Page 118 — NCSHA

NCSHA Comments on HQLA Muni Bonds Interim Final Rule

NCSHA sent comments to the Legislative and Regulatory Activities Division of the Office of the Comptroller of the Currency regarding the Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets. NCSHA thanks the Regulators for expeditiously carrying out Congress’ direction to classify all municipal bonds that are “liquid and readily marketable,” […]

September 2018 GAO Report on Housing Credit Development Costs

The Government Accountability Office (GAO) was asked to review the cost-efficiency and effectiveness of the Low Income Housing Tax Credit (Housing Credit) program. Released in September 2018, this report examines (1) development costs for selected Housing Credit projects and factors affecting costs, (2) allocating agencies’ oversight of costs, and (3) factors limiting assessment of costs. […]

Council of Development Finance Agencies | 2017 Annual Volume Cap Report

Private activity bond (PAB) issuance increased at least nine percent from 2016 to 2017, according to the Council of Development Finance Agencies’ (CDFA) latest Annual Volume Cap Report for 2018. The report, released earlier today, presents data on how states allocate and utilize their private activity bond (PAB) cap each year. For the first time, each state […]

NCSHA Comments on GAO Report on Housing Credit Development Costs

NCSHA issued the following letter in response to the U.S. Government Accountability Office’s draft report on Housing Credit development costs, “Low Income Housing Tax Credit: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management.” The letter is published in Appendix VIII of the final version of GAO’s report, published September 18, 2018. […]

Development Costs and Cost Drivers in the Housing Credit Program

The Low Income Housing Tax Credit (Housing Credit) is the most important public policy that directly supports the development of desperately needed rental apartments lower-income households can afford. New research by Abt Associates, along with additional analysis by NCSHA, shows that Housing Credit-financed apartments on average cost roughly the same to develop as the typical […]

Housing Mobility Demonstration National Organization Letter of Support

This letter was sent to the Chairs, Vice Chair, and Ranking Member of the Senate Appropriations Committee and the Senate Subcommittee on Transportation, Housing, Development, and Related Agencies expressing support for funding of the Housing Choice Voucher Mobility Demonstration, signed by 30 organizations. View Letter […]

NCSHA Statement to House Financial Services Committee on GSE Reform Hearing

NCSHA’s statement to the House Financial Services Committee for the Committee’s hearing “A Failure to Act: How a Decade Without GSE Reform Has Once Again Put Taxpayers at Risk” held on September 6, 2018 View Document […]

GSE Reform Coalition Letter

This is an open letter addressed to the Administration and Congress titled, “A Defining Moment for Housing Finance: The Need to Preserve Access and Affordability,” signed by twenty nine agencies of the GSE Reform Coalition. View Letter […]

NCSHA Issues Statement for House Hearing on Multifamily Housing Regulatory Costs

NCSHA issued the following statement as the House Subcommittee on Housing and Insurance began a hearing on “The Cost of Regulation on Affordable Multifamily Development” on September 5, 2018. The hearing focused on the various federal, state, and local regulations and policies that affect affordable multifamily housing development. It will identify regulatory barriers that inhibit or prevent […]