Advocacy Success: Income Averaging Enacted into law in omnibus bill
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The Treasury Department has released its Opportunity Zone guidance today. The Opportunity Zone tax incentive was born out of the Tax Cuts and Jobs Act and is designed to attract investments in economically distressed communities nationwide. It allows investors to defer capital gains tax for new investments made in qualified Opportunity Zones. The proposed regulations […] Read More
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NYHC submitted comments today responding to HUD’s Advance Notice of Proposed Rulemaking (Docket No. FR-6123-A-01) regarding HUD’s intent to streamline the Affirmatively Furthering Fair Housing (AFFH) rule. In the ANPR, HUD invited comments on a series of 8 questions that are intended to weaken the AFFH rule via loosening goals around data collection, analysis, reporting, […] Read More
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Building on the momentum of affordable housing advocacy across the country, Sen. Elizabeth Warren (D-Mass.) introduced the American Housing and Economic Mobility Act of 2018, a major and wide-sweeping new housing bill that aims to build or rehabilitate more than 3 million new affordable homes over a period of ten years at a cost of nearly […] Read More