The ACTION Campaign, which NCSHA co-chairs, released this statement calling on Congress to take immediate action to postpone certain Housing Credit deadlines to prevent developments from losing their tax credits due to the impact of COVID-19. The statement also urges Congress to establish a 4 percent minimum rate for bond-financed developments, as action by the […]
Brian D. Montgomery, HUD Assistant Secretary for Housing and Federal Housing Commissioner, gave a special address March 17, 2020, regarding COVID-19. “I’m reaching out at this extraordinary time, during the Coronavirus (COVID-19) outbreak, to ensure that FHA’s many stakeholders – including borrowers, lenders, property owners and agents, and business partners — understand the status of […]
Read More… from Message from Commissioner Montgomery Regarding COVID-19
In response to HUD’s 2020 proposed rule to revise its Affirmatively Furthering Fair Housing (AFFH) regulations, on March 16, NCSHA submitted this letter on behalf of the state housing finance agencies outlining specific steps the administration can take to uphold the Fair Housing Act and practical implementation of its AFFH obligation. View Letter […]
Read More… from NCSHA Comments on Affirmatively Furthering Fair Housing 2020 Proposed Rule
In its March 2020 report, “The Gap: A Shortage of Affordable Homes,” the National Low Income Housing Coalition (NLIHC) found that there are just 36 affordable and available rental homes for every 100 extremely low-income renter households nationwide. The report also highlights that 71 percent of the lowest-income renter households are severely cost-burdened, spending more […]
Notice 2020-10 advises state and local agencies that allocate Housing Credits under § 42 of the Internal Revenue Code, and states and other issuers of tax-exempt private activity bonds under § 141, of the population figures to use in calculating: the 2020 calendar year population-based component of the state Housing Credit ceiling under § 42(h)(3) […]
Read More… from IRS Notice 2020-10 (2020 Population Figures)
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NCSHA’s State HFA Factbook is the best source of information on HFAs and their program activity. Users can now access and filter that valuable data online through the HFA Factbook Online: Data Visualization and Reports. NCSHA offered an orientation webinar on February 27, 2020. Access the recording below and presentation. If you would like a […]
Read More… from How to Use the New State HFA Factbook Data Visualization and Reports Online Platform
On February 21, 2020, the Campaign for Housing and Community Development Funding (CHCDF) sent a letter signed by 4,707 organizations, including NCSHA, to Senators Richard Shelby, Patrick Leahy, Nita Lowey, and Kay Grange urging members of Congress to work together to ensure affordable housing, community development, and transportation programs receive the highest allocation of discretionary […]
In accordance with the executive order establishing it, the White House Opportunity and Revitalization Council submitted this implementation report to President Trump outlining 180 action items completed as of December 2019 by the 17 federal agencies and federal-state partnerships that compose the council. These action items include policy changes and incentives in numerous affordable housing […]
Read More… from White House Opportunity and Revitalization Council: Report to the President
