This “Dear Colleague” letter, circulated by Representatives Alma Adams (D-NC) and David Rouzer (R-NC), encourages members of the House of Representatives to cosponsor the bipartisan LIHTC Financing Enabling Long-Term Investment in Neighborhood Excellence (LIFELINE) Act, H.R. 7078, which Adams and Rouzer introduced on March 15. NCSHA has endorsed the legislation. View Document […]
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Illinois Emergency Homeowner Assistance Fund From Illinois Housing Development Authority The Illinois Homeowner Assistance Fund Program (ILHAF) provides direct financial assistance to prevent mortgage delinquencies, defaults, displacements, and foreclosures for income-eligible homeowners experiencing pandemic-related hardships in Illinois. The state is now accepting applications from homeowners for grants of up to $30,000 to eliminate or reduce […]
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This April 5, 2022, letter, signed by 30 national organizations including NCSHA, raises concerns about the potential impact of the OECD Pillar II Model Rules implementing a global minimum tax on community development financing tools, including the Housing Credit and tax-exempt bonds. View Document […]
On March 30, 2022, the Internal Revenue Service published Revenue Procedure 2022-21, 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 […]
These documents provide information on reallocation of Emergency Rental Assistance funds authorized under the American Rescue Plan Act (ERA 2). View Guidance View Summary […]
On March 30, the U.S. Department of the Treasury released draft guidance outlining the annual and quarterly reporting requirements for the Homeowner Assistance Fund (HAF). Treasury will be accepting public comments on the draft guidance until April 14, 2022. View Document Find the Homeowner Assistance Fund Program in Your Area […]
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On March 28, 2022, the Biden Administration submitted to Congress the President’s Budget for Fiscal Year 2023. The budget request totals $5.8 trillion and outlines the Biden Administration’s fiscal priorities, including for HUD and USDA housing programs. View Document […]
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This resource is NCSHA’s analysis of the Biden Administration’s Fiscal Year 2023 Budget Request. The $5.8 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 […]
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A bipartisan group of 12 Senators led by Joe Manchin (D-WV) and Shelley Moore Capito (R-WV) sent this March 23 letter to the Treasury Department requesting that every state and locality that has a plan to expend their ERA 2 funding by the statutory deadline in 2025 should have access to the full funding levels […]
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