After spending weeks in their home districts and states campaigning for the midterm elections, members of Congress will return to Capitol Hill today (November 14). Though the exact composition of the new Congress is still being determined, members of the current Congress will need to finalize a fiscal year (FY) 2023 budget and wrap up other priorities before the new Congress begins on January 3, 2023.
Appropriations
U.S. Senate Appropriations Chair Patrick Leahy (D-VT) and Ranking Member Richard Shelby (R-AL) will retire at the end of this Congress, giving both leaders ample reason to finalize an FY23 budget before they leave office. Senators Patty Murray (D-WA) and Susan Collins (R-ME) are expected to become the new leaders of the Senate Appropriations Committee. In the U.S. House of Representatives, Chair of the Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) David Price (D-NC) will retire at the end of this Congress and is expected to be succeeded by Representative Mike Quigley (D-IL). The results of the midterm election will help determine who serve as chair and ranking member in the new Congress.
While talks between Appropriations Committee staff continued throughout Congress’s most recent recess, this week will be a pivotal time for Appropriations leaders hoping to reach a final agreement on topline spending numbers for defense and non-defense programs (known as “302(a)” spending levels). Once topline funding numbers for defense and non-defense discretionary programs are decided, leaders will allocate a topline spending number to each appropriations subcommittee (known as “302(b)” spending levels).
The 302(b) level determines how much funding will be available to subcommittees to divvy up between various programs under their jurisdictions. Congress has until December 16 to enact a final FY23 budget, pass another continuing resolution (CR) to extend the appropriations deadline and keep the federal government funded, or risk a partial government shutdown.
Tax Extenders
In addition to finalizing an FY23 budget, Congress may enact a text extenders package by the end of the year. NLIHC is urging policymakers to use the tax legislation to expand and reform the Low-Income Housing Tax Credit (LIHTC) to better serve extremely low-income (ELI) households. Congress regularly extends expiring tax provisions that are only authorized for a set number of years.
With a number of tax provisions up for extension at the end of this year, a tax extenders package represents the best opportunity currently available to expand and make needed legislative changes to the LIHTC program. NLIHC has released a fact sheet and call-to-action tool (see Memo, 10/31) focused on LIHTC reforms and is urging advocates to ask their members of Congress to include these reforms in an end-of-year tax extenders package.
Take Action
NLIHC and our partners in the Campaign for Housing and Community Development Funding (CHCDF) are leading our annual 302(b) letter, calling on Congress to provide the highest possible 302(b) level for HUD’s and USDA’s affordable housing, homelessness, and community development programs in the FY23 budget. So far, more than 1,800 national, state, local, and tribal organizations have joined the letter, and CHCDF is orchestrating a final push for signatures before re-sending the letter to Congress this week. If your organization has not joined the letter yet, please sign on by November 16 and then share the letter with your networks.
Advocates should also contact their members of Congress and urge them to support the highest possible level of funding for HUD’s and USDA’s affordable housing and homelessness programs in FY23, including significant funding for NLIHC’s top priorities:
Lastly, advocates should contact their members of Congress and urge them to use the end-of-year tax extenders legislation to expand and reform the Low-Income Housing Tax Credit (LIHTC) to better serve extremely low-income (ELI) households. (For ways to join this effort, see “Tax Extenders,” above.)
LIHTC is the primary funding source for financing the construction and preservation of affordable housing. While an important resource, LIHTC on its own is generally insufficient to support the construction and preservation of homes affordable to households with the lowest incomes. NLIHC is urging Congress to include the following LIHTC reforms in any tax extenders package:
Learn more about the range of needed changes to LIHTC at: https://bit.ly/3fto1R1
Read the new fact sheet focused on reforms needed for ELI households at: https://bit.ly/3gDnV9o
Contact your members of Congress about LIHTC reforms at: https://p2a.co/4qstqc5
Use NLIHC’s Fall and Winter 2022 Advocacy Toolkit to help create your message to Congress, and visit our Take Action page for more ways to get involved!
Congress is in recess for the Thanksgiving holiday, but negotiations over a final fiscal year (FY) 2023 spending bill gained momentum last week and will continue among Appropriations Committee staff…
Tomorrow’s (November 8) election will determine control of the House and Senate in the next Congress, and with it, the workload that lies ahead for members before the new Congress begins on January 3…
Congressional leaders have left Capitol Hill to campaign in their home districts and states in the run-up to Election Day, but Congressional and appropriations staff have continued behind-the-scenes…

source

Leave a Reply

Your email address will not be published. Required fields are marked *