This letter, signed by 103 members of the House of Representatives from both parties, urges House leadership to prioritize an increase in the Housing Credit volume cap, establishment of a minimum 4 percent rate for bond-financed Housing Credit developments, basis boosts for certain properties, and a lowering the “50 percent test” threshold for triggering Housing […]
This matrix compares the accommodations NCSHA requested in its March 23 letter to IRS to those allowed under existing IRS Revenue Procedures 2014-49 and 2014-50, which provide relief in instances of Presidentially-declared Major Disasters, and to recent IRS Notice 2020-23, which extends certain program deadlines until July 15, 2020. View Document […]
Read More… from IRS Regulatory Relief Available During COVID-19 Pandemic (Updated)
This final rule repeals HUD’s 2015 Affirmatively Furthering Fair Housing regulations and the 1994 Analysis of Impediments requirements where they appear in regulation and instead returns policy to HUD’s pre-1994 understanding of the 1968 Fair Housing Act’s obligation to affirmatively further fair housing. It requires HUD grantees to certify that they will take active steps […]
Read More… from Preserving Community and Neighborhood Choice Final Rule
Representatives Suzan DelBene (D-WA) and Jackie Walorski (R-IN) are circulating this House of Representatives member sign-on letter in support of inclusion of the Low Income Housing Tax Credit priorities in the next coronavirus relief bill. The letter will be sent to House leadership. […]
On July 14, 2020, the National Low Income Housing Coalition released the 2020 edition of its annual report documenting the gap between renters’ incomes and the cost of housing. The report looks at the economic challenges facing low-income renters across the nation, including lagging wages, inconsistent job growth, and the rising cost of living. […]
Read More… from National Low Income Housing Coalition | Out of Reach: The High Cost of Housing 2020
The June 2020 edition of Down Payment Report included an interview with NCSHA Executive Director Stockton Williams in which he highlighted that state housing finance agencies have been accessing bond markets and mortgage backed securities to provide affordable homeownership financing for home buyers within their states; that state HFAs are doing as much or more […]
Read More… from Interview: State HFAs Remain Stable During the COVID-19 Crisis
On July 8, 2020, the U.S. Department of Housing and Urban Development issued PIH Notice 2020-14 announcing the availability of $50 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) funding that will support approximately 6,000 new HUD-VASH vouchers. The vouchers are administered in partnership with the U.S. Department of Veterans Affairs and enable homeless veterans and […]
Read More… from PIH Notice 2020-14: Availability of Funding for HUD-VASH Vouchers
This document provides proposed regulations relating to the sample size Housing Credit agencies must monitor for program compliance, both physical inspections, and low-income certification reviews. It allows agencies to monitor the lesser of 20 percent of the units in a building or the number provided in the Minimum Unit Sample Size Reference Chart. View Document […]
This summary describes the House Democrats’ $1.5 trillion infrastructure bill, the Moving Forward Act (H.R. 2), which would provide funding for roads, bridges, schools, broadband access, and affordable housing. The bill would increase the amount of Housing Credit and Private Activity Bond authority provided to states annually, make a number of changes to the Housing […]
Read More… from NCSHA Summary of the Moving Forward Act (H.R. 2)
