This legislation, introduced by Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH), and its identical House companion legislation, introduced by Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad Wenstrup (R-OH), would expand and strengthen the Low Income Housing Tax Credit program, including by raising the […]
Read More… from The Affordable Housing Credit Improvement Act of 2021 (S. 1136/H.R. 2573)
On behalf of NCSHA, Novogradac conducted research on the results of lowering the 50 percent financed-by threshold for 4 percent Housing Credit properties, analyzing the outcomes related to bond cap and multifamily production levels if the financed-by threshold were to be lowered to 40 percent, 33 percent, or 25 percent. This report updates a previous […]
This Notice invites public comments on items the U.S. Department of the Treasury and Internal Revenue Service should consider including in their 2021-2022 Priority Guidance Plan, which identifies guidance projects on which Treasury and IRS intend to actively work during the period from July 1, 2021, to June 30, 2022. Comments are due by May […]
On April 14, the Treasury Department released program guidance and the formula for dispersing funds to states and territories for the Homeowner Assistance Fund. The documents are available below. […]
Read More… from Homeowner Assistance Fund Program Guidance and Allocation Formula
This document provides the amount of federal Housing Trust Fund dollars each state receives in FY 2021. […]
This document from the U.S. Department of Housing and Urban Development provides questions and answers for stakeholders of the Office of Multifamily Housing related to the Centers for Disease Control and Prevention order to temporarily halt residential evictions, including its extension until June 30, 2021. View Document […]
Revenue Procedure 2021-19 provides guidance with respect to the United States and area median gross income figures for use by issuers of qualified mortgage bonds under § 143(a) of the Internal Revenue Code and issuers of mortgage credit certificates under § 25(c) (collectively, “issuers”) in computing the income requirements under § 143(f). View Document […]
This summary provides the details of the HOME Investment Partnerships Homelessness Assistance and Supportive Services program included in the American Rescue Plan Act, enacted March 11, 2021. View Document […]
Read More… from NCSHA Summary of Homelessness Assistance and Supportive Services Program Under HOME
MBA’s CONVERGENCE and NCSHA partnered to offer this webinar exploring tools that can help mitigate evictions, focusing on the benefits of renter counseling to both tenants and landlords and the role state Housing Finance Agencies can plan in developing a renter counseling curriculum and convening partners to help tenants become successful renters. Download Presentation PDF […]
Read More… from MBA Webinar: Renter Counseling to Mitigate Evictions and Reduce Operational Costs
