Fifty-three Representatives (46 Democrats and seven Republicans) signed a letter led by Representative James Langevin (D-RI) urging the U.S. Department of Housing and Urban Development to “withdraw the draft solicitation in favor of developing a proposal with key partners that recognizes the value of state-based program administration, improves efficiency, and achieves the best outcomes for […]
NCSHA, along with other major national organizations representing Emergency Rental Assistance (ERA) grantees — the American Public Human Services Association, Council of State Community Development Agencies, National American Indian Housing Council, National Association of Counties, National Community Development Association, and National League of Cities — sent this October 11, 2022, letter to the Treasury Department […]
This notice extends and expands temporary relief originally provided under Notice 2020-23, Notice 2020-53, Notice 2021-12, and Notice 2022-05 from certain requirements under Section 42 of the Internal Revenue Code for Housing Credit properties in response to the ongoing COVID-19 pandemic. View Document […]
This final rule sets forth guidance on the Housing Credit Average Income Test (AIT) minimum set-aside and also includes temporary regulations related to reporting on AIT compliance. View Document […]
Read More… from Average Income Test Final and Temporary Regulations
On October 7, IRS issued Notice 2022-52 providing temporary relief to state Housing Credit allocating agencies, owners, and residents of Housing Credit properties in response to the COVID-19 pandemic. Notice 2022-52 is the fifth notice to extend Housing Credit deadlines and provide waivers of certain program rules since the onset of the COVID-19 pandemic. This […]
Read More… from IRS Regulatory Relief Available During COVID-19 Pandemic
Idaho Homeowner Assistance Fund Program From Idaho Housing and Finance Association Idaho homeowners, if you’ve fallen behind on your house payments, you’re not alone. Help is here for Idaho homeowners who’ve experienced financial hardship because of the COVID-19 pandemic. Get started here. Learn More The information above is based solely on information available at the […]
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NCSHA recently joined the Government Finance Officers Association, National Association of Counties, U.S. Conference of Mayors, the National League of Cities, and other municipal finance groups as signatories on a letter to congressional leaders expressing concerns about S. 4295, the Financial Data Transparency Act, and its possible inclusion as an amendment to the FY23 National […]
Read More… from NCSHA Joins Coalition Letter Expressing Concerns About Disclosure Legislation
On September 28, 2022, NCSHA sent the U.S. Department of Housing and Urban Development this letter urging it to withdraw or substantially revise its draft solicitation to procure contractors to provide Housing Assistance Payments contract support services (HAPSS) to HUD to help it administer approximately 17,000 project-based rental assistance contracts. View Document […]
Read More… from NCSHA Comments on HUD HAPSS Draft Solicitation
On September 28, 2022, the Internal Revenue Service updated its Frequently Asked Questions (FAQs) pertaining to the tax treatment of various benefits funded through Coronavirus State and Local Fiscal Recovery Funds (SLFRF). The new FAQs clarify that down payment assistance for home buyers funded through SLFRF is not considered federal taxable income, meaning homeowners will […]
