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
This first-of-its-kind report analyzes the program’s economic impact in all 50 states and features over 100 HOME Success Stories from communities across the nation. […]
The National Foreclosure Mitigation Counseling (NFMC) Program was launched in December 2007 with funds appropriated by Congress to address the nationwide foreclosure crisis by dramatically increasing the availability of housing counseling for families at risk of foreclosure. In just over seven and a half years, the NFMC Program has served more than 1.9 million homeowners at risk of foreclosure and helped build the nation’s foreclosure counseling capacity. […]
At last measure in 2013, over one in four renters, or 11.2 million renter households, were severely burdened by rents that took up over half their incomes. Building off these projections, this white paper projects how many households would be severely rent burdened by 2025 given demographic trends and under differing assumptions about real changes in income and rent levels. […]
This Audit Technique Guide provides guidance to IRS auditors involved in oversight of the Low Income Housing Tax Credit program participants. The document is not an official pronouncement of the law or the position of the Service and cannot be used, cited, or relied upon as such. The guide is current through the revision date. […]
Read More… from IRC §42, Low-Income Housing Credit Audit Technique Guide
This study, utilizing a comprehensive analysis of data from 1976-2014, a period encompassing several market and housing cycles, provides a projection of much stronger housing demand over the next decade. […]
As the Washington representative of the agencies that administer the Housing Credit and Bond programs, including the Mortgage Credit Certificate program, in all 50 states, the District of Columbia, New York City, Puerto Rico, and the U.S. Virgin Islands, the National Council of State Housing Agencies (NCSHA) appreciates the Treasury Department’s and IRS’ expert oversight of these programs, your continued cooperative attitude toward NCSHA and state housing agencies, and your timely provision of program guidance. […]
Read More… from NCSHA Comments to IRS on 2015-2016 Priority Guidance Plan
The long-awaited activation of the National Housing Trust Fund (NHTF) program, which will primarily be targeted to rental housing for extremely low-income (ELI) households, represents an important new opportunity for states to begin shaping the future of our nation’s ELI housing policies, including a robust expansion of integrated permanent supportive housing (PSH) units for the most vulnerable ELI populations. […]
On April 15, more than 120 members of the U.S. House of Representatives signed onto a letter last week urging House Speaker John Boehner (R-OH) and Minority Leader Nancy Pelosi (D-CA) to reject proposals that would eliminate or diminish the tax-exempt status of municipal bonds. […]
