The letter below, from Representative Marcia Fudge, requests support from the House Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to restore the HOME Investment Partnerships Program (HOME) with at least $1.5 billion for fiscal year (FY) 2020. View Letter […]
Read More… from Dear Colleague Letter for HOME FY 2020 Budget
The HOME Dear Colleague Letter from Senators Christopher Coons (D-DE) and Dianne Feinstein (D-CA) expresses support for the HOME Investment Partnerships program in which its funding is eliminated in President Trump’s Fiscal Year (FY) 2020 budget proposal. The letter is addressed to the leadership of the Committee on Appropriations Subcommittee on Transportation, Housing and Urban […]
Read More… from Senate HOME Dear Colleague Letter for FY 2020 Budget
On March 15, Senators Dianne Feinstein (D-CA), John Cornyn (R-TX), Catherine Cortez Masto (D-NV), Jacky Rosen (D-NV), Kamala Harris (D-CA), and Mazie Hirono (D-HI) sent a letter to Internal Revenue Service (IRS) Commissioner Charles Retting pressing IRS to issue guidance clarifying that multifamily bond-financed affordable rental housing developments do not violate the general public use requirements […]
Below is NCSHA’s preliminary analysis of President Trump’s Fiscal Year (FY) 2020 budget proposal titled, “A Budget for a Better America; Promises Kept. Taxpayers First.” The Administration released the budget request earlier this week in two parts: the budget overview last week and then this week the budget appendix and related documents detailing program level […]
Read More… from NCSHA’s Preliminary Analysis of the Administration’s FY 2020 Budget Request
In its March 12 report, “Improving America’s Housing 2019,” Harvard University’s Joint Center for Housing Studies (JCHS) found that, with new construction recovering slowly from historic lows, almost 80 percent of the nation’s 137 million homes are now at least 20 years old and 40 percent are at least 50 years old. The aging housing […]
The National Low Income Housing Coalition (NLIHC) reports a shortage of seven million available and affordable rental homes for America’s extremely low-income (ELI) renters in its annual report, “The Gap: A Shortage of Affordable Homes 2019,” released on March 14. This shortage leaves only 37 available and affordable homes for every 100 ELI renter households. NLIHC […]
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 […]
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 […]
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 […]
Read More… from ACTION Statement for Ways and Means Hearing on Infrastructure
