The Internal Revenue Service (IRS) issued regulations amending the Low Income Housing Tax Credit (Housing Credit) compliance monitoring requirements to revise and clarify physical inspection and certification review rules. In conjunction with the new regulations, IRS published Revenue Procedure 2016-15, which further explains the implementation of the new regulations. View Document […]
On February 23, the Internal Revenue Service (IRS) issued regulations amending the Low Income Housing Tax Credit (Housing Credit) compliance monitoring requirements to revise and clarify physical inspection and certification review rules. In conjunction with the new regulations, IRS published Revenue Procedure 2016-15, which further explains the implementation of the new regulations. The compliance monitoring […]
The 2016 NCSHA Congressional Handout is available for download here. This effective tool may be used when speaking to members of Congress, state officials, and business partners alike. Filled with recent statistics and compelling graphics, this informational brochure may be used to share with your constituents the important work that HFAs do and why they do it. […]
In December, the Federal Housing Finance Agency (FHFA) released its proposed “Duty to Serve” rule for Fannie Mae and Freddie Mac. This rule requires Fannie Mae and Freddie Mac to support housing opportunities for lower income families in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and homeownership opportunities in rural areas. […]
Read More… from NCSHA’s Key Questions for HFAs in FHFA’s Proposed Duty to Serve Rule
NCSHA’s 2016 Priorities Briefing PowerPoint […]
Proposes funding for all federal programs, including HUD and USDA rural housing programs, for FY 2017.
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The undersigned organizations, which include a broad cross-section of stakeholders in the housing affordability realm, urge House passage of “The Housing Opportunities through Modernization Act” (H.R. 3700), without addition of divisive measures that would undermine the broad consensus behind these commonsense reforms. Our nation faces tremendous housing needs. […]
The National Council of State Housing Agencies (NCSHA) is a national nonprofit, nonpartisan organization created by the nation’s state Housing Finance Agencies (HFAs) to advance through advocacy and education their efforts to provide affordable housing to those who need it. […]
Read More… from NCSHA’s 2016 Business, Legislative, and Regulatory Priorities
HUD published a Notice in the Federal Register designating Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for 2018 or purposes of the basis boost allowed under Low Income Housing Tax Credit (Housing Credit) program. DDAs are areas with high construction, land, and utility costs relative to area median income, and QCTs are areas […]
Read More… from HUD Federal Register Notice on DDAs and QCTs
