Page 119 — NCSHA

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 […]

S. 3231 Task Force on the Impact of Affordable Housing Crisis Act

Senator Young’s bill, the Task Force on the Impact of Affordable Housing Crisis Act, establishes an 18-member task force charged with evaluating and quantifying the impact of affordable housing on other government programs and making recommendations to Congress on how to use affordable housing to improve the effectiveness of other federal programs and improve life […]

S. 3364 First-Time HomeBuyer Credit Act of 2018

Senate Finance Committee Ranking Member Wyden (D-OR) introduced the First-Time Homebuyer Credit Act of 2018, S. 3364, which would create a refundable first-time homebuyer tax credit equal to 2.5 percent of the home purchase price up a maximum of $10,000. The credit would phase out for homes selling for $600,000 to $700,000. The credit would […]

S. 3365 Middle-Income Housing Credit Act of 2018

Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the Middle Income Housing Tax Credit Act of 2018, S. 3365, which would create a new state-administered tax credit, modeled after the Low Income Housing Tax Credit (Housing Credit), to stimulate the development of rental housing for middle-income households earning up to 100 percent of area […]