12.13.18
Congresswoman Maxine Waters (D-CA) issued a statement this week after her nomination by the House Democratic Steering and Policy Committee to serve as the chair of the House Committee on Financial Services. Though subject to the approval of the Democratic caucus, Waters will be the first woman and African American to lead the committee, which oversees public and affordable...
11.30.18
With House Democrats poised to take control of the chamber in early January, leadership choices for the House and Senate have been finalized by the respective Democratic and Republican Caucuses—except for the final floor vote for House Speaker on January 3, 2019. The Senate will once again see Mitch McConnell as Majority Leader, and Nancy Pelosi is the odds-on favorite to win a second...
11.28.18
A new bill from House Ways and Means Committee Chairman Kevin Brady (R-TX) that includes an array of tax provisions could put Housing Credit legislation back in play during the lame duck session of Congress. The “Retirement, Savings, and Other Tax Relief Act of 2018,” would renew some expired tax provisions, make technical corrections to the recent tax cut legislation, provide incentives for...
11.9.18
While the federal House and Senate races were the big story of Tuesday’s midterm elections, voters across the country considered critical state and local ballot issues as well, including eight states that dealt with the construction of affordable housing or expanding protections for renters.
Legislation
Housing Opportunities Through Modernization Act of 2016 (HOTMA)
The Housing Opportunities Through Modernization Act of 2016 (HOTMA) received bipartisan support and was passed by Congress on July 14, 2016. The legislation makes significant positive reforms to the Section 8 Project-Based Voucher (PBV) program, including allowing housing authorities to project-based up to 20 percent of its authorized voucher allocation, with up to an additional 10 percent for targeted populations. The bill also allows more supportive services to be provided to homeless families and individuals, families with veterans, and the disabled and elderly. HUD is still in the process of implementing several provisions enacted by HOTMA.
HR3700 Housing Opportunity Thru Modernization Act
HOTMA CLPHA Section by Section
