Newsroom
IRS Provides Permanent Authority to Conduct Telephonic Public Hearings for Tax-Exempt Bonds and Housing Credit QAPs
On March 18, the Internal Revenue Service (IRS) issued Revenue Procedure 2022-20, providing permanent authority to conduct telephonic public hearings for tax-exempt private activity bonds. IRS...
MSHDA’s Annual Public Housing Agency Plan Receives Approval for 2022-2023 Fiscal Year
The Michigan State Housing Development Authority (MSHDA) Board has approved the annual fiscal year 2022-2023 Public Housing Agency (PHA) plan, which outlines the policies, operations and strategies for MSHDA’s Housing Choice Voucher (HCV) program. Approval for the annual PHA plan came during the Board’s March meeting. The HCV program helps approximately 28,000 homeless and extremely low-income individuals and families annually through rent subsidies in private homes or apartment buildings. Approval for the 2022-2023 fiscal year supports the five-year PHA plan adopted January 1, 2019.
California Mortgage Relief Program Releases Community Toolkit to Increase Awareness, Assist Partners and Applicants
The California Mortgage Relief Program, which launched at the end of 2021, released a new toolkit encouraging community organizations to help raise awareness about this new financial resource for homeowners who are behind on housing payments as a result of financial hardships stemming from the pandemic.
Bipartisan bill would let NC, other states use COVID relief for affordable housing
Developers building low-income housing may have easier access to federal funding if a new bill, introduced by two North Carolina members of Congress, becomes law. The LIFELINE Act would change...
Adams, Rouzer, Maloney Introduce Bill to Facilitate Use of Fiscal Recovery Funds in Housing Credit Developments
At NCSHA’s Legislative Conference this week, Representative Alma Adams (D-NC) announced she and Representative David Rouzer (R-NC) had just introduced the LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act, H.R. 7078, which would allow states and localities to use Coronavirus State and Local Fiscal Recovery Fund resources to make long-term loans to Housing Credit developments.
Kentucky Housing Corporation Honors Top Lenders
Kentucky Housing Corporation (KHC), the state housing finance agency, recognized its 2021 top lending partners today at the 17th Annual Recognition Awards held virtually via social media. Kentuckians who received a KHC home loan in 2021 worked with one of more than 90 partnering lender banks and mortgage companies in communities across the state. KHC offers loans for first-time and repeat home buyers with down payment assistance, and refinancing options for current homeowners.
NCSHA Washington Report | March 11, 2022
In passing a bill to fund the federal government’s current fiscal year five months late, Congress this week also reauthorized an essential law for the first time in almost a decade: the...
Treasury, HUD Celebrate American Rescue Plan Housing Program Achievements on Law’s First Anniversary
Today marks the one-year anniversary of the enactment of the American Rescue Plan Act, which authorized the second infusion of resources into the Emergency Rental Assistance program (initially authorized and funded under the Consolidated Appropriations Act of 2021) and established the Homeowner Assistance Fund, the Coronavirus State and Local Fiscal Recovery Fund, the HOME-ARP program for housing and services assistance to households experiencing and at risk of homelessness, and Emergency Housing Vouchers program. In celebration of the law’s anniversary, the Department of the Treasury and the Department of Housing and Urban Development released fact sheets on the impact the law has had.
Congress Close to Finalizing FY 2022 Spending Bill
This week, Congress took a crucial step toward finalizing Fiscal Year (FY) 2022 appropriations. Late last night, the House of Representatives passed an omnibus appropriations bill (H.R. 2471), consisting of all 12 FY 2022 appropriations bills, including the Transportation, Housing and Urban Development (THUD) appropriations bill and the Agriculture and Rural Development appropriations bill, which provide funding for the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) rural housing programs.
FACT SHEET: The Impact of the American Rescue Plan after One Year
One year after President Biden signed the American Rescue Plan Act into law, our country is in the midst of one of the strongest periods of economic growth in a century. Enacted during a severe...
Governor Hochul Announces Construction Underway On $39 Million Affordable and Supportive Housing Development as Part of $1.4 Billion Vital Brooklyn Initiative
Governor Hochul today announced the start of construction on a $39 million affordable and supportive housing development as part of the State's $1.4 billion Vital Brooklyn Initiative. Located in Bedford Stuyvesant, The Hart will include 57 sustainable and permanently affordable apartments with 38 supportive homes for chronically homeless seniors and families. In addition, The Hart will be home to a mental health outpatient program and a new primary care center to be operated by One Brooklyn Health.
New Hampshire Housing Announces Three Staff Promotions
Ben Feost was named Deputy Executive Director and Chief Legal Officer, having served most recently as Managing Director of New Hampshire Housing’s Policy, Planning and Communications group. Frost manages external relations, legislative initiatives, communications, research, and strategic planning, and provides legal guidance on program implementation. He frequently presents on issues concerning affordable and workforce housing, land use law, and ethics.
