Filter by Resource Type:
  • November 6, 2017

    House Republican leaders on November 2 released their tax reform bill, the Tax Cuts and Jobs Act, H.R. 1, in advance of a Committee mark-up scheduled to begin November 6 at 12:00 p.m. The bill eliminates tax-exempt private activity bonds (PABs), including both multifamily and single-family Housing Bonds, for bonds issued after 2017. In addition to eliminating tax-exempt PABs, the bill repeals the related Mortgage Credit Certificate (MCC) program. The Municipal Bonds for America organization, of which NCSHA is a member, sent Congress a letter opposing the elimination of tax-exempt PABs.

  • November 6, 2017

    House Republican leaders on November 2 released their tax reform bill, the Tax Cuts and Jobs Act, H.R. 1, in advance of a Committee mark-up scheduled to begin November 6 at 12:00 p.m. The bill eliminates tax-exempt private activity bonds (PABs), including both multifamily and single-family Housing Bonds, for bonds issued after 2017. In addition to eliminating tax-exempt PABs, the bill repeals the related Mortgage Credit Certificate (MCC) program. The ACTION Campaign, which NCSHA co-chairs, also released a statement about the impact of the bill on the Housing Credit.

  • November 6, 2017

    House Republican leaders on November 2 released their tax reform bill, the Tax Cuts and Jobs Act, H.R. 1, in advance of a Committee mark-up scheduled to begin November 6 at 12:00 p.m. The bill eliminates tax-exempt private activity bonds (PABs), including both multifamily and single-family Housing Bonds, for bonds issued after 2017. In addition to eliminating tax-exempt PABs, the bill repeals the related Mortgage Credit Certificate (MCC) program. NCSHA released a statement expressing our concerns about the bill.

  • August 1, 2017

    NCSHA President Grant Whitaker, who serves as president and chief executive officer of the Utah Housing Corporation, testified on behalf of NCSHA before the Senate Finance Committee on August 1st.

  • June 2, 2017

    NCSHA submitted a statement to the House Ways and Means Committee in response to its hearing on how tax reform will grow our economy and create jobs.

  • April 5, 2017

    On April 5, Senator Mark Warner (D-VA) introduced a bill in the Senate that would classify municipal bonds as high-quality liquid assets.

  • March 22, 2017

    Section 101 - Average income test - Under current law, Housing Credit apartments serve renters with incomes up to 60 percent of area median income (AMI) and rents are comparably restricted. This section creates a new test that would allow the 60 percent of AMI ceiling to apply to the average of all apartments within a property rather than to every individual Housing Credit apartment. The maximum income to qualify for any Housing Credit apartment would be limited to 80 percent of AMI.

  • March 20, 2017

    Key Congressional Committee Rosters for NCSHA in the 115th Congress.

  • March 9, 2017

    Increases the annual per capita Housing Credit allocation and small state minimum by 50 percent, phased in over five years. The per capita allocation was last increased and indexed to inflation in 2004, and is currently $2.35. The current small state minimum is $2.71 million. The proposal increases these amounts, subject to inflation, to $3.53 and $4.065 million, respectively, by 2022.

  • January 6, 2017
    NCSHA.png

    As part of NCSHA’s efforts to operate in an environmentally sensitive manner, we are providing this online reference guide instead of publishing a printed manual. This online reference guide includes links to reference materials useful for HFA program administration.