On January 21, 2021, NCSHA joined a broad coalition of organizations representing the affordable housing industry in this letter to President Biden and the Departments of the Treasury, Housing and Urban Development, and Agriculture expressing unified support for the $25 billion Housing Assistance Fund to be included in the American Rescue Plan to help homeowners […]
This notice extends the relief provided by IRS Notice 2020-39 and provides additional relief for Qualified Opportunity Funds and their investors in response to the COVID-19 pandemic. Notice 2021-10 specifically provides relief from the 180-day Opportunity Zone investment requirement, the 30-month substantial improvement period, the 90 percent investment standard, the 12-month reinvestment period for Opportunity […]
Read More… from IRS Notice: 2021-10 Opportunity Zones COVID-19 Relief Extension
This notice extends and expands temporary relief originally provided under previous Notice 2020-23 and Notice 2020-53 from certain requirements under Section 42 of the Internal Revenue Code for Housing Credit properties in response to the ongoing COVID-19 pandemic. Notice 2021-17 provides further clarification on the implementation of this Notice. The deadline extensions and waivers provided in this Notice have […]
This document outlines President-Elect Biden’s proposal for a comprehensive COVID-19 relief platform, including housing aid. View Document […]
Published on January 13, the Economic Growth Regulatory Relief and Consumer Act: Implementation of National Standards for the Physical Inspection of Real Estate (NSPIRE) proposed rule would revise the way HUD-assisted housing is inspected and evaluated using the National Standards for the Physical Inspection of Real Estate (NSPIRE) model. […]
This summary provides the details of the emergency rental assistance (ERA) program authorized under the Consolidated Appropriations Act of 2021. NCSHA updates this summary as new information becomes available about the ERA program. A previous summary outlined details of an earlier version of the proposal that had been included in the bipartisan 908 Coalition legislation […]
Read More… from NCSHA Summary of Emergency Rental Assistance
This statement, sent on January 8, 2021, to Treasury Department officials in the Trump Administration, contains NCSHA’s initial recommendations on the guidance grantees would need to implement the Emergency Rental Assistance program. View Document […]
On January 6, 2021, NCSHA submitted this comment letter to the U.S. Department of Housing and Urban Development in response to its proposed rule that would implement changes affecting the Housing Choice Voucher tenant-based and Project-Based Voucher programs as authorized by the Housing Opportunity Through Modernization Act of 2016 (HOTMA) as well as additional regulatory […]
Read More… from NCSHA Comment Letter on HUD HOTMA Proposed Rule
The Emergency Rental Assistance Program makes available billions to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to states, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance […]
Read More… from U.S. Department of the Treasury Emergency Rental Assistance Program Website
