The ACTION Campaign, led by NCSHA and Enterprise Community Partners, submitted this letter to the House Ways and Means Committee’s Republican Community Development Tax Team on the Affordable Housing Credit Improvement Act and the ways it would strengthen and expand the Housing Credit. Read the Letter […]
Read More… from ACTION Campaign Letter to House Ways and Means Community Development Tax Team
NCSHA joined other affordable housing advocacy organizations on this October 15, 2024, letter to the House Ways and Means Committee Republican Community Development Tax Team on Housing Credit preservation issues related to qualified contracts and nonprofit right of first refusal. Read the Letter […]
On October 15, 2024, NCSHA submitted this letter to the House Ways and Means Committee’s Republican Community Development Tax Team outlining NCSHA’s tax policy priorities for inclusion in legislation anticipated in the 119th Congress to address provisions of the Tax Cuts and Jobs Act of 2017 expiring at the end of 2025. Read the Letter […]
Read More… from NCSHA Comment Letter to Ways and Means Community Development Tax Team
NCSHA and several other leading affordable housing groups signed this September 17, 2024, letter to the U.S. Department of Housing and Urban Development (HUD) providing feedback on a recently posted Multifamily Housing Notice regarding the Qualified Contract (QC) loophole in the Low-Income Housing Tax Credit (Housing Credit) program. The letter supports the guidance provided in […]
On September 11, 2024, NCSHA sent a letter to Federal Housing Commissioner Julia Gordon expressing support for the proposal that requires developers applying for new allocations of Low Income Housing Tax Credit authority to waive the qualified contract option for their properties as a condition for participating in the Federal Housing Administration (FHA) Multifamily Rental […]
On August 22, 2024, NCSHA sent a letter to the U.S. Department of Housing and Urban Development (HUD) regarding the delayed FY24 award agreements for HOME Investment Partnerships (HOME) and Housing Trust Fund (HTF) programs requesting HOME and HTF funding to be exempted from the “Buy America” Provision (BAP) requirements due to the delay in […]
On August 19, 2024, NCSHA submitted the attached letter in response to the Federal Housing Finance Agency’s (FHFA) Request for Input on potential changes to the application process for the Federal Home Loan Banks’ (FHLBs) Affordable Housing Programs (AHP). The letter recommends that each FHLB consult with HFAs and other bank members when setting the […]
On August 12, 2024, NCSHA submitted the attached letter responding to the Federal Housing Finance Agency’s (FHFA) June 11 Request for Input (RFI) on the government-sponsored enterprises (GSEs) Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for years 2025-2027. The letter encourages FHFA and the GSEs to continue to explore potential partnerships with HFAs to […]
Read More… from NCSHA Comments to FHFA on GSE Duty to Serve Plans for 2025-2027
This legislation would amend the tax code to clarify that Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac are not tax-exempt controlled entities (TECEs) and, thus, are eligible for tax benefits that are not available to TECEs. This would allow Fannie Mae and Freddie Mac to invest in multi-investor Housing Credit funds without jeopardizing […]
