Oregon Housing and Community Services Director Andrea Bell testified on behalf of NCSHA at a Senate Finance Committee hearing on the role of tax incentives in affordable housing. Bell told the committee the Housing Credit and tax-exempt private activity Housing Bonds are the most important production tools available to state HFAs to finance affordable rental […]
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NCSHA and seven other organizations sent this July 15, 2022, letter to the Department of Housing and Urban Development regarding implementation of the Build America, Buy America Act. The letter commended HUD for its work and made several recommendations. View Document […]
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On June 17, the Campaign for Housing and Community Development Funding sent a letter to leaders of the House and Senate Appropriations committees requesting the highest level of funding possible for housing and community development programs in FY 23. The letter was signed by more than 1,700 organizations, including NCSHA. View Letter […]
This July 8, 2022, letter from NCSHA to the Internal Revenue Service and U.S. Department of the Treasury urges the agencies to extend and expand certain temporary Housing Credit relief provisions in Notice 2022-05. View Document […]
MyHomeCT | Homeowner Assistance Fund From Connecticut Housing Finance Authority Under the American Rescue Plan Act of 2021, Connecticut was awarded approximately $123 million to establish MyHomeCT, a program funded by the Homeowner Assistance Fund. The goal of MyHomeCT is to cure mortgage delinquencies and defaults and prevent foreclosures among eligible homeowners that occurred as […]
The Downpayment Toward Equity Act, H.R. 4495, would establish a grant program for states and other eligible entities to be used for down payment assistance to first-generation home buyers. This version of the legislation was reported favorably by the Financial Services Committee on June 23, 2022, after being adopted as a substitute amendment. View Document […]
This letter sent to House Financial Services Committee Chair Maxine Waters (D-CA) on June 13, 2022, expresses NCSHA’s support for the Downpayment Toward Equity Act (H.R. 4495) and thanks Waters for scheduling it for a committee vote. On June 23 the committee voted to favorably report the bill to the full House of Representatives, after […]
NCSHA partnered with the National Association of Home Builders to host a June 6, 2022, virtual briefing for congressional staff on the LIFELINE Act (LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act; S. 4181/H.R. 7078), which would allow states and local governments to loan Coronavirus State and Local Fiscal Recovery Funds to Housing Credit […]
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This June 3, 2022, letter provides The ACTION Campaign’s recommendations to the Internal Revenue Service and Treasury Department for their 2022–23 Priority Guidance Plan. The annual Priority Guidance Plansets the major guidance projects the IRS and Treasury intend to undertake each year. The ACTION Campaign’s recommendations focus on guidance needs related to the Housing Credit, […]
Read More… from ACTION Campaign Recommendations for IRS/Treasury 2022-23 Priority Guidance Plan
