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In 2023, Newsom signed AB 434, which empowers the Department of Housing and Community Development (HCD) to enforce the streamlining of HOME Act projects concerning ministerial processing of lot splits in single-family residential zones, along with the streamlining of projects which fall under the ADU law, SB 6 (2022), SB 4 (2023), SB 684 (2023) and AB 1218 (2023), and requires the department ...
The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
Jan. 29—Recently, U.S. Representatives Val Hoyle (OR-04) and Salud Carbajal (CA-24) introduced the Decent, Affordable, Safe Housing for All (DASH) Act, a companion bill to Senator Ron Wyden's ...
The Affordable Housing and High Road Jobs Act of 2022 (AB 2011) is a California statute which allows for a CEQA-exempt, ministerial, by-right approval for affordable housing on commercially zoned lands, and also allows such approvals for mixed-income housing along commercial corridors, provided that such housing projects satisfy specific criteria of affordability, labor, and environment and ...
Aug. 30—CONCORD — A bipartisan group of lawmakers embraced the outlines of proposals intended to break down barriers to building more housing in New Hampshire. Rep. Joe Alexander, R-Goffstown ...
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
As for the 2024 property tax levy, the city lowered its property tax levy rate from $1.54 per $1,000 of a property's assessed value in 2023 to $1.33 per $1,000 of assessed value.
In January 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 by a vote of 357-70, which includes provisions impacting Section 42 of the U.S. Tax Code, the law governing LIHTC. The legislation would restore an expired 12.5% allocation increase to each state’s Housing Credit ceiling and ...