Budget and Appropriations

LIHTC Changes Proposed in FY12 Request

As part of its FY12 budget request, the Department of the Treasury seeks two changes to the low income housing tax credit (LIHTC) program. One would allow “income averaging” so properties could…

House and Senate Begin FY12 Budget Process

Both the House and Senate held hearings on the President’s FY12 budget proposal during the week of February 14 with a similar level of criticism expressed by members in both chambers. At the House…

House Hearing on Barriers to Housing Market Recovery

House Financial Services Subcommittee on Insurance, Housing and Community Opportunity Chair Judy Biggert (R-IL) held her first hearing as Chair of the committee on February 16. The hearing was…

Public Housing Preservation Bill Introduced

Representative Maxine Waters (D-CA) reintroduced a broad public housing preservation and resident protection bill on February 17 (see Memo, 7/23/10). The bill, H.R. 672, is cosponsored by House…

Administration Proposes to Cut USDA Rural Housing Funds

The Administration’s budget request for FY12 proposes extensive cuts to rural housing, including popular programs for both homeownership and rental housing. The FY12 request would eliminate funds…

Transforming Rental Assistance, Take 4

As part of its FY12 budget request, HUD is seeking $200 million for what department officials are now calling a “rental assistance demonstration.” HUD rolled out a $350 million Transforming Rental…

Transforming Rental Assistance, Take 4

As part of its FY12 budget request, HUD is seeking $200 million for what department officials are now calling a “rental assistance demonstration.” HUD rolled out a $350 million Transforming Rental…