Federal News

NOVEMBER 30, 2021

Urge Senators Portman & Brown to Support the Build Back Better Act

From NACEDA: The House of Representatives approved the Build Back Better Act with all housing and community development funding intact. The $1.75 trillion legislation includes significant priorities for the NACEDA network, including $9.9 billion for HOME Investment Partnerships Program, $3 billion for the Community Restoration and Revitalization Fund, and the Neighborhood Homes Investment Act, which provides a new federal tax credit to support the construction and rehabilitation of single-family, owner-occupied homes in distressed communities.

The Senate is now considering the Build Back Better Act. Changes to the bill’s provisions are expected. Senate leadership is trying to pass the Build Back Better Act by Christmas Recess.

Take Action Today! Contact Senators Portman and Brown and mobilize your networks to get this landmark legislation passed:

  • Voice your support for the Build Back Better bill, noting the importance of preserving $150 billion in housing and community development investments.

  • Urge people in your professional and personal networks to call their Senators to support the Build Back Better bill.

NOVEMBER 3, 2021

Housing Would Get $150B in Biden’s Revised Spending Framework

From NACEDA: President Biden announced a tentative agreement with Congressional leaders on his Build Back Better agenda. The agreement includes over $150 billion in affordable housing and community development investments over ten years. While the announcement represents a historic investment in housing and communities, NACEDA is deeply disappointed that the plan left out the CHDO set aside in the HOME Program. Included in the announcement:

  • Rental assistance ($25 billion)

  • First generation downpayment assistance ($10 billion)

  • Public housing capital improvements ($65 billion)

  • Community Restoration and Revitalization Fund ($3 billion)

  • Unlocking Possibilities Program to incentivize state and local zoning reforms ($1.75 billion)

  • Housing Trust Fund ($15 billion)

  • Rural Partnership Program ($873 million)

  • HOME Investment Partnerships Program ($9.9 billion)

  • Housing Investment Fund ($200 million)

  • Program administration, training, technical assistance, capacity building, and oversight ($1 billion)

View the Build Back Better Act bill text to see additional housing and community development investments in the agreement.