Bulletin Board Magazine 2022 Volume 1

NAHB Resources

Elevated Inflation and Slowing Economic Growth Robert Dietz, Ph.D. NAHB Chief Economist

NAHB Issues Report

Jerry Howard Chief Executive Officer

Elevated Inflation and Slowing Economic Growth

Issues Report

NAHB Meeting of the Members February 9, 2022

IBS 2022

Robert Dietz, Ph.D. NAHB Chief Economist

Click to view presentation

Click to view presentation

Jerry Howard Chief Executive Officer 202-266-8599 or 800-368-5242, ext. 8599

Quick Issues Index – IBS Leadership Meetings 2022

Quick Issues Index – IBS Leadership Meetings 2022 Build Back Better • The House passed a scaled-down version of the Build Back Better Act prior to Thanksgiving, which eliminated several problematic tax increases included in earlier drafts • To pass the Senate, the bill requires unanimous support of all Democrats. However, Senator Joe Manchin (D-WV), after weeks of negotiating with the White House, announced in late December he could not support the House-passed bill. This brought all efforts to pass it to a halt. • If the bill is revived, it will have to undergo a significant re-write to earn Senator Manchin’s support. We expect Democrats to begin those discussions in the coming weeks, and we will remain engaged. For more information, contact JP Delmore, jpdelmore@nahb.org. • As part of the Build Back Better Act, House Democrats have proposed a complete overhaul of the existing energy tax incentives, many of which expired at the end of 2021. • The Build Back Better Act has stalled in the passage, adding considerable uncertainty to the future of these now-lapsed tax incentives. • Many of the changes proposed were positive, but some would diminish the utility of these credits moving forward. Of concern is the proposal to shift qualification of the Section 45L tax credit to participation in the Energy Star Program, which is a niche program. For more information, contact JP Delmore, jpdelmore@nahb.org. Click to view presentation Tax Extenders

Low Income Housing Tax Credit

Bulletin Board | 49 | www.shorebuilders.org • The Build Back Better Act includes a historic investment of new resources into LHTC. • Key provisions include a 50% increase in credits allocated to the states and lowering the 50% test for bond de ls.