The National Council of State Housing Agencies (NCSHA) appreciates the opportunity to comment on the Department of Housing and Urban Development’s (HUD) proposed rule expanding the use of small area fair market rents (SAFMR) in certain metropolitan areas to replace HUD’s existing 50th percentile fair market rent (FMR) policy. […]
Read More… from NCSHA Comments to HUD on SAFMR Proposed Rule
The U.S. Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. […]
This letter provides NCSHA’s comments on HUD’s second state assessment tool. View Comments […]
NCSHA commended HUD for adopting many of the recommendations NCSHA made in our comments on the first iteration of the state assessment tool. These changes make the tool more responsive to state level implementation needs, clarify to some extent what is expected of states, and reduce some of the burden on state agencies. […]
Read More… from NCSHA Comments to HUD on Second State Fair Housing Assessment Tool Comments
For calendar year 2017, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $2.35 multiplied by the State population, or (2) $2,710,000. […]
Read More… from IRS Rev. Proc. 2016-55 State LIHTC and PAB Caps
Streamlines and reforms several federal housing assistance programs. […]
Read More… from H.R. 3700 Housing Opportunity Through Modernization Act of 2016
The undersigned organizations, which include a broad cross-section of stakeholders in the housing affordability realm, urge Senate passage of “The Housing Opportunities through Modernization Act” (H.R. 3700), without delay and without additions to this bill that makes commonsense reforms to federal housing policy. […]
There are many conceptualizations of how to measure housing affordability and there are many affordability indexes. All measures are based on judgments of which components of housing costs should be included and judgments about when these costs should be considered excessive. This study reviews existing theory and empirical work about the affordability of owner-occupied housing. […]
