duffy (R-WI) and Emanuel Cleaver (D-MO). Following a positive hearing on the bill this spring, the House Financial Services Committee approved the bill in a unanimous vote in May, 2018; the bill passed the House floor by a vote of 368-19 in July 2018 and was sent to the Senate for consideration. H.R. 5735: Transitional Housing for Recovery in Viable Environments Demonstration Program Act or the THRIVE Act H.R. 5735 is a bill to set aside housing vouchers for transitional housing for substance abuse recovery. Also called the THRIVE Act, the bill would establish a 5-year demonstration program to set aside the lesser of 10,000 vouchers or .05 percent of all vouchers in order to provide housing assistance for 12-24 months to individuals recovering from substance abuse. Only non-profits providing drug treatment and services would be eligible to administer the vouchers (not PHAs); amendments to provide new funding for the demonstration program (as opposed to setting aside existing vouchers) and to require PHAs to administer the vouchers and housing services in partnership with non-profits were not adopted by the Committee.The THRIVE Act was introduced by Representative Barr (R-KY) and passed the House Financial Services Committee on a mostly partisan basis in early June, 2018. Later that month, the bill was passed by the House and sent to the Senate for consideration. Public Law No: 115-174 (S. 2155): Economic Growth, Regulatory Relief, and Consumer Protection Act This law overhauls the 2010 Dodd-Frank Act, which had enacted banking and financial reform regulations following the 2008 financial crisis. The law also includes provisions from the bipartisan Family Self-Sufficiency Act, which would relieve some regulatory burden to administer the FSS program, broaden the supportive services provided to participants, and clarify expanded access to project-based tenants. Signed by the President on May 24, 2018. Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. The Rental Demonstration Program (RAD) was also expanded to Senior 202 PRAC conversions, the unit cap was more than doubled, and the sunset date was pushed to 2024. The US Interagency Council on Homelessness (USICH) was extended for two years, and the National Flood Insurance Program was temporarily extended until July 1, 2018. Also maintained in this omnibus bill were physical inspection requirements for HUD-assisted properties. Signed by the President on March 23, 2018. P.L.No.: 115-123 (H.R. 1892): Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of March 23, 2018, or the enactment of the applicable appropriations legislation, and appropriated supplemental appropriations for disaster relief. Signed by the President on February 9, 2018. P.L. No.: 115-120 (H.R. 195): Continuing Appropriations Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of February 8, 2018, or the enactment of the applicable appropriations legislation. It reopened the government following a brief shutdown that occurred because the previous CR expired and none of the 12 FY2018 regular appropriations bills that fund the federal government have been enacted. Signed by the President on January 22, 2018. P.L. 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. 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, 2017. 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. 2574 / H.R. 5352: Rural Housing Preservation Act of 2018 The Rural Housing Preservation Act provides rural housing vouchers to residents who live in properties with prepaid or maturing loans, while ensuring the values of housing vouchers are flexible so they can provide assistance to beneficiaries in higher cost areas. The House and Senate bills also decouple rental assistance from the term of a mortgage, allowing USDA to renew rental assistance for a property regardless of the length of the mortgage, and make it easier for non-profit entities to acquire Section 515 properties. The bills also permanently authorize the Multifamily Preservation and Revitalization Restructuring Program to operate in the future. 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. S. 2155: Economic Growth, Regulatory Relief, and Consumer Protection Act This bill overhauls the 2010 Dodd-Frank Act, which had enacted banking and financial reform regulations following the 2008 financial crisis. S.2155 rolls back a number of mortgage regulations originally aimed at preventing another economic meltdown, including to allow institutions with less than $10 billion in assets to waive ability-to-repay requirements for certain residential-mortgage loans. Other mortgage-lending requirements related to appraisals, mortgage data, employment of loan originators, manufactured homes, and transaction waiting periods are also loosened. In addition, the bill requires credit reporting agencies to provide credit-freeze alerts and includes consumer-credit provisions related to senior citizens, minors, and veterans. The Senate bill also includes provisions from the bipartisan Family Self-Sufficiency Act, which would relieve some regulatory burden to administer the FSS program, broaden the supportive services provided to participants, and clarify expanded access to project-based tenants. 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. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017; H.R. 2875: 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) All policies relating to Housing Assistance Payments (HAP) All policies relating to Project Rental Assistance (PRACs) All policies relating to HOME Investment Partnership Program All policies relating to HUD Rental Assistance (Housing Choice Vouchers and Project-Based Rental Assistance)Programs All policies relating to USDA-RHS Section 521 Rental Assistance Program, Section 515 Rural Rental Housing, Section 542 Rural Development Voucher, and 538 Guaranteed Rural Rental Housing Program. All policies relating to Management and Occupancy Reviews (MORs) All policies relating to Performance-Based Contract Administration All policies relating to Rental Assistance Demontration (RAD) All policies relating to Low Income Housing Tax Credit
2018 · first_quarter · Taxation/Internal Revenue Code
Implementation of Public Law 115-97 (2017 Tax Reform Act) with respect to: Subtitle A -- Individual Tax Reform, Part II Deduction for Qualified Business Income of Pass-Thru Entities: Section 11011: Deduction for Qualified Business Income. Subtitle C -- Business-Related Provisions: Part III -- Cost Recovery and Accounting Methods: Section 13201: Temporary 100 Percent Expensing for Certain Business Assets, Section 13204: Applicable Recovery Period for Real Property. Part IV -- Business-Related Exclusions and Deductions: Section 13301: Limitation on Deduction for Interest, Section 13303: Like-Kind Exchanges of Real Property, Section 13309: Recharacterization of Certain Gains in the Case of Partnership Profits Interests Held in Connection with Performance of Investment Services. Section 13312: Certain Contributions by Governmental Entities not Treated as Contributions to Capital. Part IX -- Other Provisions: Section 13823: Opportunity Zones H.R. 1892 (became P.L. 115-123), Bipartisan Budget Act of 2018, Section 40410: Extension of Credit for Energy-Efficient New Homes and Section 40413: Extension of Energy Efficient Commercial Buildings Deduction. S. 2256, Tax Extender Act of 2017, to amend the Internal Revenue Code of 1986 to extend expiring provisions, and for other purposes, Title III -- Incentives for Energy Production and Conservation: Section 310: Extension of Credit for Energy-Efficient New Homes. Section 313: Extension of Energy Efficient Commercial Buildings Deduction. We also favor improving the Energy Efficient Commercial Buildings Deduction by establishing a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings. H.R. 1625 (became P.L. 115-141), Consolidated Appropriations Act, 2018. Division T -- Revenue Provisions: Section 102: Increase in State Housing Credit Ceiling for 2018, 2019, 2020, 20210. Section 103: Average Income Test for Low-Income Housing Credit. Division U -- Tax Technical Corrections: Title 1 -- Tax Technical Corrections, Section 101: Amendments relating to Protecting Americans from Tax Hikes Act of 2015, provisions related to FIRPTA. Title II -- Technical Corrections Related to Partnership Audit Rules, all provisions. H.R. 1661, Affordable Housing Credit Improvement Act of 2017, to amend the Internal Revenue Code of 1986 to reform the low-income housing tax credit, and for other purposes, all provisions. S. 548, Affordable Housing Credit Improvement Act, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. We support FIRPTA repeal and/or legislation/regulations to reduce FIRPTAs negative impact on the multifamily industry, including withdrawal of Section Two of IRS Notice 2007-55 with respect to the treatment of liquidating distributions of a REIT as a sale of real estate subject to FIRPTA rather than a sale of stock. S. 3384 (114th Congress), Middle-Income Housing Tax Credit Act of 2016, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, all provisions. Studied various infrastructure tax proposals designed to promote multifamily housing. H.R. 828 / S. 293, to amend the Internal Revenue Code of 1986 to provide for the deferral of inclusion in gross income for capital gains reinvested in opportunity zones, all provisions.
2018 · first_quarter · Housing
Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. The Rental Demonstration Program (RAD) was also expanded to Senior 202 PRAC conversions, the unit cap was more than doubled, and the sunset date was pushed to 2024. The US Interagency Council on Homelessness (USICH) was extended for two years, and the National Flood Insurance Program was temporarily extended until July 1, 2018. Also maintained in this omnibus bill were physical inspection requirements for HUD-assisted properties. Signed by the President on March 23, 2018. P.L.No.: 115-123 (H.R. 1892): Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of March 23, 2018, or the enactment of the applicable appropriations legislation, and appropriated supplemental appropriations for disaster relief. Signed by the President on February 9, 2018. P.L. No.: 115-120 (H.R. 195): Continuing Appropriations Act, 2018 The law provides continuing appropriations for federal agencies through the earlier of February 8, 2018, or the enactment of the applicable appropriations legislation. It reopened the government following a brief shutdown that occurred because the previous CR expired and none of the 12 FY2018 regular appropriations bills that fund the federal government have been enacted. Signed by the President on January 22, 2018. P.L. 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. 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, 2017. 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. 2574 / H.R. 5352: Rural Housing Preservation Act of 2018 The Rural Housing Preservation Act provides rural housing vouchers to residents who live in properties with prepaid or maturing loans, while ensuring the values of housing vouchers are flexible so they can provide assistance to beneficiaries in higher cost areas. The House and Senate bills also decouple rental assistance from the term of a mortgage, allowing USDA to renew rental assistance for a property regardless of the length of the mortgage, and make it easier for non-profit entities to acquire Section 515 properties. The bills also permanently authorize the Multifamily Preservation and Revitalization Restructuring Program to operate in the future. 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. S. 2155: Economic Growth, Regulatory Relief, and Consumer Protection Act This bill overhauls the 2010 Dodd-Frank Act, which had enacted banking and financial reform regulations following the 2008 financial crisis. S.2155 rolls back a number of mortgage regulations originally aimed at preventing another economic meltdown, including to allow institutions with less than $10 billion in assets to waive ability-to-repay requirements for certain residential-mortgage loans. Other mortgage-lending requirements related to appraisals, mortgage data, employment of loan originators, manufactured homes, and transaction waiting periods are also loosened. In addition, the bill requires credit reporting agencies to provide credit-freeze alerts and includes consumer-credit provisions related to senior citizens, minors, and veterans. The Senate bill also includes provisions from the bipartisan Family Self-Sufficiency Act, which would relieve some regulatory burden to administer the FSS program, broaden the supportive services provided to participants, and clarify expanded access to project-based tenants. 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. H.R. 2874: 21st Century Flood Reform Act of 2017; H.R. 2868: National Flood Insurance Program Policyholder Protection Act of 2017; H.R. 2875: 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. NAHMA signed onto an industry letter to Senate Leadership urging for a prompt confirmation vote for Brian Montgomery to HUD FHA Commissioner.
2018 · first_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit. All policies relating to the Low Income Housing Tax Credit Public Law No: 115-141 (H.R. 1652): Consolidated Appropriations Act, 2018 This is a large omnibus bill providing appropriations for the remainder of FY 2018 for all federal departments. Two key LIHTC provisions were included in the bill: 12.5% credit allocation expansion for four years, and a permanent authorization of the income-averaging option. Signed by the President on March 23, 2018. 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. 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 provisions 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. 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).
2018 · first_quarter · Economics/Economic Development
HR 828; Investing in Opportunity Act; S 293
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2018 · first_quarter · Urban Development/Municipalities
HR 3276/S 1662, FY 2018 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 3554, FY 2018 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 3353/S 1655, FY 2018 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and to collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit S 976, Marketplace Fairness Act, Support HR 2193, Remote Transactions Parity Act, Support Oppose proposals to withhold grants from local governments Local transportation, economic development, and community development projects and programs Shaw AFB issues Disaster Assistance 2020 Census
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Urban Development/Municipalities
HR 3267/S 1662,FY 2018 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 3554, FY 2018 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 3353/S 1665, FY 2018 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support extension of the New Markets Tax Credit Support passenger rail in general, including high-speed rail in the southeast and new service between Columbia and other regional cities HR 2193, Remote Transactions Parity Act, Support S 976, Marketplace Fairness Act, Support Oppose proposals to withhold grants from local governments Disaster Assistance 2020 Census
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2017 · fourth_quarter · Economics/Economic Development
Issues relating to economic development S. 293/H.R. 828 The Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues relating to taxation S. 293/H.R. 828 The Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Economics/Economic Development
Issues relating to economic development of distressed communities, including the Investing in Opportunity Act (S. 293 / H.R. 828).
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues relating to tax policies to incentivize investment in distressed communities, including the Investing in Opportunity Act (S. 293 / H.R. 828).
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to economic growth and revitalization of distressed communities and the tax treatment of capital gains (HR 828; S 293; HR 1)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to economic growth and revitalization of distressed communities and the tax treatment of capital gains (HR 828; S 293)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to economic growth and revitalization of distressed communities and the tax treatment of capital gains (HR 828; S 293; HR 1)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Economics/Economic Development
HR 828; Investing in Opportunity Act; S 293
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · third_quarter · Economics/Economic Development
HR 828; Investing in Opportunity Act; S 293
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · second_quarter · Economics/Economic Development
HR 828; Investing in Opportunity Act; S 293
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · fourth_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit. All policies relating to the Low Income Housing Tax Credit 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 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. 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). Responding to the Senate Finance Committee Chairman Sen. Hatch's request, NAHMA submitted testimony to Congress regarding the tax reform process. The comments highlighted the importance of preserving and improving the Low-Income Housing Tax Credit (LIHTC) program through tax reform (July 17, 2017).
2017 · fourth_quarter · Housing
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)
2017 · fourth_quarter · Urban Development/Municipalities
HR 3276/S 1662, FY 2018 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 3554, FY 2018 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 3353/S 1655, FY 2018 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and to collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support current law re: the New Markets Tax Credit S 976, Marketplace Fairness Act, Support HR 2193, Remote Transactions Parity Act, Support Oppose proposals to withhold grants from local governments Local transportation, economic development, and community development projects and programs Shaw AFB issues
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Urban Development/Municipalities
HR 3267/S 1662,FY 2018 Commerce/Justice/Science Appropriations, Funding for local law enforcement and economic development programs HR 3554, FY 2018 Interior-Environment Appropriations, Funding for local water infrastructure programs HR 3353/S 1665, FY 2018 Transportation-HUD Appropriations, Funding for local community development, housing, and transportation programs S 19, Mobile Now Act, Oppose amendments that would preempt local government authority to manage public rights-of-way S 293/HR 828, Investing in Opportunity Act, Support Oppose federal proposals that would preempt local government authority to manage public rights-of-way and collect compensation for their use and management Support current law re: the tax exemption for municipal bonds Support current law re: the Low-Income Housing Tax Credit Support current law re: the New Markets Tax Credit Support passenger rail in general, including high-speed rail in the southeast and new service between Columbia and other regional cities HR 2193, Remote Transactions Parity Act, Support S 976, Marketplace Fairness Act, Support Oppose proposals to withhold grants from local governments Disaster Assistance
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Taxation/Internal Revenue Code
Tax Reform, H.R. 828-Investing in Opportunity Act, S. 293-Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
2017 · third_quarter · Taxation/Internal Revenue Code
Issues relating to taxation S. 293/H.R. 828 The Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Economics/Economic Development
Issues relating to economic development S. 293/H.R. 828 The Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Economics/Economic Development
Issues relating to economic development of distressed communities, including the Investing in Opportunity Act (S. 293 / H.R. 828).
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · third_quarter · Taxation/Internal Revenue Code
Issues relating to tax policies to incentivize investment in distressed communities, including the Investing in Opportunity Act (S. 293 / H.R. 828).
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · third_quarter · Housing
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)
2017 · third_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit. All policies relating to the Low Income Housing Tax Credit 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. 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). Responding to the Senate Finance Committee Chairman Sen. Hatch's request, NAHMA submitted testimony to Congress regarding the tax reform process. The comments highlighted the importance of preserving and improving the Low-Income Housing Tax Credit (LIHTC) program through tax reform (July 17, 2017).
2017 · third_quarter · Taxation/Internal Revenue Code
Issues related to economic growth and revitalization of distressed communities and the tax treatment of capital gains (HR 828; S 293)
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Economics/Economic Development
Issues relating to economic development of distressed communities, including the Investing in Opportunity Act (S. 293 / H.R. 828).
Client expense: $260,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of, White House Office
2017 · second_quarter · Taxation/Internal Revenue Code
Issues relating to tax policies to incentivize investment in distressed communities, including the Investing in Opportunity Act (S. 293 / H.R. 828).
Client expense: $260,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of, White House Office
2017 · second_quarter · Economics/Economic Development
Issues relating to economic development S. 293/H.R. 828 The Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Taxation/Internal Revenue Code
Issues relating to taxation S. 293/H.R. 828 The Investing in Opportunity Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Taxation/Internal Revenue Code
All Policies related to Tax Reform; all provisions related to the Low Income Housing Tax Credit. All policies relating to the Low Income Housing Tax Credit 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. 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).
2017 · second_quarter · Housing
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
| Democratic |
| TX |
| Billy Long | Republican | MO |
| Bobby L. Rush | Democratic | IL |
| Brad R. Wenstrup | Republican | OH |
| Bradley Byrne | Republican | AL |
| Bradley Scott Schneider | Democratic | IL |
| Carlos Curbelo | Republican | FL |
| Carolyn B. Maloney | Democratic | NY |
| Cheri Bustos | Democratic | IL |
| Chris Collins | Republican | NY |
| Darren Soto | Democratic | FL |
| David G. Reichert | Republican | WA |
| David G. Valadao | Republican | CA |
| David P. Joyce | Republican | OH |
| David P. Roe | Republican | TN |
| David Rouzer | Republican | NC |
| Derek Kilmer | Democratic | WA |
| Don Bacon | Republican | NE |
| Earl Blumenauer | Democratic | OR |
| Ed Perlmutter | Democratic | CO |
| Elizabeth H. Esty | Democratic | CT |
| Emanuel Cleaver | Democratic | MO |
| Eric Swalwell | Democratic | CA |
| Erik Paulsen | Republican | MN |
| F. James Sensenbrenner, Jr. | Republican | WI |
| Fred Upton | Republican | MI |
| George Holding | Republican | NC |
| Grace F. Napolitano | Democratic | CA |
| Jackie Walorski | Republican | IN |
| James A. Himes | Democratic | CT |
| James B. Renacci | Republican | OH |
| Jared Polis | Democratic | CO |
| Jason Smith | Republican | MO |
| Jeb Hensarling | Republican | TX |
| Jim Cooper | Democratic | TN |
| John B. Larson | Democratic | CT |
| John K. Delaney | Democratic | MD |
| Kenny Marchant | Republican | TX |
| Kevin Yoder | Republican | KS |
| Kristi L. Noem | Republican | SD |
| Kyrsten Sinema | Independent | AZ |
| Leonard Lance | Republican | NJ |
| Lisa Blunt Rochester | Democratic | DE |
| Lloyd Smucker | Republican | PA |
| Louise McIntosh Slaughter | Democratic | NY |
| Lynn Jenkins | Republican | KS |
| Mark Walker | Republican | NC |
| Markwayne Mullin | Republican | OK |
| Michael R. Turner | Republican | OH |
| Michelle Lujan Grisham | Democratic | NM |
| Mike Bishop | Republican | MI |
| Nanette Diaz Barragán | Democratic | CA |
| Norma J. Torres | Democratic | CA |
| Patrick Meehan | Republican | PA |
| Patrick T. McHenry | Republican | NC |
| Pete Aguilar | Democratic | CA |
| Peter T. King | Republican | NY |
| Richard E. Neal | Democratic | MA |
| Ro Khanna | Democratic | CA |
| Rodney Davis | Republican | IL |
| Ron Kind | Democratic | WI |
| Scott Perry | Republican | PA |
| Seth Moulton | Democratic | MA |
| Steve Chabot | Republican | OH |
| Steve Cohen | Democratic | TN |
| Steve Russell | Republican | OK |
| Steve Stivers | Republican | OH |
| Suzan K. DelBene | Democratic | WA |
| Ted Lieu | Democratic | CA |
| Terri A. Sewell | Democratic | AL |
| Thomas J. Rooney | Republican | FL |
| Tim Ryan | Democratic | OH |
| Tim Walberg | Republican | MI |
| Tom Cole | Republican | OK |
| Tom O’Halleran | Democratic | AZ |
| Tom Reed | Republican | NY |
| Tom Rice | Republican | SC |
| Will Hurd | Republican | TX |
| HR 1 |
115th |
| Related bill |
Client expense: $110,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $110,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $1,090,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Vice President of the United States, SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Postal Service (USPS)
Government targets: Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE
Client expense: $130,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $130,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $1,090,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Consumer Financial Protection Bureau (CFPB), Energy, Dept of, Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Vice President of the United States, SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Postal Service (USPS)
Client expense: $120,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $120,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $130,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $130,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of the Census, Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Client expense: $110,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $110,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $120,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office
Client expense: $120,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, White House Office