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 […]
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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 […]
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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 […]
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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 […]
On September 22, 2022, the U.S. Department of Housing and Urban Development released a preview version of a Request for Information requesting comments on its new Green and Resilient Retrofit Program (GRRP). HUD is establishing the GRRP pursuant to a section of the Inflation Reduction Act providing $1 billion to HUD for energy and water […]
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NCSHA commissioned UpLook Advisors to perform a high-level assessment of the 2021 Bipartisan Infrastructure Law’s implications for housing. The analysis highlights a number of new and existing programs addressing transportation and transit, energy efficiency and resilience, water systems, and broadband. Many of the programs will be administered at the state and local levels, with opportunities […]
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This regulation finalizes without change an interim rule, published in 2016, that modified the method by which the Department of Housing and Urban Development determines participating jurisdictions’ (PJs) compliance with the statutory 24-month commitment requirement for HOME Investment Partnerships program funds. Specifically, it uses a grant-specific method for determining compliance with the requirement and revised […]
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