Making an Incentive Better: House Members Introduce Bill to Improve Rehabilitation Tax Credit

By Caitlin Jones
August 24, 2011 1 min read

Making an Incentive Better: House Members Introduce Bill to Improve Rehabilitation Tax Credit

By Caitlin Jones
August 24, 2011 0 min read

Tax Credit Advisor, August 2011: On July 8, U.S. Reps. Aaron Schock and (R-Ill.) Earl Blumenauer (D-Ore.) introduced a bill (H.R. 2479) that would amend the federal rehabilitation tax credit program to support smaller projects, reward energy efficiency, and make other changes.

The Creating American Prosperity through Preservation Act of 2011 (CAPP), which reflects proposals developed by the Historic Tax Credit Coalition,has been referred to the House Ways and Means Committee, on which the two legislators sit. Prospects for passage this year are unclear, given uncertainties about Congressional action on budget and tax legislation. However, some current federal tax incentives — so-called extenders — are set to lapse at year-end.

An identical bill is expected to be introduced, perhaps in August, in the Senate, by Democratic and Republican lead sponsors from the Finance Committee.

NH&RA Presenting Sponsor

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.