NCSHA Blogs
Senator Wyden Introduces Middle-Income Housing Tax Credit and First-Time Homebuyer Tax Credit Bills
On August 22, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the Middle Income Housing Tax Credit Act of 2018, S. 3365, which would create a new state-administered tax credit, modeled after the Low Income Housing Tax Credit (Housing Credit), to stimulate the development of rental housing for middle-income households earning up to 100 percent of area median gross income (AMGI).
HUD Seeking Nominations for 2019 HUD Secretary’s Opportunity and Empowerment Award
The U.S. Department of Housing and Urban Development, in partnership with the American Planning Association (APA), is currently accepting nominations for its annual HUD Secretary’s Opportunity and Empowerment Award, which recognizes community planning efforts that have improved the quality of life for low- and moderate-income residents.
Senate Committee Approves Six Nominees to Be Considered by Full Senate
The Senate Committee on Banking, Housing, and Urban Affairs Thursday voted to favorably report six Trump Administration nominees to the full Senate.
SEC Establishes Additional Disclosures for Municipal Securities
The U.S. Securities and Exchange Commission (SEC) yesterday released a final rule that increases HFAs’ and other municipal bond issuers’ disclosure obligations.
NCSHA Urges HUD to Clarify Disparate Impact Rule
On August 16, NCSHA submitted comments to HUD on the agency’s 2013 Disparate Impact Final Rule, which implements the Fair Housing Act’s discriminatory effects standard.
Essent Publishes 2018 First-Time Homebuyer Study
Private mortgage insurer Essent recently published a study detailing the needs and preferences of younger first-time homebuyers.
HUD Seeks Public Comment on Affirmatively Furthering Fair Housing Regulation
Earlier today, HUD issued a press release stating its intention to reopen for public comment its 2015 final rule on Affirmatively Furthering Fair Housing (AFFH) and made available a pre-publication of an Advance Notice of Proposed Rulemaking, which HUD will soon officially publish in the Federal Register.
Senator Booker Introduces Legislation Establishing Renters’ Credit and Affordable Housing Planning Requirements
On August 1, Senator Cory Booker (D-NJ) introduced the Housing, Opportunity, Mobility, and Equity Act of 2018, S. 3342, which would establish new Consolidated Plan (Con Plan) requirements, enact a refundable tax credit for renter households, and set up an optional savings program for renters that receive the renters credit established by the bill.
Senate Passes FY 2019 HUD and USDA Funding Bills
The Senate on August 1 voted 92-6 to approve a four-bill “minibus” spending package including the Fiscal Year (FY) 2019 Transportation, Housing and Urban Development (THUD) and Agriculture (USDA) bills.
