On June 20, NCSHA sent a letter to House Ways and Mean Committee Chairman Richard Neal regarding H.R. 3301, Taxpayer Certainty and Disaster Relief Act of 2019, which provides additional resources to help California communities rebuild affordable housing destroyed by recent wildfires through additional Low Income Housing Tax Credits (Housing Credits). In the letter, NCSHA […]
Read More… from NCSHA Letter to Chairman Neal on Taxpayer Certainty and Disaster Relief Act of 2019
On June 17, NCSHA submitted recommendations to HUD Secretary Ben Carson for how HUD can use its existing authorities to promote public and private investments in affordable housing and community development activities in Opportunity Zones (OZ) and other economically distressed areas. […]
Read More… from NCSHA Letter on HUD Opportunity Zones Incentives
The A Call to Invest in Our Neighborhoods (ACTION) Campaign submitted comments to the Senate Finance Committee regarding their Task Force on Employment and Community Development, as it considers how to address expiring tax provisions under its jurisdiction. View Letter […]
This is a letter from HUD Assistant Secretary for Congressional and Intergovernmental Affairs Len Wolfson to Representative Peter Aguilar (D-CA) pertaining to the eligibility of individuals with Deferred Action for Childhood Arrivals (DACA) status to obtain mortgages insured by the Federal Housing Administration (FHA). […]
Discuss preservation strategies for Year 15 Housing Credit deals and other at-risk properties. Explore recapitalization financing using tax-exempt bonds, resyndication, and other resources. Study the policy implications of qualified contract activity and obstacles to the right of first refusal. Understand the magnitude of the preservation challenge as a wave of Housing Credit properties approach Year […]
Read More… from Understanding the Housing Credit Preservation Challenge (HCC19)
Consider the latest reports on portfolio performance and how asset management data is impacting deal structuring and property compliance. Discuss site visit and monitoring strategies designed to enhance financial performance, mitigate risk, and strengthen compliance from lease-up through the extended use period. Explore risk-based monitoring and other approaches to target resources as the portfolio grows. […]
Read More… from Strengthening Compliance Through Asset Management (HCC19)
Explore architectural principles that promote cost-effective construction and enhance resident health. Discuss strategies for controlling Housing Credit development costs with smart design and construction material choices and incorporating affordability into energy efficiency and sustainability goals. Analyze the nexus between project design and resident health outcomes. DISCUSSION LEADER Shawn Colbert, Director of Housing Development | New […]
Read More… from Achieving Affordability and Healthy Housing Through Project Design (HCC19)
This two-part session explores strategies to enhance and expand the use of tax-exempt bonds. Learn how states can deploy multifamily bonds in nontraditional and rural markets, for new production, and to preserve the aging Housing Credit inventory. Focus on underwriting tactics for 4 percent deals, the critical role of the Credit agency even when another […]
Read More… from Multifamily Bond Financing Seminar, Part I (HCC19)
Examine compliance in Housing Credit developments electing the income averaging minimum set-aside. Understand state monitoring policies, investor considerations, and property management perspectives. Consider compliance challenges and best practices related to unit designation, income limit application, the next available unit rule, multiple subsidy developments, and noncompliance correction. DISCUSSION LEADER Timothy Veenstra, Director, Asset Management | Illinois […]
Read More… from Income Averaging Compliance Considerations (HCC19)
