Housing Credit Turns 40! The Housing Credit turned 40 in October! The Housing Credit was signed into law by President Ronald Reagan on October 22, 1986, as part of the Tax Reform Act of 1986. Since then, the Housing Credit has become the number one tool for financing the construction
Today, ACTION celebrates a major milestone as the Housing Credit turns 40! The Housing Credit was signed into law on October 22, 1986. In the four decades since its inception, the Housing Credit has financed the creation or preservation of around 4.28 million affordable rental homes in communities of all
Housing Credit Turns 40! The Housing Credit turns 40 in October! The Housing Credit was signed into law by President Ronald Reagan on October 22, 1986, as part of the Tax Reform Act of 1986. Since then, the Housing Credit has become the number one tool for financing the construction
CRA Update New CRA Proposed Rule Formally Published in Federal Register On August 12, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), two of the three federal banking regulators, formally published in the Federal Register the Notice of Proposed Rulemaking (NPR) that
Legislative State-of-Play 21st Century ROAD to Housing Act Becomes Law! At 12:00 a.m. on July 11, the 21st Century ROAD to Housing Act became law! The President opted not to sign the bill in protest of Congress not passing unrelated election reform legislation; however, the Constitution establishes that legislation passed
Legislative State-of-Play Congress Overwhelmingly Passes 21st Century ROAD to Housing Act In late June, Congress overwhelmingly passed the 21st Century ROAD to Housing Act! On June 22, the Senate passed this major housing legislation by a significant 85-5 vote, followed by the House passage with a similarly powerful 358-32 vote
House Passes 21st Century ROAD to Housing Act! Following last night’s overwhelming 85-5 vote on the 21st Century ROAD to Housing Act, the House passed it tonight by a similarly strong vote of 358-32. Last week, the Senate unveiled a bipartisan, bicameral compromise version of the legislation, which the House
Senate Passes 21st Century ROAD to Housing Act! On June 22, the Senate passed the 21st Century ROAD to Housing Act by an overwhelming vote of 85-5. The bill passed following previous procedural votes last week showing similarly strong bipartisan support: 84-8 on June 18 and 87-8 on June 16. Earlier
Legislative State-of-Play House Overwhelmingly Passes Amended 21st Century ROAD to Housing Act On May 20, the House of Representatives passed an amended version of the 21st Century ROAD to Housing Act by an overwhelming bipartisan margin of 396-13. ACTION’s top priority in the bill, increasing the Public Welfare Investment (PWI)
May is National Affordable Housing Month, a time to recognize both the importance of affordable housing and the scale of the nation’s housing shortage. Recent estimates vary, but all point to the same conclusion: the United States needs significantly more housing. Some data suggests that America is short 7.2 million
Legislative State-of-Play House Weighs Path Forward on 21st Century ROAD to Housing Act As the House and Senate continue to hash out possible next steps for the 21st Century ROAD to Housing Act (H.R. 6644), concerns remain around the institutional investor ban for single-family homes, found in Section 901. The
Legislative State of Play Housing Authorization Package Passes Senate; House Wants Changes On March 12, the Senate passed an amended version of the housing authorization and reform package that combines provisions of the earlier Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. The amended
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