On April 19, 2023, the Internal Revenue Service published Revenue Procedure 2023-22, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. The revenue procedure establishes the new MRB and MCC purchase price limits by taking the […]
Revenue Procedure 2023-32 (published within Internal Revenue Bulletin 2023-41) provides the Housing Credit National Pool amounts for qualified states for calendar year 2023. Twenty-eight states received unused Housing Credit carryovers from the National Pool. Revenue Procedure 2024-18 (published within Internal Revenue Bulletin 2024-15) provides supplemental 2023 National Pool allocations to the same 28 states. View […]
Read More… from IRS Revenue Procedures 2023-32 and 2024-18 (National Pool)
NCSHA submitted comments on March 28, 2023, to the U.S. Department of Agriculture on its proposed rule for the Single-Family Housing Guaranteed Loan Program. The letter expressed concerns regarding a few operational issues the proposed rule presented to state HFAs, including a provision that small servicers would not be required to send monthly statements or […]
Congresswoman Joyce Beatty (D-OH) circulated this sign-on letter to her colleagues in March 2023. Addressed to Chair Tom Cole (R-OK) and Ranking Member Mike Quigley (D-IL), the letter urges the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to increase funding for the HOME Investment Partnerships program to at least $2.5 billion for […]
Read More… from House Dear Colleague Letter: HOME Investment Partnerships Program FY 2024
Senator Chris Coons (D-DE) circulated this sign-on letter to his colleagues in the Senate in March 2023. The letter urges the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to increase funding for the HOME Investment Partnerships program to at least $2.1 billion for fiscal year 2024. View Letter […]
Read More… from Senate Dear Colleague Letter: HOME Investment Partnerships Program FY24
On March 23, 2023, NCSHA, along with 749 national, state, and local organizations, sent this letter to Chair Brian Schatz (D-HI) and Ranking Member Cindy Hyde-Smith (R-MS) of the Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) and Chair Tom Cle (R-OK) and Ranking Member Mike Quigley (D-IL) of the House Appropriations THUD […]
Read More… from HOME Coalition Sign-On Letter: FY 2024 Funding for HOME
NCSHA and 23 other organizations sent this March 23, 2023, letter to the White House expressing concern over the impacts on affordable housing development and the cost of housing of the revised implementation guidance for the Build America, Buy America Act provisions of the Infrastructure Investment and Jobs Act. View Letter […]
Read More… from Joint Letter to OMB on BABA’s Impact on Affordable Housing
On March 13, 2023, NCSHA submitted comments to the Office of Management and Budget on certain provisions of the Build America, Buy America (BABA) Act. View Document […]
This resource is NCSHA’s analysis of the Biden Administration’s Fiscal Year 2024 Budget Request. The $6.9 trillion budget outlines the Biden Administration’s fiscal priorities, including for U.S. Department of Housing and Urban Development and U.S. Department of Agriculture housing programs. View Document […]
Read More… from NCSHA Analysis of Biden Administration’s FY 2024 Budget Request
