Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025

A bill to amend the Cranston-Gonzalez National Affordable Housing Act to encourage expansion of the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing, and for other purposes; A bill to authorize a grant program for the development and implementation of local policies to reduce local regulatory barriers and streamline processes that impede housing production, and for other purposes; Issues related to 203(k) rehabilitation mortgage insurance program and FHA title I loan programs; Issues related to surplus federal land for affordable housing development; Issues related to ordinary income dealer treatment for missing middle builders; H.R. 1055, the Creating Opportunities for New Skills Training at Rural or Underserved Colleges at Trade Schools (CONSTRUCTS) Act of 2025; H.R. 1981, S.890, the Choice in Affordable Housing Act of 2025; H.R. 2410, the Revitalizing Downtowns and Main Streets Act; H.R. 2725, S. 1515, the Affordable Housing Credit Improvement Act of 2025; H.R. 2840, S. 1299, S. 2651 203, the Housing Supply Frameworks Act; H.R. 3459, the Empty Lots to Housing Act; H.R. 4576, S. 2363, S. 2651 211, the Build More Housing Near Transit Act of 2025; H.R. 4659, S. 2416, the Identifying Regulatory Barriers to Housing Supply Act; H.R. 4660, S. 2390, S. 2651 208, the Unlocking Housing Supply Through Streamlined and Modernized Reviews Act; H.R. 5601, the Faith in Housing Act of 2025; H.R. 815, the Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025; H.R.2710, the People Over Parking Act of 2025; S. 1260, the Rural Housing Service Reform Act of 2025; S. 127, S. 2651 204, the Whole-Home Repairs Act of 2025; S. 1459, the Historic Tax Credit Growth and Opportunity Act of 2025; S. 1527, S. 2651 213, the Housing Affordability Act; S. 1695, S. 2651 801, the HUD-USDA-VA Interagency Coordination Act; S. 2361, S. 2651 210, the Accelerating Home Building Act of 2025; S. 2391, S. 2651 207, the Better Use of Intergovernmental and Local Development (BUILD) Housing Act; S. 2414, the Housing Supply Expansion Act of 2025; S. 2423, the Streamlining Rural Housing Act of 2025; S. 2441, S. 2651 206, the Build Now Act of 2025; S. 2460, S. 2651 212, the Revitalizing Empty Structures Into Desirable Environments (RESIDE) Act; S. 2464, S. 2651 205, the Community Investment and Prosperity Act; S. 2489, the Modular Housing Production Act; S. 2651 201, Rental Assistance Demonstration (RAD) Reform; S. 2651 202, Increasing Housing in Opportunity Zones; S. 2651 209, Innovation Fund; S. 2651 401, the Creating Incentives for Small Dollar Loan Originators; S. 2651 402, Small Dollar Mortgage Points and Fees; S. 2651 501, the Reforming Disaster Recovery Act; S. 2651, the ROAD to Housing Act of 2025; H.R. 2854, the Neighborhood Homes Investment Act; S. 943, the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Act; S. 948, the HOME Investment Partnerships Reauthorization and Improvement Act of 2025; S. 964, the Property Improvement and Manufactured Housing Loan Modernization Act of 2025; and, S. 885, the Strategy and Investment in Rural Housing Preservation Act of 2025.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HOUSE: H. Res. 68: Expressing strong disapproval of the President's announcement to withdraw the United States from the Paris Agreement (Oppose) H.R. 815: Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 (Support) H.R. 4776: Standardizing Permitting and Expediting Economic Development Act (The SPEED Act) (Oppose) H.R.5301: PIPES Act of 2025 (Oppose) NYI: NYI: PROVE IT Act (Support) NYI: Public Health Air Quality Act (Support)

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

Government targets: Commerce, Dept of (DOC), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT)

Freedom to Invest in Tomorrow's Workforce Act (H.R. 1151, S. 756) American Innovation and R&D Competitiveness Act (H.R. 1990) Brownfields Redevelopment Tax Incentive Reauthorization Act (H.R. 815) Maintain federal tax exempt status for municipal bonds Maintain federal tax exempt status for nonprofit organizations H.R. 1

Client expense: $42,670 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HOUSE: H. Res. 68: Expressing strong disapproval of the President's announcement to withdraw the United States from the Paris Agreement (Oppose) H.R. 815: Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 (Support) NYI: NYI: PROVE IT Act (Support) NYI: Public Health Air Quality Act (Support)

Client expense: $130,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

Freedom to Invest in Tomorrow's Workforce Act (H.R. 1151, S. 756) American Innovation and R&D Competitiveness Act (H.R. 1990) Brownfields Redevelopment Tax Incentive Reauthorization Act (H.R. 815) Maintain federal tax exempt status for municipal bonds Maintain federal tax exempt status for nonprofit organizations

Client expense: $81,440 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Advocated for restricting bee-killing pesticides to make America healthy again. Supported incentives for brownfields clean-up (Brownfields Redevelopment Tax Incentive Reauthorization Act- HR 815).

Client expense: $10,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax Cuts and Job Act Permanency NMHC supports making permanent individual tax rates and the 20 percent qualified business income tax deduction that expire at the end of 2025. NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). In TCJA, Congress, doubled the estate tax exclusion through 2025 while retaining a top tax rate of 40 percent and stepped-up basis rules. H.R. 703, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 213, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 4721 (118th Congress), Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. S. 1706 (118th Congress), Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 1301, Death Tax Repeal Act, to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, all provisions. S. 587, Death Tax Repeal Act of 2025, a bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes, all provisions. H.Con.Res. 14, Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034, provisions impacting tax policy Revenue-Raising Provisions NMHC opposes imposing the net investment income tax (NIIT) on active income while also potentially increasing the NIIT rate. NMHC opposes requiring 100-percent recapture of depreciation deductions as ordinary income for real estate. NMHC opposes restricting the deductibility of state and local taxes (e.g., income, property, and industry-related taxes) by pass-through entities and REITs. NMHC supports retaining current law with regard to like-kind exchanges. NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year.  H.R. 1091, Carried Interest Fairness Act of 2025, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions S. 445, Carried Interest Fairness Act of 2025, to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities, all provisions Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit Workforce Housing Tax Credit: NMHC supports the establishment of a Workforce Housing Tax Credit to spur production of multifamily housing for households earning up to 100 percent of area median income. Low-Income Housing Tax Credit: We support increasing credit authority and reducing the bond financing test. We also support increasing the private-activity bond volume cap to increase the use of 4 percent Low-Income Housing Tax Credits S. 3436 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 3238 (118th Congress), Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular provisions relating to increased tax credit authority and tax-exempt bond financing requirements. S. 1557 (118th Congress), Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular provisions relating to increased tax credit authority and tax-exempt bond financing requirements. Adaptive Reuse H.R. 2410, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. H.R. 9002 (118th Congress), Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. S. 4693 (118th Congress), Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. Opportunity Zones NMHC supports: Enabling States to recertify and/or redesignate Opportunity Zones to account for current economic realities and changes since Zones were originally designated; (2) Establishing new deferral deadlines so that taxpayers are incentivized to receive both a longer deferral period and the potential for a 10 percent or 15 percent basis increase with respect to reinvested capital gains; and (3) Reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. H.R. 5761 (118th Congress), Opportunity Zones Transparency, Extension, and Improvement Act, to amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes, all provisions Housing Preservation Draft legislative proposal, Housing Opportunities and Preservation Enhancement Act of 2025, to preserve aging affordable rental housing properties by creating tax incentives for individual investors that fund rehabilitation and preservation of existing affordable rental housing, all provisions. Brownfields H.R. 815, Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025, to amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs, all provisions. Role of Partnerships Promotion of partnerships as business entity. Tax Regulations Department of the Treasury and Internal Revenue Service, 26 CFR Part 1, TD 9992, RIN 1545-BQ36, Guidance on the Definition of Domestically Controlled Investment Entities. Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, TD 10028, RIN 1545-BR07, Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest. Potential Congressional Review Act legislation to nullify Department of the Treasury, Internal Revenue Service, 26 CFR Part 1, TD 10028, RIN 1545-BR07, Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest. Income and rent limits under Internal Revenue Code Sections 42 and 142: Considered signing letter to request that Treasury and Internal Revenue Service issue guidance clarifying that: (1) the Housing and Economic Recovery Act of 2008 (HERA) income rules related to hold harmless start no later than allocation or low-income housing tax credit determination; (2) hold harmless and HERA Special incomes do not reset upon resyndication; and (3) hold harmless treatment would apply at the national non-metro amount for rural projects.

HOUSE: H. Res. 68: Expressing strong disapproval of the President's announcement to withdraw the United States from the Paris Agreement (Oppose) H.R. 815: Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 (Support) SENATE: S. Res. 36: A resolution expressing the sense of the Senate that the United States, States, cities, Tribal nations, businesses, institutions of higher education, and other institutions in the United States should work toward achieving the goals of the Paris Agreement (Support) NYI: NYI: PROVE IT Act (Support) NYI: Public Health Air Quality Act (Support)

Client expense: $130,000 · Firm income: Not reported

Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE