Last week, the House released the 1,684-page budget reconciliation bill text for spending provisions, which includes $153 billion for housing:
While the topline number ($1.75 trillion, down from the originally proposed $3.5 trillion) has been agreed to, several items are still being negotiated between members of the Democratic party. Most of those items fall into the tax bucket (potential pay-fors, SALT deductions, etc.) as well as prescription drug pricing and paid family and medical leave. All of these items impact the prospect of LIHTC provisions being included in the final text. NH&RA and our partners are working hard to advocate for their inclusion. At this time, advocacy to the White House – specifically the National Economic Council – is needed. Please contact us if you have any connections and would like talking points!