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2020 Priorities

Legislative and Regulatory Priorities

The National Council of State Housing Agencies (NCSHA) is a national nonprofit, nonpartisan organization created by the nation’s state Housing Finance Agencies (HFAs) to advance through advocacy and education their efforts to provide affordable housing to those who need it. NCSHA’s priorities, adopted annually by its Board of Directors after consultation with all its HFA members, set the agenda for NCSHA’s advocacy before Congress, the Administration, and the federal agencies concerned with housing, including the Department of Housing and Urban Development, the Department of Agriculture, and the Treasury.

NCSHA’s overarching goal is an affordably housed nation. To achieve this, NCSHA will pursue on behalf of its HFA members the federal housing resources, policies, and flexibility necessary for them to respond fully to the broad spectrum of affordable housing needs they serve, including housing for families, persons with special needs, the elderly, people experiencing homelessness, and those at risk of homelessness; through homeownership and rental housing; with both new production and preservation; and in urban, suburban, and rural areas.

In 2020, NCSHA’s legislative and regulatory priorities on behalf of the nation’s state HFAs are to:

  • Protect and strengthen the state HFA role in the administration and delivery of the federal resources Congress has, over decades on a bipartisan basis, entrusted them to deliver and advocate on a strategic basis for additional affordable housing resources, programs, and policies in collaboration with other leading national organizations.
  • Establish a central role for state HFAs in legislative and regulatory efforts to reform the housing finance system that increases accessibility and affordability for first-time buyers and households of color, including through the Affordable Housing Goals, Duty-to-Serve requirements, and dedicated funding for the Housing Trust Fund and Capital Magnet Fund.
  • Increase the production and preservation of affordable rental apartments by expanding the Low Income Housing Tax Credit and improving it and tax-exempt Multifamily Housing Bonds through enactment of the Affordable Housing Credit Improvement Act (S. 1703/H.R. 3077) and the Save Affordable Housing Act (S. 1956/H.R. 3479). (See Appendix for more detail.)
  • Stimulate the development and rehabilitation of affordable for-sale housing through improvements to Mortgage Revenue Bonds and Mortgage Credit Certificates and the enactment of the Neighborhood Homes Investment Act (H.R. 3316).
  • Support the utilization of the Opportunity Zone tax incentives to expand and preserve affordable housing.
  • Reduce unnecessary and burdensome regulations in federal affordable housing policies and programs to maximize their efficiency and effectiveness, and advocate for smarter approaches to regulation at the state and local levels.

Business Priorities

In 2020, NCSHA’s business priorities on behalf of the nation’s state HFAs are to:

  • Support state HFA business development and innovation that enables the agencies to serve more households more efficiently and effectively, through new lending executions, wider capital options, and deeper relationships with the housing government-sponsored enterprises, mortgage bankers, non-bank lenders, and private mortgage insurance companies.
  • Support state HFA opportunities to expand partnerships with national organizations and industry leaders in other sectors, including health care, education, disaster response and recovery, and economic development.
  • Strengthen research and analysis that quantifies the impacts of state HFAs.

Appendix: Housing Credit and Bond Priorities

Housing Credit

  • Increase the Housing Credit cap authority by at least 50 percent.
  • Establish a permanent minimum 4 percent Housing Credit rate for both Bond-financed developments and for acquisition.
  • Allow states to award a 30 percent basis boost to Housing Bond-financed developments.
  • Modify the Housing Credit qualified contract process statute to promote preservation, including by setting the statutory price at fair market value of the property, taking into account the rent-restrictions on the low-income portion.
  • Establish a 50 percent basis boost for units reserved for extremely low-income (ELI) households in properties that reserve at least 20 percent of units for ELI households.

Housing Bonds

  • Expand multifamily Housing Bond recycling authority.
  • Repeal the MRB refinancing prohibition.
  • Eliminate the MRB purchase price limits.
  • Eliminate the MRB home improvement loan limit or at least increase it by an amount at least adequate to reflect the rise in construction costs.
  • Strengthen the Mortgage Credit Certificate program.
  • Repeal the MRB Ten-Year Rule.
  • Eliminate the MRB recapture tax provision.