Page 106 — NCSHA

IRS Publishes Resident Population Figures to Calculate 2019 Low Income Housing Tax Credit and Private Activity Bonds

On March 18, the Internal Revenue Service (IRS) released Notice 2019-19, which provides the population figures to use for calculating states’ 2019 calendar-year volume limits for the Low-Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs). IRS Revenue Procedure 2018-57 sets the 2019 Housing Credit ceiling for each state at the greater of […]

Driving the HFA and Housing Message

PR: Leading the Conversation — HFA Advocacy Institute Why do some messages and media resonate with policymakers and others do not? What are the most effective ways to drive positive coverage — and respond to negative attention? What are the most compelling affordable housing stories and the best ways to tell them? Get tips and […]

ACTION Statement for Ways and Means Hearing on Infrastructure

On March 6, the House Ways and Means Committee held a hearing on “Our Nation’s Crumbling Infrastructure and the Need for Immediate Action” to hear from experts about America’s infrastructure needs in preparation for considering infrastructure legislation later this year. The A Call To Invest In Our Neighborhoods (ACTION) Campaign, which NCSHA co-chairs submitted a statement […]

Housing Finance Reform Letter to Acting FHFA Director Otting

Below is a letter regarding housing finance reform to Acting Federal Housing Finance Agency (FHFA) Director Otting, signed by twenty-eight housing stakeholders, emphasizing the vital role that Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSEs), play in the housing finance and mortgage market. View Letter […]

IRS Publishes Final Housing Credit Utility Allowance Submetering Rule

The Internal Revenue Service (IRS) published final regulations amending the Housing Credit utility allowance rules to make permanent the previously existing submetering rules, which had been in place on a temporary basis since March of 2016. The regulations provide guidance related to situations when a building owner sells energy to tenants produced by a renewable source […]

IRS Publishes Amendments to the Low Income Housing Credit Compliance Monitoring Regulations

The Internal Revenue Service published in the Federal Register final regulations that amend the compliance monitoring regulations for the Low Income Housing Credit under section 42 of the Internal Revenue Code. These final regulations revise and clarify the requirement to conduct physical inspections and review low-income certifications and other documentation. View Document […]

HUD Office of Multifamily Housing Programs Mortgagee Letter

HUD’s Office of Multifamily Housing Programs published a Housing Notice and related Mortgagee Letter today that expand the use of the Low-Income Housing Tax Credit (LIHTC) pilot program into New Construction and Substantial Rehabilitation loan products under Sections 221(d)(4) and 220. The expanded pilot program will ensure faster and more efficient processing for low-risk, LIHTC […]

HUD Office of Multifamily Housing Programs Housing Notice

NCSHA Public Hearing Statement to IRS on Opportunity Zone Proposed Regulations

On February 14, 2019, during an Internal Revenue Service (IRS) public hearing on proposed Opportunity Zone regulations, Executive Director Stockton Williams urged IRS to implement regulations that strengthen the ability of Opportunity Zone tax incentives to expand and preserve affordable housing. In his testimony, Williams highlighted the importance of ensuring Opportunity Zone incentives can be […]