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 […]
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 […]
Read More… from IRS Revenue Procedure 2023-34: 2024 Housing Credit and Housing Bond Volume Caps
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 […]
Read More… from Bipartisan House Letter to Treasury: Protect Investments in Rural Housing
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. […]
Read More… from NCSHA Recommended Practices in Housing Credit Administration
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 […]
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 […]
Read More… from HOME Coalition Letter to Appropriators Seeking Funding for FY24
State HFAs have long recognized that helping homeowners, renters, and landlords save on energy supports their mission of housing affordability. The agencies administer federal weatherization funding for home energy upgrades in 16 states, drive higher energy performance in multifamily properties they finance in 21 states, and offer specialized funding for energy improvements to homes and […]
Read More… from Reports: State Housing Finance Agency Roles in Reducing Household Energy Costs
This September 25, 2023, letter, sent by NCSHA and other Housing Credit advocacy organizations to Secretary Vilsack, urges the Department of Agriculture to take actions to mitigate qualified contract early terminations of Housing Credit units that benefit from Section 538 multifamily housing loan guarantees. View Letter […]
This September 25, 2023, letter, sent by NCSHA and other Housing Credit advocacy organizations to Secretary Marcia L. Fudge, urges the U.S. Department of Housing and Urban Development (HUD) to take actions to mitigate qualified contract early terminations of Housing Credit units that benefit from HUD financing and Federal Housing Administration insurance. Read Letter […]
Read More… from NCSHA Letter to HUD on Early Termination of Qualified Contracts
