Federal Update for February 2023 from David Gasson
Can you believe it is February already? And January was so much fun for us DC types that revel in the comity and compromise of our legislative process! So, after surviving the Boston Marathon of Speakers elections, Kevin McCarthy has the gavel, the office and the accompanying headaches of leading the U.S. House. The question […]
Federal Update for December 2022 from David Gasson
Well, the November elections are behind us and as it turns out, once again, the pundits are fallible, and the electorate was full of surprises. When the 118th Congress is seated on January 3rd, 2023 the Republican’s will have a very small majority in the House and Democrats will again control the U.S. Senate. Whether […]
Federal Update for October 2022 from David Gasson
So, it is October 5th and Congress is recessed until after the election on November 8th. This is the last dash leading up to election day and we are all curious to see in what direction the American electorate, in all its wisdom(?), choose to steer the country. While we all exercise that sacred right […]
Federal Update for September 2022 from David Gasson
It was a treat seeing all the posts on social media of friends and colleagues enjoying the summer months. Whether it was family travel, attending a concert or sporting event, various philanthropic feats of athleticism or getting kids ready for school, it was heartening to see the focus on family and friends while recharging our batteries. […]
Federal Update for July 2022
The demand for affordable housing is far outstripping production across the country—with the U.S. now at least 3.8 million homes short of meeting housing needs, double the number from 2012, according to a report from Up for Growth released this week. The report, Housing Underproduction in the U.S., finds a shortage of nearly 1 million homes […]
Federal Update for May 2022 from David Gasson
Summer has arrived and there are around two months left before Congress departs Washington for the August recess. In a normal cycle this might be a relatively benign period with elections a few months away and partisan sniping at its peak. Partisan sniping is reaching a plateau and national events are adding fuel to the rancor. That […]
Federal Update for April 2022 from David Gasson
Happy Spring to everyone at CHC. Congress is returning to Washington after the Passover/Easter recess and hopes are high, among some, that the recess will have refreshed batteries, attitudes, and interest in pursuing a reconciliation bill. With the shrinking legislative calendar, the industry is looking at two potential vehicles for our LIHTC agenda. The first is […]
Federal Update for January 2022 from David Gasson
As we begin the New Year the work from 2021 continues as we await further negotiations on the Build Back Better Act (BBB) and the FY 2022 budget. Nothing is certain in the current political and economic environment, especially with COVID continuing to affect all aspects of the economy. On BBB we do not believe they […]
Federal Update for November 2021
The Build Back Better legislation was amended this week to incorporate several major Low Income Housing Tax Credit provisions, which had been removed from previous versions of the bill. The current legislation now includes $12 billion for the Housing Credit, including several major reforms sought by housing advocates: Lowering the bond-financing threshold from 50% to 25 percent for […]
Member Update – Build Back Better
The White House and Congressional leaders began this week to release detailed legislative language of the near-final $1.75 trillion Build Back Better reconciliation legislation—which currently includes $150 billion for affordable housing programs. Federal advocates have noted, however, that one of CHC members’ top priorities—the $30 billion expansion of the Low Income Housing Tax Credit—is not […]