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Congressional Sign-On Letter: Performance-Based Contract Administration

United States Congress

This February 29, 2024, letter, signed by 22 members of Congress, expresses support for Section 251 of the Senate-passed Transportation, Housing, and Urban Development Appropriations Act of 2024. By directing the U.S. Department of Housing and Urban Development to use cooperative agreements when selecting new Performance-Based Contract administrators, this provision would support Project-Based Rental Assistance […]

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Coalition Letter to Biden Administration to Extend Indefinitely Federal Financing Bank Funding for FHA Multifamily Risk-Sharing Mortgages

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NCSHA and several other leading affordable housing groups signed this February 16, 2024, letter urging the Biden Administration to extend indefinitely the Federal Financing Bank (FFB) funding for FHA multifamily risk-sharing mortgages (FFB Risk-Sharing program). The FFB Risk-Sharing program provides affordable mortgage capital to housing finance agencies to help them finance the production and preservation […]

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Key Congressional Committee Rosters

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Below are the NCSHA’s key congressional committee rosters for the current Congress. For specific committee websites, see links below. Highlighted Committees and Subcommittees: House Financial Services Committee House Financial Services Subcommittee on Financial Institutions House Financial Services Subcommittee on Capital Markets House Financial Services Subcommittee on Housing and Insurance Senate Banking, Housing, and Urban Affairs […]

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NCSHA Comments on HUD’s Proposed Methodology Changes for Calculating Income Limits

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On February 12, 2024, NCSHA submitted comments to the U.S. Department of Housing and Urban Development on proposed changes to the methodology used for calculating income limits that apply to Section 8, Housing Credit, and other affordable housing programs. In our comments, NCSHA supported the proposed changes overall but encouraged HUD to explore the impact […]

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HFAs’ Letter to Appropriators on Project-Based Rental Assistance Contract Administration

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In this letter, 37 state Housing Finance Agencies (HFAs) asked House and Senate Appropriations Committee leaders to preserve in any final FY 2024 HUD appropriations legislation the project-based rental assistance contract administration (PBCA) language contained in the Senate-passed FY 24 HUD appropriations bill. This general provision would allow HUD to continue its longstanding partnership with […]

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IRS Revenue Ruling 2024-05: Qualified Disaster Zones in 2021 and 2022 and State Housing Credit Ceilings

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IRS Revenue Ruling 2024-05 holds that if one or more of a State’s allocations, under section 305 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, to qualified disaster zones in 2021 or 2022 are returned after 2022, then the returned housing credit dollar amounts are part of the overall Returned Credit Component […]

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