On February 7, 2024, NCSHA led 120 national and statewide affordable housing and community development organizations in a letter sent to Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell expressing strong support for the affordable housing supply investment included in the bipartisan, bicameral Tax Relief for American Families and Workers Act. View […]
Read More… from Sign-On Letter Supporting Tax Bill Housing Provisions Sent to Senate Leaders
State Participating Jurisdictions administering the HOME Investment Partnerships Program. View Document […]
Read More… from NCSHA List of HOME State Participating Jurisdictions
This Audit Technique Guide provides guidance to Housing Credit Allocating Agencies on reporting noncompliance or building disposition using IRS Form 8823. 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. […]
On January 18, 2024, NCSHA and 91 leading national and statewide affordable housing and community development organizations sent a letter to Senator Ron Wyden, Chairman of the Senate Finance Committee, and Representative Jason Smith, Chairman of the House Ways and Means Committee, expressing strong support for the investment in affordable housing supply in the bipartisan, […]
Read More… from NCSHA Leads Letter to Congress Supporting Housing Provisions in Tax Bill
On January 16, 2024, NCSHA commented on a July 27, 2023, Notice of Proposed Rulemaking (NPR) issued by federal banking regulatory agencies — the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — modifying the bank capital standards for large banks. In the letter, NCSHA opposed provisions in […]
The Tax Relief for American Families and Workers Act of 2024 proposed by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chair Jason Smith (R-MO) would restore the 12.5% increase in Housing Credit authority for calendar years 2023, 2024, and 2025 and lower the bond financing test to 30 percent […]
Read More… from Tax Relief for American Families and Workers Act of 2024: Fact Sheet and Summary
NCSHA and 18 other organizations sent this January 16, 2024, letter to Chairman Martin Gruenberg of the Federal Deposit Insurance Corporation, Vice Chair Michael Barr of the Board of Governors of the Federal Reserve System, and Acting Comptroller Michael Hsu of the Office of the Comptroller of the Currency addressing the Housing Credit and the […]
Read More… from NCSHA Joins Letter on the Regulatory Bank Capital Rule
On January 10, 2024, the U.S. Department of Housing and Urban Development (HUD) published this notice in the Federal Register setting an annual cap of 10 percent on income limit increases for housing financed by Housing Credits, private activity bonds, and various HUD programs, including Section 8. The previous cap was five percent or twice […]
On January 5, 2024, NCSHA submitted comments on a draft Mortgage Letter submitted by HUD proposing updates to the Federal Housing Administration’s (FHA) 203(k) Rehabilitation Program. In the letter, NCSHA thanks HUD for working to improve the 203(k) program and expresses support for the proposal to increase the maximum program loan amount. View Letter […]
Read More… from NCSHA Comments on Proposed Changes to FHA 203(k) Rehabilitation Mortgage Program
