Last Friday, the U.S. House passed H.R. 4213, the “Tax Extenders Bill.”
The legislation provides $1 billion for the National Housing Trust Fund (NHTF), which will enable communities to build, rehabilitate, and preserve housing for very low income households.
The legislation also includes $2.5 billion for the TANF Emergency Contingency Fund (ECF), which provides benefits, cash assistance, subsidized employment, and short-term assistance to low-income families.
The ECF was enacted under the Recovery Act and was set to expire Sept. 30. The bill extends it to Sept. 30, 2011.