Page 58 — NCSHA

House Financial Services 2021 COVID-19 Relief Draft Bill

This draft legislation, which the House Financial Services Committee will mark up on February 10, includes the housing provisions expected to be included in the 2021 COVID-19 relief legislation. View Document Related Document: February 4, 2021: Memorandum on Draft Bill […]

Homeowner Assistance Fund (S.254)

This legislation, introduced by Senator Jack Reed (D-RI) with lead cosponsors Sherrod Brown (D-OH), and Patrick Leahy (D-VT), would authorize a $75 billion Homeowner Assistance Fund at the Department of the Treasury, which would be administered at the state level to help struggling homeowners avoid foreclosure and utility shut-offs. View Document Related Document: February 4, […]

NCSHA Letter on Housing Needs in 2021 COVID-19 Relief Legislation

This February 4, 2021, NCSHA letter to congressional leadership urges them to provide $25 billion in homeownership aid and an additional $25 billion in rental assistance in the COVID-19 relief package. View Document […]

Monitoring Compliance in Public Housing Redevelopment (HFAi21)

Learn more about the compliance rules associated with combining Housing Credits with public housing repositioning tools including Rental Assistance Demonstration (RAD), Section 8 vouchers, Section 18 demolition/disposition, and Section 22 voluntary conversions. Discuss best practices for working with housing authorities and managing lease-up in public housing conversions. TRAINERS Sheryl Putnam | Nan McKay & Associates, […]

Mitigating Threats to Long-Term Affordability (HFAi21)

In the current environment, Housing Credit developments face serious challenges to maintaining affordability. Gain a better understanding of the policy implications of increased qualified contract activity, legal challenges to rights of first refusal, and modifications of extended use agreements. Discuss the magnitude of the Housing Credit preservation challenge as properties approach Year 30. DISCUSSION LEADER […]

Navigating the Private Activity Bond Landscape (HFAi21)

As the use of tax-exempt bonds in conjunction with the 4 percent Credit continues to increase, financial structuring experts describe tactics to make the most effective use of bond resources in the current competitive environment. Explore innovative executions including bond recycling and combining 9 and 4 percent Credits. DISCUSSION LEADER Rich Froehlich, First Vice President […]

Implementing Changes in Income Limits and Utility Allowances (HFAi21)

Gain a better understanding of IRS rules and challenges associated with new income limits and utility allowance updates in Housing Credit developments. Explore income-limit trends and the impact of minimum wage increases on tenant eligibility. Discuss the effect of utility allowances on project rents, industry perspectives on rent increases, and special issues related to preservation […]

Average Income Test: Development and Compliance Strategies (HFAi21)

Explore lessons learned from the initial batch of developments electing the Average Income Test minimum set-aside and the industry’s reaction to proposed IRS regulations. Consider emerging best practices in deal structuring, project underwriting, market studies, unit designation, tenant lease-up, compliance monitoring, property management, and noncompliance correction. DISCUSSION LEADER Jennifer Schwartz, Director of Tax and Housing […]

Managing Development Delays and Program Deadlines (HFAi21)

Explore strategies to minimize the impact of construction delays on 10 percent test qualification, the placed-in-service deadline, and other crucial milestones in the development process. Understand IRS rules extending program deadlines and industry perspectives on Credit swaps, tax credit adjuster provisions, and IRS Form 8609 issuance. DISCUSSION LEADER Bob Peterson, Manager, Multifamily Housing and Community […]