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The California Social Housing Act is a proposed California bill to establish an independent statewide housing authority, known as the California Housing Authority, to acquire land for, develop, own and maintain public housing. The bill is authored by Alex Lee and was first introduced to the 2021–2022 session of the California State Legislature.
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.
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 ...
Among the AHA’s funding is $1.6 billion in capital reauthorization for repairing and modernizing public housing, $800 million for the state’s Affordable Housing Trust Fund, $275 million to ...
January 13, 2024 at 11:33 PM. ... has introduced a bill to appropriate $500,000 to help the New Mexico Mortgage Authority support the state's Affordable Housing Act.
First, there is no tax cut on property sales under $525,000; the bill to make housing more affordable doesn’t give any break on the most affordable housing. For a home valued at $625,000, the ...
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 ...
The Affordable Homes Act is expected to produce 40,000 to 45,000 new housing units and preserve 27,000 affordable housing units across the state in the next four to five years.