This June 3, 2022, letter provides NCSHA’s recommendations to the Internal Revenue Service and Treasury Department for their 2022–23 Priority Guidance Plan. The annual Priority Guidance Plan sets the major guidance projects the IRS and Treasury intend to undertake each year. NCSHA’s recommendations focus on guidance needs related to the Housing Credit — Average Income […]
Read More… from NCSHA Recommendations for IRS/Treasury 2022-23 Priority Guidance Plan
This May 26, 2022, letter from Senators Michael Bennet (D-CO), Todd Young (R-IN), Rob Portman (R-OH), Ron Wyden (D-OR), and Mike Crapo (R-ID) and Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Donald Beyer (D-VA), and Richard Neal (D-MA) urges the Treasury Department and Internal Revenue Service to expedite release of the final rule on the […]
Read More… from Congressional Letter to Treasury and IRS on Average Income Test
NCSHA, along with 30 organizations, sent this letter to U.S. Department of Housing and Urban Development Secretary Marcia Fudge to commend HUD and the Biden–Harris Administration’s commitment to advancing HOME as a key tool for the production and preservation of affordable housing in its Housing Supply Action Plan and pledge the support of the organizations […]
Read More… from HOME Coalition Letter to HUD Secretary Supporting HOME Modernization
On May 17, NCSHA submitted these comments to the Department of Labor’s Wage and Hour Division in response to its March 18 Notice of Proposed Rulemaking updating the Davis-Bacon and Related Acts regulations. View Document […]
Read More… from NCSHA Comments to the Department of Labor on Davis-Bacon Regulations
This document addresses frequently asked questions about Coronavirus State and Local Fiscal Recovery Funds and the challenges of using these resources with the Housing Credit. It also describes the NCSHA-endorsed LIFELINE Act, proposed legislation that would align these two programs. View Document Learn more about the Coronavirus State and Local Fiscal Recovery Fund (FRF) here. […]
Read More… from Fact Sheet: Fiscal Recovery Funds and the Housing Credit
This legislation, S.4181, introduced in the Senate on May 11, 2022, by Senators Patrick Leahy (D-VT) and Susan Collins (R-ME), would allow state, local, territorial, and tribal governments to use Coronavirus State and Local Fiscal Recovery Funds to make long-term loans to Housing Credit developments. Senate LIFELINE Act […]
This Treasury Department document provides answers to frequently asked questions about the Coronavirus State and Local Fiscal Recovery Funds (FRF). Of particular interest to housing stakeholders are sections 1.8 (use of funds by nonprofits); 2.14 (investments in affordable housing); 2.24 (eviction prevention and housing stability); 4.2 (infrastructure costs in affordable housing); 4.9 (use of FRF […]
Read More… from Fiscal Recovery Funds Final Rule: Frequently Asked Questions
On May 6, 2022, Senator Chris Coons (D-DE) delivered a sign-on letter to Chair Brian Schatz (D-HI) and Ranking Member Susan Collins (R-ME) of the Senate Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies. Signed by 43 senators, the letter urges the subcommittee to increase funding for the HOME Investment […]
Read More… from Senate Dear-Colleague Letter: HOME Investment Partnerships Program FY 2023
On May 5, 2022, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking amending the agencies’ Community Reinvestment Act (CRA) regulations. The proposal includes a new framework and updated metrics for measuring large banks’ CRA compliance and an expansion of […]
