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Capitol Express - January 11, 2012


News Updates

Congressional and Administration News | Federal Register | Hearings and Events | Research and Reports

Enterprise Announces New Website

As Enterprise celebrates its 30th anniversary in 2012, we have also launched a redesigned website. We’ve integrated Enterprise’s wealth of information and resources into one interactive, intuitive and easy-to-navigate portal. This new website includes an expanded Policy and Advocacy webpage, which can serve as a daily source of housing and community development news. The site also includes new issue-specific web pages, legislative tracking and advocacy tools, and information on ongoing campaigns and coalitions.
Visit Enterprise’s redesigned website for all the tools and resources you need to meet your community’s needs. Same URL. Brand new experience.

Congressional and Administration News

Temporary Tax Bill Passes; Another Extension Possible

On Dec. 23, the President signed the Temporary Payroll Tax Cut Continuation Act of 2011 (Public Law No: 112-78); a bill that provides a two-month extension of the payroll tax holiday and expanded unemployment insurance benefits, among other provisions. The $30 billion year-end extenders bill will be paid for through increased rates for Fannie Mae and Freddie Mac guarantee fees and Federal Housing Administration insurance premiums. While this current bill will expire on Feb. 29, Congressional leadership has pledged to appoint a conference committee to start work on a full-year extension bill in the coming weeks once the House and Senate convene. Many businesses are working to include dozens of tax provisions, including theNew Markets Tax Credit (NMTC) in the final extension bill. In the past, Congress has extended the NMTC and other expired tax provisions retroactively.

HUD Releases Proposed HOME Program Rule

HUD has published a new proposed rule for the HOME Investment Partnership Program intended to amend program regulations, address operational challenges, update program property standards, clarify existing requirements and establish new requirements to improve program accountability. The deadline for public comment on the rule HOME Investment Partnerships Program: Improving Performance Accountability and Updating Property Standards (24 CFR Parts 91 and 92) is Feb. 14.

FY 2012, 2013 Appropriations Update

On Dec. 23, President Obama signed the Consolidated Appropriations Act of 2012 (Public Law Number: 112-74) into law, finalizing all fiscal year (FY) 2012 appropriations. The President will deliver his State of the Union address on Jan. 24 and will submit to Congress his FY 2013 budget request on Feb. 6. For complete information on FY 2012 appropriations for certain HUD, Department of Agriculture, Department of Energy and Department of Treasury programs, view the updated Enterprise's Budget Chart

>Federal Register and Funding Opportunity Update

Hearings and Events

Congressional Hearing Update

Housing Finance and Regulatory Reform

Upcoming Events


Research and Reports

Report Recommends Improvements to Federal Agencies’ Delivery of Affordable Housing

The White House Rental Policy Working Group released its administrative proposals for alignment of federal rental programs. The report recommends measures to reduce costs, improve program efficiency and effectiveness, and better serve low-income renter households through greater alignment of federal affordable housing programs. A number of the recommendations outlined can be implemented without legislation or new funding. Further information and status updates can be found at the White House Domestic Policy Council and HUD websites.

>Housing and Community Development Research and Analysis Released