Page 18 — NCSHA

Protected: December 7 | Members-Only Webinar: Recent IRS Housing Credit Form Revisions

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NCSHA Letter to Treasury, HUD, DOJ, and IRS on VAWA Enforcement Guidance

On December 6, 2023, NCSHA sent this letter to the Secretaries of Treasury and HUD, the Attorney General, and the IRS Commissioner urging them to enter into a Memorandum of Understanding to facilitate the implementation of guidance on application of the Violence Against Women Act to the Housing Credit program. View Letter […]

NCSHA Comments to FHFA on Modified GSE Duty-to-Serve Plans

On December 6, 2023, NSHA submitted the attached commented letter in response to a Federal Housing Finance Agency (FHFA) request for input on changes Fannie Mae and Freddie Mac proposed to their Duty-to-Serve Underserved Market Plans. The letter conveys opposition to Freddie Mac’s proposal to reduce the Housing Credit equity purchase goal for 2023. NCSHA also […]

NCSHA Letter to HUD, Treasury on Federal Financing Bank – Federal Housing Administration Multifamily Loan Risk-Sharing Program

On December 1, 2023, NCSHA sent this letter urging the Secretaries of the U.S. Departments of Treasury and Housing and Urban Development to make the Federal Financing Bank (FFB) – Federal Housing Administration (FHA) Multifamily Loan Risk-Sharing Program permanent or to extend the program for as long as possible. View Letter […]

IRS Revenue Procedure 2023-34: 2024 Housing Credit and Housing Bond Volume Caps

The Internal Revenue Service’s Revenue Procedure 2023-34 provides the 2024 per-capita and small-state minimum levels for the Low Income Housing Tax Credit and Private Activity Bonds. In 2024, states will receive the greater of $2.90 per capita or $3,360,000 in Housing Credit authority and the greater of $125 per capita or $378,230,000 in PAB volume […]

Bipartisan House Letter to Treasury: Protect Investments in Rural Housing

Twenty bipartisan members of the House of Representatives sent this November 3, 2023, letter to the U.S. Department of Treasury requesting an issuance of guidance clarifying that Fannie Mae and Freddie Mac are not considered tax-exempt controlled entities to preserve critical investments in rural housing. This letter is endorsed by NCSHA, as well as the […]

NCSHA Recommended Practices in Housing Credit Administration

The NCSHA Report of the Task Force on Recommended Practices in Housing Credit Administration as adopted by NCSHA’s Board of Directors in December 2017. […]

Resources on McKinney-Vento Title V

The McKinney-Vento Act gives nonprofit organizations and state and local governments an effective right of first refusal to acquire at no cost surplus federal properties — including office buildings — to facilitate their redevelopment as affordable apartments. Learn more using the resources linked below. Examples of Effective Title V Projects Declined, Delayed or Denied Due […]

HOME Coalition Letter to Appropriators Seeking Funding for FY24

On October 2, 2023, the NCSHA-led HOME Coalition sent a letter to Appropriations Committee leaders in both chambers requesting robust funding for the HOME Investment Partnerships program as they wrap up appropriations legislation for Fiscal Year 2024. The letter requests no less than $1.5 billion for HOME, citing the critical need for this program due […]