NCSHA Blogs
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.
GAO Housing Credit Development Cost Study Illustrates State Efforts to Ensure Reasonable Costs and Recommends Additional Data Collection
Today, the U.S. Government Accountability Office (GAO) published its long-awaited report on Low Income Housing Tax Credit (Housing Credit) development costs, “Low-Income Housing Tax Credit: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management.”
Utah Homebuilder Announces National Prize for Innovations in Affordable Homeownership
Ivory Homes, the largest homebuilder in Utah, Tuesday announced it is holding a national contest to reward innovators who are working to alleviate the affordable housing crisis.
FHFA Proposed Rule Would Require GSEs to Align Policies to Facilitate Single Security
The Federal Housing Finance Agency (FHFA) on September 12 released a proposed rule that would mandate the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac work to align their policies and procedures that could impact the prepayment speeds of their mortgage-backed securities (MBS) in the to-be-announced market (TBA).
House Tax Leaders Unveil Tax Reform 2.0 Legislation
Yesterday, the House Ways and Means Committee released a package of three bills, which together are the House’s follow-on to last year’s Tax Cuts and Jobs Act.
