State and local governments along with HUD have issued partial emergency eviction and foreclosure moratoriums during the COVID-19 crisis. These emergency measures vary greatly in form and level of protection. The Eviction Lab and Emily Benfer of Columbia Law School have developed a policy scorecard for 50 states and the District of Columbia, distilling the […]
Source: Alaska Housing Finance Corporation About: While COVID-19 brings uncertainty, AHFC is determined to keep Alaskans safe and healthy. Find information on about AHFC mortgages, resources for public housing tenants, and tools for landlords. Learn more about how AHFC has modified operations to meet COVID-19 mandates while still fulfilling its mission. NCSHA features new resources […]
Read More… from Alaska Housing Finance Corporation: Staying on Top of Coronavirus
On April 16, Representatives Suzan DelBene (D-WA), Kenny Marchant (R-TX), Donald Beyer (D-VA), and Jackie Walorski (R-IN), the four lead sponsors of the Affordable Housing Credit Improvement Act (H.R. 3077) sent House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) this letter urging them to enact a minimum 4 percent Housing Credit rate […]
The most recent COVID-19 news and analyses are available on NCSHA’s main COVID-19 Resources page. Articles previously posted on that page are archived below. Housing and civil rights coalition demands federal liquidity facility for servicers | Housing Wire | 4.17.20 Mnuchin Under Growing Pressure to Help Struggling Mortgage Companies | The Wall Street Journal | […]
IRS Revenue Procedure 2018-58 provides a list of time-sensitive actions, including several Housing Credit and tax-exempt bond deadlines, that may be extended for taxpayers affected by a federally declared disaster. View Document […]
House Ways and Means Chairman Richard Neal (D-MA) and Representative Suzan DelBene (D-WA) sent Treasury Secretary Steven Mnuchin this letter in support of regulatory relief for the Housing Credit program needed during the COVID-19 crisis. View Document […]
This Notice provides relief to taxpayers affected by the coronavirus pandemic. Among other things, the notice automatically extends several Housing Credit and tax-exempt bond deadlines referenced in IRS Revenue Procedure 2018-58. The notice also extends the 180-day deadline to invest capital gains in a Qualified Opportunity Fund to July 15 for taxpayers with a deadline […]
Read More… from IRS Notice 2020-23: Taxpayer Relief for COVID-19
On April 8, the IRS released Revenue Procedure 2020-23, providing guidance on filing amended partnership tax returns to take advantage of the bonus depreciation changes in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as well as other tax incentives. View Document […]
Read More… from IRS Releases Guidance on Filing Amended Partnership Tax Returns
On March 23, 2020, NCSHA sent a letter calling on the Internal Revenue Service and U.S. Department of the Treasury to take immediate steps to ease Housing Credit deadlines and provide other needed program accommodations due to social distancing during the COVID-19 pandemic. Here are three letters supporting NCSHA’s call to action. LeadingAge | April […]
