• January 23, 2004

    You may have noticed that, since January 1, we have been sending you the Action Alert Monday morning instead of our usual Friday evening. Experts tell us that’s the best time for delivering email for most readers. We’ll be making some other changes to the Action Alert over the coming weeks. Please let us know what you think of our new schedule—and the other changes, as we implement them.

  • January 16, 2004

    On December 19, HUD published a notice outlining requirements for recipients of federal housing assistance to ensure meaningful access to their programs and activities by persons with limited English proficiency (LEP). The notice defines recipients to include state and local governments, public housing authorities (PHAs), assisted housing providers (e.g., owners and management agents), and other entities receiving funds directly or indirectly from HUD. Federal financial assistance includes grants, training, use of equipment, donations of surplus property, and other forms of assistance.

  • January 16, 2004

    Just two weeks after restarting programs within its FHA General Insurance and Special Risk Insurance Funds, HUD has again suspended them. The Department announced January 12 (through Mortgagee Letter 2004-02) that the Funds’ endorsement authority would run out on or before January 14, necessitating another program stoppage.

  • January 16, 2004

    NCSHA’s 2004 Legislative Conference, March 8-10, in Washington, is a must-attend!

  • January 16, 2004

    Only a few rooms remain at The Westin Galleria Dallas, headquarters for NCSHA’s 2004 Homeownership Institute, February 11-13. Call the Westin Galleria today to ensure room availability at NCSHA’s discount rate of $139. Register by January 23 to save $50 off your registration fee.

  • January 16, 2004

    On the tax front, Congress will turn quickly to tax legislation after reconvening January 20. Corporate tax, small business, and expired tax provision extender bills are among the tax bills Republican leaders will work to enact in this final session of the 108th Congress. Our job is to convince congressional party and tax committee leaders to include our Housing Bond and Credit Modernization and Fairness bills, H.R. 284 and S. 595, in one of them.

  • January 9, 2004

    R. W. Wentworth & Co., Inc. has joined NCSHA as an affiliate member. Founded in 1998 and headquartered in New York City, Wentworth provides investment and business development advisory services to a wide range of clients. Its mission is to deliver competitive financial returns and increased benefits to its clients by incorporating socially responsible economic, environmental, social, and corporate factors into strategic investment decision-making.

  • January 9, 2004

    On January 5, the IRS released a revised draft of its Guide for Completing Form 8823 Low Income Housing Credit Agencies Report of Noncompliance or Building Disposition. NCSHA emailed the draft guide to state Housing Credit allocating agency staff the same day.

  • January 9, 2004

    On January 6, IRS published final regulations conforming carryover and stacking rule regulations to statutory changes made by the Community Renewal Tax Relief Act of 2000. NCSHA emailed the regulations to state Housing Credit allocating agency staff the same day.

  • January 9, 2004

    On December 19, HUD published difficult development areas (DDA) and qualified census tracts (QCT) for Housing Credit allocations made after December 31, 2003. The designations also apply to bond-financed buildings with bonds issued and buildings placed in service after December 31, 2003. NCSHA forwarded the below-linked information on the designations to state Housing Credit allocating agency staff the same day.