Home / Daily Dose / Legislation Introduced to Strengthen the Housing Credit Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Share Save Bipartisan legislation geared toward raising the housing credit, the Affordable Housing Credit Improvement Act (AHCIA) of 2021, has been introduced with co-sponsors in both chambers of Congress. The AHCIA could finance an additional two million affordable homes over the next decade by expanding and strengthening the Low-Income Housing Tax Credit (Housing Credit), the nation’s primary tool to build and preserve affordable housing.“The Affordable Housing Credit Improvement Act is the solution we need now to provide affordable homes for struggling renters and to help rebuild our economy and infrastructure,” said Affordable Housing Tax Credit Coalition (AHTCC) Executive Director Emily Cadik. “This bipartisan legislation would provide more than two million sorely needed affordable homes over the next decade through a proven model that leverages both the public and private sectors.”The AHCIA of 2021’s lead sponsors include Sens. Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH), and Reps. Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad Wenstrup (R-OH). In the 116th Congress, the AHCIA was co-sponsored by over half the House of Representatives and over 40 Senators.Through public-private partnerships, the Housing Credit has offered nearly 3.5 million affordable homes in rural, suburban, and urban areas, serving eight million households since 1986.The AHCIA of 2021 builds on prior versions of the AHCIA first introduced in 2016, and led to the enactment of a minimum 4% Housing Credit rate in 2020, a temporary 12.5% Housing Credit allocation increase, and a flexibility known as “income averaging” in 2018. The AHCIA could also support nearly three million jobs, and generate $346 billion in wages and business income, and nearly $120 billion in tax revenue.The AHCIA of 2021 would accelerate the proposed Housing Credit allocation increase and proposes a new flexibility to allow Housing Credit developments to maximize critical Private Activity Bond financing. The legislation would also provide states with additional flexibilities, streamline program rules, and make the Housing Credit more effective in hard-to-reach rural and Native American communities. The bill would also help states use the Housing Credit to benefit their lowest-income residents, such as homeless veterans.“More than 10 million households nationwide were paying more than half of their monthly income on rent prior to the COVID-19 crisis, and millions more are now struggling to keep a roof over their heads,” said Matt Josephs, President of the AHTCC Board of Directors and Senior Vice President for Policy at the Local Initiatives Support Corporation. “The Affordable Housing Credit Improvement Act will help address our nation’s severe affordable housing shortage at a time when bold investments in affordable housing are sorely needed.” Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordable Housing Credit Improvement Act (AHCIA) of 2021 Affordable Housing Tax Credit Coalition (AHTCC) Emily Cadik Housing Credit Low-Income Housing Tax Credit About Author: Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago Affordable Housing Credit Improvement Act (AHCIA) of 2021 Affordable Housing Tax Credit Coalition (AHTCC) Emily Cadik Housing Credit Low-Income Housing Tax Credit 2021-04-15 Eric C. Peck April 15, 2021 1,012 Views Print This Post Previous: Despite Federal Actions, Q1 Foreclosures Rise Next: Texas Supreme Court Throws the Industry a Lifeline Legislation Introduced to Strengthen the Housing Credit in Daily Dose, Featured, Journal, News The Best Markets For Residential Property Investors 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribe
ABC News(NEW YORK) — A hoax call to police was reported Tuesday morning at the Florida home of Parkland activist David Hogg, county officials said.Someone called authorities at 8:39 a.m. claiming there was a barricaded person at Hogg’s Parkland home, according to the Broward County Sheriff’s Office.SWAT officers responded and found no one home, the sheriff’s office said.Such hoax calls — also known as “swatting” — are intended to bring about a big police response.Authorities are investigating to determine who made the call, the sheriff’s office said. In the wake of the Valentine’s Day mass shooting at Stoneman Douglas that killed 17 students and staff, several students like Hogg, 18, organized a youth-led movement to push for stricter gun laws that has spread across the country. The movement quickly made Hogg and some of his classmates have become nationally recognized figures.Hogg has not tweeted about the swatting report. Copyright © 2018, ABC Radio. All rights reserved.