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Treasury and IRS Plan Guidance on Income Averaging, Other Housing Credit- and Bond-Related Issues

On November 8, the Treasury Department (Treasury) and Internal Revenue Service (IRS) issued their 2018–2019 Priority Guidance Plan (PGP) which lists guidance projects on which Treasury and IRS will focus during the 12-month period from July 1, 2018, to June 30, 2019.

NCSHA Releases Expanded Opportunity Zone Fund Directory

NCSHA released a significantly expanded second edition of its Opportunity Zone Fund Directorytoday, including details on 34 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment.

FHFA Announces 2019 Multifamily Lending Caps for Fannie Mae and Freddie Mac

On November 6, the Federal Housing Finance Agency (FHFA) released its 2019 multifamily lending caps for the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac.

Freddie Mac Releases Three More White Papers in Duty-to-Serve Series

Freddie Mac has published three additional white pages in its “Duty-to-Serve” series, designed to examine efforts to encourage housing affordability and increase rental and homeownership opportunities in underserved markets.

FHFA Finds GSEs Met Most Affordable Housing Goals in 2017

According to the Federal Housing Finance Agency (FHFA) Annual Housing Report for 2018, released today, Fannie Mae met all its affordable housing goals in 2017, while Freddie Mac met its multifamily goals but had a mixed record on its single-family goals.

Freddie Mac Releases White Papers on Housing Credit Use in Appalachia and Indian Areas

Freddie Mac has published two white papers, “LIHTC in Middle Appalachia” and “LIHTC in Indian Areas,” highlighting how the Housing Credit is being used to bring affordable rental housing to underserved markets.

NCSHA Compiles Directory of Qualified Funds for Opportunity Zone Investment

In response to state Housing Finance Agency (HFA) interest in Opportunity Zones — a new community development tool authorized in the Tax Cuts and Jobs Act of 2017 that encourages investment in designated high-poverty neighborhoods — NCSHA has compiled a directory of newly-created Opportunity Zone investment funds.

Treasury Department Releases Initial Guidance on Opportunity Zones

The Treasury Department released proposed regulations today providing guidance on the Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.

NCSHA Comment to HUD Supports Data-Based Fair Housing Planning

This week, NCSHA submitted comments to HUD in response to the Department’s Advance Notice of Proposed Rulemaking (ANPR) on streamlining and enhancing its Affirmatively Furthering Fair Housing...

Senator Heller Introduces Renters Tax Credit for Seniors

On October 11, Senate Finance Committee member Dean Heller (R-NV) introduced the Seniors Affordable Housing Tax Credit Act, S. 3580, which would establish a tax credit for owners of multifamily rental property who agree to rent to extremely low-income seniors.