NCSHA Blogs
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.
17 HFAs Awarded HUD Housing Counseling Grants for FY 2018
HUD announced today the recipients of $47 million in Housing Counseling program grants for fiscal year (FY) 2018.
FHFA Seeks Input on Modifications to Fannie Duty-to-Serve Plan, Including Increased Housing Credit Investments
The Federal Housing Finance Agency (FHFA) today released a Request for Input (RFI) seeking public input on several changes Fannie Mae has proposed to its Underserved Markets Plan for years 2018-2020.
Senator Warren Introduces Expansive Affordable Housing Bill; Would Authorize New Money for Housing Trust Fund, New HFA Grant Program
Senate Banking Committee member Elizabeth Warren (D-MA) introduced today legislation, the American Housing and Economic Mobility Act, to authorize $500 billion for affordable housing programs over the next 10 years.
Housing Bond Issuance Increased Again in 2017, CDFA Survey Says
Private activity bond (PAB) issuance increased at least nine percent from 2016 to 2017, according to the Council of Development Finance Agencies’ (CDFA) latest Annual Volume Cap Report for 2018.
Tim Ryan Bill Would Provide Federal Assistance for Blight Removal
Representative Tim Ryan (D-OH) recently introduced legislation, the Clean Up Our Neighborhoods Act (H.R. 6792), that would provide federal funding to support blight elimination and neighborhood redevelopment activities in low-income communities. Rep. David McKinley (R-WV) is an original co-sponsor.
