Newsroom
Iowa Finance Authority Awards More than $3.6 Million to Assist Homelessness Assistance Initiatives
The Iowa Finance Authority Board of Directors today approved more than $3.6 million in homeless assistance grants to assist 49 agencies with homelessness assistance initiatives during the 2018 calendar year.
House Passes Legislation to Classify Muni Bonds as High-Quality Liquid Assets
The U.S. House of Representatives yesterday passed via voice vote legislation (H.R. 1624) that would allow large banks to count some of their municipal bond investments as high-quality liquid assets (HQLAs) under federal bank liquidity standards. The legislation, which NCSHA supports, was introduced by Representatives Luke Messer (R-IN) and Carolyn Maloney (D-NY).
Financial Services Committee Questions Watt on GSE Activities
Members of the House Financial Services Committee questioned Federal Housing Finance Agency (FHFA) Director Mel Watt on a variety issues related to oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac during a hearing held yesterday. Committee members also asked for Watt’s thoughts on how a future housing finance system should be structured.
Downtown Development District Grant Applications Open in Delaware
The Delaware State Housing Authority is accepting applications through December 15 for large project grants through the Downtown Development District Program.
Property Redevelopment Assistance Available In Targeted Areas in North Dakota
Bismarck, ND - North Dakota Housing Finance Agency is accepting applications for $460,000 through the Neighborhood Stabilization Program 3. The federal program supports the acquisition of foreclosed, abandoned or vacant properties in targeted areas for redevelopment into affordable rental housing.
IRS Proposes Changes to PAB Public Notice Requirements; Special Standards for MRBs
The Internal Revenue Service (IRS) earlier today published in the Federal Register a proposed rule that would simplify the public approval requirements that apply to tax-exempt Housing Bonds and other private activity bonds (PABs). The proposal also includes an NCSHA-supported special exemption from certain public approval requirements for single-family mortgage revenue bonds (MRBs).
FHFA Proposed Strategic Plan for 2018-2022 Would Direct GSEs to Work with HFAs
The Federal Housing Finance Agency (FHFA) earlier today released its proposed Strategic Plan for Fiscal Years 2018-2022. The plan outlines FHFA's goals and priorities for overseeing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs).
Joint Administration-Congress Tax Reform Framework Preserves Housing Credit
This morning the Administration and Republican leaders in both the House and Senate together released their Unified Framework for Fixing Our Broken Tax Code, a broad tax reform outline intended to serve as a template for the tax-writing committees to develop tax reform legislation. We are excited to report that the Administration and congressional leaders propose to retain the Low Income Housing Tax Credit, saying that "the framework explicitly preserves business credits in two areas where tax incentives have proven to be effective in promoting policy goals important in the American economy: research and development (R&D) and low-income housing."
Lt. Gov. Rutherford and Dept. of Housing and Community Development Host C.O.R.E. Community in East Baltimore
Lt. Governor Boyd K. Rutherford today with the Maryland Department of Housing and Community Development hosted a community forum at Morgan State University in East Baltimore focusing on Project C.O.R.E. -- Creating Opportunities for Renewal and Enterprise -- a multi-year, city-state partnership to demolish vacant and derelict buildings in Baltimore and replace them with green space or the foundation for redevelopment.
NCSHA Applauds Preservation of Housing Credit in Unified Tax Reform Framework
Responding to the “Unified Framework for Fixing Our Broken Tax Code” released today, the National Council of State Housing Agencies (NCSHA) commends the Trump Administration and Republican congressional leaders for retaining the Low Income Housing Tax Credit.
Jacob Sipe of IHCDA Presented with the William A. Crawford Public Service Award
The Indiana Housing and Community Development Authority’s (IHCDA) Executive Director Jacob Sipe was presented earlier this week with the William A. Crawford Public Service Award by the Coalition for Homelessness Intervention and Prevention (CHIP).
Crowdfunding campaign launched for the Linden Project in Columbus, IN
Local and visiting families to Columbus, Indiana will soon be able to enjoy an innovative new place thanks to a new crowdfunding campaign.
