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Democrats Introduce Several Tax Bills Focusing on Affordable Housing
In the final days prior to the start of the traditional August congressional recess, Democrats in the House and Senate have put the spotlight on the affordable rental housing crisis by introducing a number of new bills.
HUD Publishes Notice on Disaster Recovery Funds
HUD has published a notice for the purpose of assisting in long-term recovery from 2017 disasters.
HUD to Amend Its Affirmatively Furthering Fair Housing Rule
On August 13, HUD published a notice inviting public comment on amendments to its Affirmatively Furthering Fair Housing (AFFH) regulations.
Treasury Releases Draft Regulations for 20% Pass Through Entities
The Treasury Department today released draft regulations for the new 20% pass through entity deduction under the Tax Cuts and Jobs Act of 2017.
The proposed regulations concern the deduction for qualified business income under Section 199A of the Internal Revenue Code.
Administration Proposes Modernizing Mortgage Lending
The Treasury Department released a report on July 31 addressing advances in financial market technology and related changes in the delivery of financial services. The report includes recommendations for legislative and regulatory action to streamline and modernize mortgage lending and servicing.
NAHB, USA Today Debate Merits of Updating the Endangered Species Act
In a point-counterpoint published on USA Today’s opinion page on Aug. 2, NAHB Chairman Randy Noel and the USA Today editorial board debated the merits of the Trump administration’s proposed changes to the Endangered Species Act.
National Flood Insurance Program Receives 4-Month Extension
The Senate voted today to approve House-passed legislation that will extend the National Flood Insurance Program (NFIP) until Nov. 30. Absent congressional action, the program would have expired at 11:59 p.m. tonight.
DOL Issues Guidelines for Industry-led Apprenticeships
The Department of Labor issued guidelines last week for the creation of industry-led apprenticeship programs. The order is a step toward implementing President Trump’s executive order Expanding Apprenticeships in America that was issued last year.
A Looming $1 Billion Tax on Housing
President Trump’s plans to propose 10% tariffs on $200 billion worth of Chinese imports — including nearly 500 products used in residential construction — could have major ramifications for the housing industry.
House Extends Flood Insurance Program Through Nov. 30
With a July 31 deadline looming, the House today approved a four-month extension of the National Flood Insurance Program (NFIP) until Nov. 30. It is anticipated that the Senate will approve a similar bill before the NFIP is set to expire on July 31.