On behalf of the state Housing Finance Agencies (HFAs) we represent, the National Council of State Housing Agencies (NCSHA) thanks you for the opportunity to comment on the Federal Housing Finance Agency’s (FHFA) proposed Enterprise Duty to Serve Underserved Markets Rule (the “Duty to Serve rule”). […]
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Leaders from both sides of the aisle, including President Obama and House Speaker Ryan, recognize that persistent poverty is both destructive to families and a barrier to our nation’s economic growth. We need affirmative policy solutions to prevent people from falling through the cracks if we are to expand opportunity and improve our economic well-being. […]
The FHA-HFA Risk-Sharing Program is an important tool in financing affordable multifamily housing. We commend HUD for proposing changes to the program to improve its functionality, better align it with current industry and HUD policies and practices, and provide greater flexibility for program participants. […]
Read More… from NCSHA Comments to HUD on FHA-HFA Risk-Sharing Program Proposed Rule
The Low-Income Housing Tax Credit is an important tool that drives private sector investment in affordable housing for families and the homeless. However, as this report demonstrates, the demand for this program far outstrips the need. That is why Senator Cantwell, alongside a coalition of over 1,300 organizations, will be proposing a 50% increase in resources for this program, enough to build another 400,000 affordable homes over the next 10 years. […]
The organizations listed below urge you to increase the 302(b) allocation to the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) to the highest possible level for fiscal year (FY) 2017. The list includes 2,042 national, state, and local business, transportation, housing and community development, faith-based, disability, civil rights, and anti-violence organizations, as well as officials in municipal, tribal and state governments. […]
The Internal Revenue Service (IRS) published in the Federal Register combined final regulations amending the Housing Credit utility allowance rules to provide greater clarity for Housing Credit properties that submeter to account for actual tenant energy consumption, and temporary regulations for properties in which an owner acquires energy directly from renewable sources, rather than from […]
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Treasury and IRS issue Notice 2016-77 regarding the Low Income Housing Tax Credit (Housing Credit) statute’s required preference for projects located in a Qualified Census Tract (QCT) that are subject to a concerted community revitalization plan. Notice 2016-77 indicates that some states may have given preference to projects that are located in QCTs without regard […]
On February 10, NCSHA submitted comments to Treasury and IRS in response to Notice 2016-77 regarding whether Treasury and IRS should issue guidance clarifying the Low Income Housing Tax Credit (Housing Credit) statute’s required preference for projects located in a Qualified Census Tract (QCT) that are subject to a concerted community revitalization plan. NCSHA argued […]
Read More… from NCSHA Submits Comments to Treasury and IRS in Response to Notice 2016-77
The Administration sent Congress yesterday its Fiscal Year (FY) 2017 Budget, proposing funding for all federal programs, including HUD and the Department of Agriculture’s (USDA) rural housing programs. The Budget proposes a total of $1.1 trillion in discretionary spending for FY 2017, abiding by the discretionary caps negotiated as part of the Bipartisan Budget Act of 2015. […]
Read More… from NCSHA’s Analysis of the Administration’s FY 2017 Budget Proposal
