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The Affordable Housing Equity Act of 2025 (H.R. 3964) would provide a 50 percent eligible basis boost for projects that reserve at least 20 percent of units for ELI households and are deemed financially infeasible without such a boost.
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The Senate recently confirmed Bill Pulte as Federal Housing Finance Agency (FHFA) Director by a 56-43 vote. The FHFA oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System, which collectively provide more than $8.5 trillion in funding for U.S. mortgage markets and financial institutions. Currently, the FHFA sets and adjusts the annual investment cap for Fannie Mae and Freddie Mac in the LIHTC market.
The Senate Finance Committee recently voted 16-11 to advance Scott Bessent’s nomination for U.S. Treasury Secretary. His nomination now heads to the Senate floor, where a final confirmation vote is expected in the coming days.
Against a deepening crisis in affordable housing across the country, the U.S. Department of the Treasury urges state action against a long-standing provision in the LIHTC program, commonly referred to as the “qualified contract loophole.”
The Treasury Department recently released a report that analyzed the first year of the Low-Income Communities Bonus Credit Program. The program is part of the Biden-Harris Administration's "Investing in America" agenda and represents an unprecedented i...
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