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…
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…
The House of Representatives spent four days during the week of
February 14 considering H.R. 1, the Full Year Continuing Appropriations
Act for FY11. The resolution proposed deep cuts to many HUD…
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…
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…
Reflecting the political clamor for spending cuts, President Obama’s
proposed budget for HUD for the fiscal year to begin October 1, 2011 is
less than what he requested for FY11 and for several HUD…
