Lack of affordable housing is devastating California families. Even with help, too many people in our district face housing insecurity. Sadly, the 2017 fires have only exacerbated this crisis.
As Chairman of House Committee on Ways and Means Subcommittee on Select Revenue Measures, which has jurisdiction over tax policy, I’m working to address housing affordability and homelessness using federal tax incentives, such as the Low-Income Housing Tax Credit, the Rehabilitation Tax Credit and tax-exempt bonds that encourage housing investment. I’ve also written the House Appropriations Committee to urge funding for important programs like the Community Development Block Grant, Section 8 Tenant-Based Rental Assistance and McKinney-Vento Homeless Assistance Grants.
Through these and other programs, I’ve worked to get our district millions of dollars in federal grants for homeless veterans and their children, for permanent and transitional housing and for homeless service programs at shelters.
Please know I’m committed to making housing affordable for more Californians. I’ll continue working in the Ways and Means Committee, with the House Appropriation Committee and with federal agencies to provide whatever assistance I can.
More on Housing
Washington – Today Rep. Mike Thompson (CA-05) released the following statement after voting to pass the Supplemental Appropriations Act. The bill contains key funding for which Thompson advocated to help the Fifth Congressional District with fire recovery. After a lengthy negotiation process, this bill now heads to the President’s desk for signature.
Washington – Today House Ways and Means Select Revenue Measures Subcommittee Chairman Mike Thompson (CA-05) announced that the Internal Revenue Service (IRS) has issued much-needed guidance clarifying that tax-exempt Private Activity Bonds (PABs) can be used to help finance housing projects for veterans, farmworkers and other populations.
Washington – Today Rep. Mike Thompson (CA-05) and Rep Jared Huffman (CA-02) announced that the Federal Emergency Management Agency (FEMA) has granted an extension for the Direct Temporary Housing Program which provides affordable housing for home owners and renters who had their homes destroyed in the October 2017 fires. Thompson and Huffman wrote to FEMA asking for an extension earlier this month.
Napa, CA – Today, Congressman Mike Thompson (CA-05) announced the U.S. Department of Housing and Urban Development (HUD) has awarded the Greater Napa Valley Fair Housing Center $425,000 in Fair Housing Initiatives Program (FHIP) grants to support its work to confront violations of the Fair Housing Act.
Washington – Today, Reps. Mike Thompson (CA-05) and Paul Cook (CA-08) introduced the Earthquake Mitigation Incentive and Tax Parity Act of 2017 to exclude incentives for residential seismic retrofits from federal taxation. These earthquake mitigation measures are already tax-free at the state level in California.
Bill Swindell | The Press Democrat
Rep. Mike Thompson, D-St. Helena, introduced a bill Wednesday that would exempt measures for residential seismic retrofits from federal tax.
Washington – Today, Rep. Mike Thompson (CA-05) called for improvements to low-income housing tax credits, which encourage property owners and private investors to invest in affordable housing. Tax credits are awarded to developers, who then use them for affordable housing projects that otherwise would not be profitable because of low rents. Thompson cosponsored the Affordable Housing Credit Improvement Act of 2017, which reforms these credits to increase access to affordable housing.
U.S. Rep. Mike Thompson (CA-05) today sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt to ask that the FHFA issue policy guidance that allows Fannie Mae and Freddie Mac to fully participate in Property Assessed Clean Energy (PACE) programs nationwide.
Washington, D.C. – U.S. Rep. Mike Thompson (CA-05) today sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt to ask that the FHFA issue policy guidance that allows Fannie Mae and Freddie Mac to fully participate in Property Assessed Clean Energy (PACE) programs across our country.
Rep. Mike Thompson (CA-5) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that $3.9 million in Affordable Housing Program (AHP) grants have been awarded to help finance five Napa County housing projects.