HUD Funding: The formal appropriations process is underway in Congress. Despite concerns of potentially drastic cuts to HUD, the Republican-controlled House Appropriations Subcommittee on Transportation, Housing and Urban Development opted to propose a relatively flat budget from Fiscal Year 2025. Learn more.
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LIHTC: NAA’s Owen Caine was featured in a Multi-Housing News article on the Low-Income Housing Tax Credit provisions passed in the new tax law. “[Congress] is taking a long-term view of housing, certainly affordable housing, and we are hoping they continue to have that support and long-term financial stability view when appropriations come in (during the fall)… There’s an incredible value for everyone involved in its permanency.” Read the latest.
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Federal Tax Law: The latest episode of NAA Apartmentcast features a conversation with Owen Caine, discussing what the final federal tax law means for the rental housing industry. Listen to the episode here.
Driving Local Economic Growth: The Apartment Career Credentials Empowering Student Success (A.C.C.E.S.S.) Program – conducted by the Greater Charlotte Apartment Association – was featured in the U.S. Conference of Mayors Business Council 2025 Best Practices Report. Access the report.
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Housing Vouchers: “Mayor Eric Adams’s administration must put into effect several laws to significantly expand New York City’s housing voucher program, a state appeals court ruled on Thursday, dealing a loss to Mr. Adams, who had opposed the measures over their potential cost.” (New York Times)
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