Policy Updates

  • The House tax bill passed yesterday by a vote of 227 – 205, with Rep. Reed, Rep. Tenney, Rep. Katko, and Rep. Collins voting for it in New York. The House tax reform bill eliminates Private Activity Bonds, critical to affordable housing financing.  All hope is not yet lost as the Senate bill, which was voted out […] Read More
  • The Senate Finance Committee released their tax reform proposal yesterday. Private Activity Bonds,  which generate 4% Low Income Housing Tax Credits, are retained!  With support in the Senate, there is now a chance the program will be preserved as tax reform moves forward. Republicans are extremely motivated to move tax reform forward quickly.  The Senate and […] Read More
  •   New York Will Lose $4.5 Billion in Affordable Housing Investment, 17k Affordable Homes & 28,000 Jobs Annually TAX PLAN FAILS AFFORDABLE HOUSING: Despite the fact that The Tax Cuts and Jobs Act (HR 1) released by House Republicans last week claims to preserve the Low Income Housing Tax Credit, the tax reform bill would […] Read More

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