NCSHA Blogs
House Republicans Revise End-of-Year Tax Bill
House Republicans released a revised year-end tax package, after a previous effort introduced late last month failed to garner enough support for House passage.
NCSHA Opportunity Zone Fund Directory Expands to 54 Funds, $15 Billion in Investment
NCSHA released a significantly expanded edition of its Opportunity Zone Fund Directory today, including details on 54 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment in designated high-poverty neighborhoods.
House End of Year Tax Bill Includes Housing Credit Veterans Fix
House Republicans released tax legislation addressing retirement savings, extenders of expiring tax provisions, disaster relief, and technical tax corrections. The bill is the first step in what are likely to be negotiations over an end-of-the-year tax package. The bill includes a provision NCSHA has sought to clarify that preferences and/or restrictions for veterans in Housing Credit properties, including bond-financed properties, are not a violation of the Credit or Bond programs’ general public use rules.
Federal Banking Regulators Propose to Raise Appraisal Requirement Threshold
On November 20, the federal banking regulators — the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) — released a proposed rule that would increase the appraisal exemption for single-family mortgage loans for all federally regulated banks. The agencies will accept public comments until 60 days after the notice is published in the Federal Registrar, which is expected shortly.
FHFA Finalizes Amendments to FHLB Affordable Housing Program
The Federal Housing Finance Agency (FHFA) November 20 released a final rule amending the Federal Home Loan Banks’ (FHLB) Affordable Housing Program (AHP). The rule gives the FHLBs more flexibility in administering and targeting their AHP programs to meet specific housing needs.
NCSHA Urges OCC to Ensure CRA Continues to Support Housing Credit and Bond Investments
Any changes made to the Community Reinvestment Act regulations should encourage banks to continue investing in Housing Credits and Housing Bonds, NCSHA argues in a comment letter submitted yesterday to the Office of the Comptroller of the Currency.
FHA Report Says Greater Clarity Needed on Down Payment Assistance Programs
The economic value of the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMIF) improved in fiscal year (FY) 2018, according to FHA’s 2018 Report to Congress.
IRS Publishes 2019 State Housing Credit and Private Activity Bond Cap Amounts
IRS issued Revenue Procedure 2018-57, providing 2019 per capita and small state minimum volume cap amounts for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PAB).
FHA Report Finds Health of Mortgage Insurance Fund Improving
The economic value of the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMIF) improved in fiscal year (FY) 2018, according to FHA’s 2018 Report to Congress.
JCHS Report Highlights Housing Needs of America’s Older Adult Population
On November 14, Harvard University’s Joint Center for Housing Studies (JCHS) published “Housing America’s Older Adults” exploring the housing trends of older adults and identifying challenges that face this growing population.
