Sunday, October 2, 2022
Authors Posts by NLIHC

The National Low Income Housing Coalition (NLIHC) is dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes.

The National Low Income Housing Coalition is dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes.

Contact:

Tel: 202/662-1530
Fax:  202/393-1973

NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel — Response...

While the preservation of Low Income Housing Tax Credits and Private Activity Bonds avoids an immediate devastating impact on affordable housing, this bill will exacerbate our country’s already yawning income inequality and will harm efforts to end homelessness and housing poverty. An estimated 64% of the bill’s benefits go to the top 1% of earners, at a cost to the country of over $1 trillion.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel — House...

The House Financial Services Committee will vote next week on a bill – introduced by Congressman French Hill (R-AR) – that includes a provision to hold hostage the national Housing Trust Fund, a program that helps America’s lowest income seniors, people with disabilities, families with children, and veterans afford to keep a roof over their heads, until Congress passes legislation to reform Fannie Mae and Freddie Mac. While NLIHC looks forward to working with Congress to enact bipartisan housing finance reform legislation that ensures housing access and affordability for American families, it strongly opposes using critically needed housing resources for struggling families as a bargaining chip
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel— Senate Passes...

Senate Republicans approved a tax plan today that, if enacted, would harm millions of the lowest income seniors, people with disabilities, families with children, veterans, and other at-risk populations in need of federal investments to help them afford a roof over their heads. With this vote, Republicans in Congress are one step closer to providing massive, unpaid-for tax cuts for the rich and powerful, draining resources needed for other critical investments, including affordable housing.
NLIHC

The Tax Bill Would Trigger Automatic Cuts to Key Housing Programs

According to the Congressional Budget Office, the Republican tax bill would trigger the “Statutory Pay-As-You-Go Act” of 2010. This Act was designed to limit increases to the national debt by forcing automatic cuts to critical programs, including those that help low income families meet their basic needs. If enacted, the Republican tax bill would trigger automatic cuts to the national Housing Trust Fund (HTF), a program that makes rental homes affordable for people with the greatest and most acute housing needs.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel—The Price of...

Comprehensive tax reform offers a once-in-a-generation opportunity to address one of the biggest barriers to economic success for families struggling to get by: the lack of decent, accessible and affordable homes for the lowest income people. Nationally, there are just 35 homes affordable and available to every 100 of the lowest income families. Due to chronic underfunding of critical affordable housing programs, just one in four low income households in need receives any assistance.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on the...

The tax reform legislation proposed by House Republican leaders takes a historic step in directly revising the mortgage interest deduction (MID), a $70 billion annual tax expenditure that primarily benefits higher income households—including the top 1% of earners in the country. The Republican tax proposal makes sensible reforms in lowering the amount of a mortgage against which the MID can be claimed to $500,000 for new home loans and doubling the standard deduction. This change to the MID would impact fewer than 6% of mortgages nationwide and would save an estimated $95.5 billion over the first decade
NLIHC

New Report Shows That the Mortgage Interest Deduction is One of the Drivers of...

The National Low Income Housing Coalition (NLIHC) and the Institute on Assets and Social Policy (IASP) at Brandeis University’s Heller School released today a report, “Misdirected Investments: How the Mortgage Interest Deduction Drives Inequality and the Racial Wealth Gap.” The report shows that while African Americans and Hispanics each account for 13% of the nation’s households, they receive only 6% and 7% of the tax benefits from the mortgage interest deduction (MID). White households receive nearly 78% of the deduction’s benefits.
NLIHC

Hundreds of Organizations Call for Immediate Relief for Puerto Rico and the Virgin Islands...

Hundreds of local and national organizations signed onto four National Low Income Housing Coalition (NLIHC)-led Hurricane Housing Recovery Coalition letters urging the White House and Congress to provide immediate relief to the people of Puerto Rico and the U.S. Virgin Islands and to ensure that federal housing recovery and rebuilding efforts are complete and equitable for all individuals and communities impacted by the devastation of Hurricanes Harvey, Irma and Maria
NLIHC

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

The tax reform plan proposed by Republican leaders in Congress and the White House overlooks one of the best and most immediate ways to spur economic growth and help everyday Americans who have been left behind: reprioritizing and rebalancing federal housing policy.
NLIHC

New National Housing Preservation Database (NHPD) Data Released Today Data indicates that 488,332 Affordable...

New data released today in the National Housing Preservation Database (NHPD) shows that nearly 500,000 federally-assisted apartments or rental homes will reach the end of their current subsidy contracts and affordability restrictions for low-income families in the next five years. Nearly one in four of these units are funded by Low Income Housing Tax Credits (LIHTC).
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on the...

The “Rent Relief Act of 2017,” legislation announced today by U.S. Representative Joe Crowley (D-NY), would provide much-needed resources directly to struggling families and individuals to help them afford to keep a roof over their heads. The refundable tax credit would put more money in the pockets of the lowest income families, at a time when their wages have flatlined and housing costs have skyrocketed.
NLIHC

Solidarity: A Special Statement by Diane Yentel, President and CEO, NLIHC

Like most of you, I am stunned, saddened and outraged — by the terrible acts of hatred and intolerance displayed in Charlottesville this weekend, and by the president's shameful response
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on HUD’s...

The Department of Housing and Urban Development (HUD) published on August 9 its Worst Case Housing Needs: 2017 Report to Congress, showing that 8.3 million unassisted very low income households in America spend more than half of their income on their housing, live in severely substandard housing, or both. The number of households experiencing this “worst case housing” has increased by 41% since 2007 and by 66% since 2001. We are experiencing an affordable housing crisis of unprecedented proportions.
NLIHC

More than 40 Events Planned Across the Country to Demand Greater Investments in Affordable...

Thousands of advocates, organizations, and elected officials in more than 30 cities across the country will join the Our Homes, Our Voices National Housing Week of Action, July 22 to 29, led by the Campaign for Housing and Community Development Funding (CHCDF), to call for increased federal investments in affordable housing and community development.
NLIHC

Week of Action Planned to Call for More Investments in Affordable Housing and Community...

The National Low Income Housing Coalition (NLIHC), together with state, local, and national partners, is leading a national week of action called Our Homes, Our Voices across the country calling for increased federal investments in affordable housing and community development. The coordinated series of events and activities, from July 22 to July 29, will take place in more than 20 cities.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on the...

The Department of Housing and Urban Development (HUD) published the official amounts of national Housing Trust Fund (HTF) funding to states for 2017 in the Federal Register today, June 23. This year, HUD will allocate over $219 million to provide housing for extremely low income (ELI) households, those with incomes at or below 30% of the area median income, or at or less than the federal poverty guideline.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on the...

The National Low Income Housing Coalition (NLIHC) applauds the release of Fiscal Year (FY) 2017 allocations of state-by-state funding levels for the national Housing Trust Fund (HTF) from the Department of Housing and Urban Development (HUD). The funding, approved on Wednesday, June 14, is an important step towards alleviating the severe shortage of homes affordable to the lowest income people across the country
NLIHC

Advocates Plan Day of Action on July 29 to Call for Greater Federal Investments...

The Campaign for Housing and Community Development Funding (CHCDF) and other state, local, and national leaders call on advocates, elected officials, and concerned citizens to participate in the Our Homes, Our Voices day of action on July 29 to bring more attention to America’s affordable housing crisis
NLIHC

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

The National Low Income Housing Coalition (NLIHC) commends Senator Tim Kaine (D-VA) and his colleagues for introducing the “Fair and Equal Housing Act of 2017.” Joining Senator Kaine as original cosponsors of the legislation are U.S. Senators Tammy Baldwin (D-WI), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Maggie Hassan (D-NH), Patrick Leahy (I-VT), Kirsten Gillibrand (D-NY), Ron Wyden (D-OR), Ed Markey (D-MA),
NLIHC

High Cost of Rental Housing in the U.S. is Out of Reach for Millions

A new report released today by the National Low Income Housing Coalition (NLIHC), Out of Reach: The High Cost of Housing, reveals that on average a full-time worker in the U.S. must earn $21.21 per hour to afford a modest two-bedroom apartment and $17.14 to afford a one-bedroom apartment.  The report indicates that housing costs are “out of reach” for both for the average renter and for millions of low-wage workers, seniors and people with disabilities living on fixed incomes, and other low-income households

Business Real Estate Press Releases

Milestones

InstaMortgage is First to Launch Milestones Homeownership Portals for Client Enrichment

Milestones (milestones.ai), the all-in-one homeowner portal making it easier for consumers to buy, move, sell, manage and access mortgage services for their home, is pleased to announce their partnership with InstaMortgage

Recent Gov & Nonprofit Real Estate Press Releases

VA

VA awards more than $130M in new grant funding to help...

On Sept. 13, the Department of Veterans Affairs announced that it awarded $137 million in grants through VA’s Supportive Services for Veteran Families Program to help Veterans who are homeless or at risk of becoming homeless and their families.