On January 8, 2019, the Campaign for Housing and Community Development Funding (CHCDF) sent a letter to Senate Majority Leader Mitch McConnell, Senate Minority Leader Charles Schumer, Speaker of the House of Representatives Nancy Pelosi, and House Minority Leader Kevin McCarthy, urging congress to pass full year spending bills that provide strong funding for affordable […]
Read More… from CHCDF Letter Regarding the Government Shutdown
On December 28, NCSHA submitted official comments to the Internal Revenue Service (IRS) on proposed regulations implementing Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2. In our comment, NCSHA encouraged IRS to consider land or property vacant for a period of at least one year as meeting the original use requirement referenced in […]
Read More… from NCSHA Submits Comments to IRS on Proposed Opportunity Zone Regulations
On November 2, 2018, NCSHA sent a letter to the Program Manager of the Division of Housing Mission and Goals of the Federal Housing Finance Agency (FHFA) responding to the their October 3rd Request for Input (RFI) on proposed modifications to Fannie Mae’s Underserved Markets Plan (the Plan) for years 2018-2020. NCSHA thanks FHFA for […]
Read More… from NCSHA Comments to FHFA on Modified Duty-to-Serve Plans
In this December 2018 interview with Affordable Housing Finance, NCSHA Executive Director Stockton Williams discusses the Housing Credit income-averaging option and what it means for state Housing Finance Agencies and developers. Additional Income Averaging Resources Access the Video […]
Read More… from Breaking Down Income Averaging with NCSHA’s Stockton Williams
December 02 – 04, 2018 | Washington, DC Navigating the Age of Disruption: Winning Amidst the Chaos 2019 Economic and Housing Outlook Don Ball Foundation: Recovery Hope USA Bruce P. Mehlman Founder | Mehlman Castagnetti Rosen & Thomas Frank Nothaft Executive, Chief Economist | CoreLogic Dr. Ernie Fletcher Chief Executive Officer | Alton Healthcare Access […]
The link below reflects Average Income Test policies state allocating agencies have shared with NCSHA. There may be additional states that have published policies since that date of which NCSHA is unaware. In addition, it is possible that state allocating agencies may revise their policies and not send NCSHA the revisions; therefore, we do not […]
On November 30, CBRE published The Case for Workforce Housing, A Market Perspective, a report that predicts workforce housing will outperform the rest of the multifamily housing market in 2019 and will continue to be a significant opportunity for investors in multifamily housing. CBRE’s research indicates the workforce housing community, which currently encompasses almost 13.5 […]
Read More… from CBRE | A Case for Workforce Housing, a Market Perspective
On November 8, the Treasury Department and Internal Revenue Service issued their 2018-2019 Priority Guidance Plan (PGP) which lists guidance projects on which they will focus during the 12-month period from July 1, 2018, to June 30, 2019. The PGP includes several guidance projects related to the Low Income Housing Tax Credit, tax-exempt Housing Bonds, […]
IRS Revenue Procedure 2018-10, which can be found in Internal Revenue Bulletin 2018-10, modifying 2018 cost-of-living adjustments for various programs, including the Low Income Housing Tax Credit (Housing Credit) and private activity bonds (PAB). View Document […]
