Trump Signs Omnibus Spending Bill into Law

WASHINGTON–March 23, 2018–President Donald Trump signed the $1.3 trillion fiscal year 2018 omnibus spending bill to keep the government operating through Sept. 30.

The legislation includes a 12.5 percent allocation increase for the next four years for the 9 percent low-income housing tax credit (LIHTC), an income averaging option for LIHTC properties, a $4.7 billion annual budget increase for the U.S. Department of Housing and Urban Development (HUD) and an extension through 2024 with an increase of the cap to 455,000 units for HUD's Rental Assistance Demonstration (RAD) program.

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