Published on: Tuesday May 17, 2022
Federal updates The Biden Administration released a Housing Supply Action Plan this week, with the goal of closing the supply gap in 5 years. It represents the most comprehensive government effort to address housing supply in history. The plan includes both administrative actions and legislative actions that Biden is calling on Congress to enact. The … Continued
Published on: Tuesday May 3, 2022
Federal updates Lawmakers are engaging in informal talks about a potential reconciliation package that would include key priorities on the Democrats’ legislative agenda. Senator Schumer called the talks “preliminary” and no one is sharing details. A lot of the effort will be dedicated to determining what issues will garner support from everyone in the party, … Continued
Published on: Tuesday April 26, 2022
Federal updates Congress is back this week from a two-week recess and plans to quickly take up additional aid for Ukraine. Lawmakers will also return to the COVID-19 relief package debate that was put on pause when they adjourned earlier this month. After these and a few other immediate tasks, Democrats will focus on efforts … Continued
Published on: Tuesday April 19, 2022
Federal updates Democrats are signaling plans to revive a new version of President Biden’s tax and social spending package after Congress returns from recess next week. While timing is tight to accomplish something of this scale prior to November, Democrats want a legislative win ahead of the midterm elections, where races are looking tight. There’s … Continued
Published on: Tuesday April 12, 2022
Federal updates The LIFELINE Act (R. 7078) has several new sponsors including Congressman Ted Budd who represents NC’s 13th District. He and U.S. Representative David Rouzer are the two Republicans co-sponsoring the bill. Some Democrats in the Senate are turning attention back to a spending package deal that would be different from Build Back Better … Continued
Published on: Tuesday April 5, 2022
Federal updates The LIFELINE Act (R. 7078) has several new sponsors including Congressman Ted Budd who represents NC’s 13th District. He and U.S. Representative David Rouzer are the two Republicans co-sponsoring the bill. Some Democrats in the Senate are turning attention back to a spending package deal that would be different from Build Back Better … Continued
Published on: Tuesday March 29, 2022
Federal updates There are no major updates on the LIFELINE Act (R. 7078), but the bill is still in need of sponsors. Introduced earlier this month by Reps. Alma Adams and David Rouzer, the legislation is intended to address barriers limiting the use of State and Local Fiscal Recovery Funds (SLFRF) for LIHTC. If passed, … Continued
Published on: Tuesday March 22, 2022
Federal updates Alma Adams and David Rouzer introduced the LIFELINE Act (H.R. 7078) to address barriers limiting the use of State and Local Fiscal Recovery Funds (SLFRF) for LIHTC. The bill will enable states and localities to use SLFRF to make long-term loans to Housing Credit developments. North Carolina is one of approximately 20 states … Continued
Published on: Tuesday March 15, 2022
Federal updates Congress met last week’s deadline to pass a federal budget by midnight on Friday. After the omnibus cleared the House on Wednesday, the Senate passed the bill on Thursday The omnibus includes anticipated support for Ukraine, but the $15.6 in additional funds for COVID-19 relief was removed at the last minute. For housing, … Continued
