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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
Statement from NAHB Chairman Granger MacDonald on GOP Tax Plan
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the tax plan that will be put forth by Republican members of the House Ways and Means Committee
6 Things Every Rental Property Owner Should Know About the Law
This piece isn’t intended to be your one-stop shop for every detail or nuance, but it will provide you with an overview of what need to know regarding the law and your investment property. If you are concerned or have additional questions, you may want to consider speaking to an experienced attorney.
ABC Announces Promotion of Téa Gennaro to Chief Financial Officer
Associated Builders and Contractors (ABC) announced the promotion of Téa Gennaro to Chief Financial Officer (CFO). She will be responsible for managing and directing the accounting, finance and facilities functions at ABC and its affiliated organizations—the ABC Political Action Committee, ABC Retirement and Savings Plan, Construction Legal Rights Foundation, Trimmer Construction Education Foundation and ABC Services Corp.
VA, Ginnie Mae Create Task Force to Address Mortgage Refinancing Issues
The Government National Mortgage Association (Ginnie Mae) and the Department of Veterans Affairs (VA) announce the formation of the “Joint Ginnie Mae – VA Refinance Loan Task Force.”
PHILLIP G. NICHOLS OF PIRCHER, NICHOLS & MEEKS AWARDED 2018 LAWYER OF THE YEAR...
Pircher, Nichols & Meeks LLP (Pircher), a national real estate law firm with offices in Los Angeles and Chicago, announced today that one of its founding members, Phillip G. Nichols, has been named Lawyer of the Year for Real Estate Law in Los Angeles by Best Lawyers®. Nichols was previously honored with this award in 2012 and has been recognized by Best Lawyers® since 2001
Tax Reform Framework a Major Step Forward, Says ABC
Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), issued the following statement supporting the Unified Framework for Fixing Our Broken Tax Code released today by congressional and administration leaders
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.
Court Finds Defendants Lied to Consumers When Selling Legal Services for Mortgage Relief
A federal court has found that Jeremy Foti and Charles Marshall, acting through Brookstone Law and Advantis Law, “made numerous false and/or misleading material statements to consumers” when selling legal services for purported mortgage relief.
Homeownership a Common Interest, Deserves Protection in Tax Reform Debate
Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National Association of REALTORS® brought to Congress today as Iona Harrison, chair of NAR’s Federal Taxation Committee
HUD SECRETARY BEN CARSON’S STATEMENT ON TAX REFORM
U.S. Housing and Urban Development Secretary Ben Carson made the following statement regarding tax reform. "One of the most important actions we can take to grow our economy and help families get ahead is to fix our broken tax code.
Homeownership Remains Key Part of American Dream; Obstacles Persist for Many
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more than two-thirds of Americans believe that owning a home is an essential part of the American Dream.
Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...
President Trump’s proposal for tax reform is a missed opportunity to reprioritize and rebalance federal housing policy. By raising the standard deduction, Mr. Trump’s tax plan would lead to fewer households claiming the mortgage interest deduction (MID) – a $70 billion tax write-off that primarily benefits higher income households.
Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors®
Major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come at the expense of current and prospective homeowners. That’s according to National Association of Realtors® President William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties.
President Trump Requests $11.6 Billion for Interior Department’s FY 2018 Budget
U.S. Secretary of the Interior Ryan Zinke today announced President Trump’s $11.6 billion Fiscal Year (FY) 2018 budget blueprint request for the Department of the Interior. The budget meets the Department's core mission while also saving taxpayers $1.5 billion or 12 percent reduction from the FY 2017 Annualized Continuing Resolution level.
The Law Center Announces A Major Bipartisan Victory to House Homeless People Using Surplus...
The National Law Center on Homelessness & Poverty (the Law Center) announced a major victory that will create housing for people experiencing homelessness by using surplus federal property. The Law Center worked with a bipartisan coalition in Congress on the Federal Assets Sale and Transfer Act of 2016 (FAST Act), which reforms how the federal government disposes of its property, including property for homeless services under Title V. The FAST Act (H.R. 4465) passed the U.S. House of Representatives in May of 2016, and then passed the U.S. Senate by unanimous consent on December 10, 2016. The bill is expected to be signed into law.
Government Receives a “D” on Report Card in Response to Homelessness
The National Law Center on Homelessness & Poverty (the Law Center) issued Grading the U.S. Response to Homelessness, its annual report card on the human right to housing in the U.S. The report card praises the progress of the federal government this year in addressing the criminalization of homelessness and in some areas to promote fair housing, but condemns its ongoing failure to stem the tide of homelessness by ensuring adequate, affordable housing is available to all, resulting in an overall grade of “D.”
GSA Auctions the Cotton Annex Building
The U.S. General Services Administration (GSA) begins the public sale for Cotton Annex building in an effort to find a new owner for the property while creating the greatest possible value for taxpayers.
Justice Department Files Brief to Address the Use of Criminal Background Checks by Housing...
The Justice Department filed a statement of interest today arguing that the Fair Housing Act (FHA) requires that landlords who consider criminal records in evaluating prospective tenants do not use overly broad generalizations that disproportionately disqualify people based on a legally protected characteristic, such as race or national origin.
Khemka & Choudhary - Houston TX Employment & Tenant Lawyer and Attorney
Khemka & Choudhary - Houston TX Employment & Tenant Lawyer and Attorney
Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...
The National Low Income Housing Coalition (NLIHC) welcomes an elevated discussion and proposed solutions to the country's affordable housing crisis. Together with our members, partners and allies across the country, we work towards ensuring the lowest income families have decent, safe and affordable homes. While we are pleased to have Senator Ron Wyden (D-OR) prioritizing solutions to the affordable housing crisis, his proposed Middle Income Housing Tax Credit (MIHTC) program would be a misguided and wasteful use of federal resources
