This Revenue Procedure establishes a new procedure by which Housing Credit agencies may request unused Housing Credit carryover authority from the National Pool. As of its publication, agencies must send their request for National Pool authority to the email address included in the Rev. Proc., rather than mailing a hard copy to the IRS P.O. […]
Forty-seven mayors representing cities in 21 states and the District of Columbia sent this letter to House and Senate leaders in support of the Affordable Housing Credit Improvement Act’s inclusion in 2019 tax legislation. The mayors note the importance of safe and affordable housing to their communities and the critical impact this legislation would have […]
During the fifth Democratic debate on November 21, NBC White House correspondent Kristen Welker asked, “Millions of working Americans are finding that housing has become unaffordable… why are you the best person to fix this problem?” Tom Steyer, Senator Elizabeth Warren, and Senator Cory Booker responded. Watch the video: […]
Oregon Housing and Community Services Executive Director and NCSHA Secretary/Treasurer Margaret Salazar represented the nation’s state housing finance agencies on November 20 during a hearing before the House Financial Services Subcommittee on Housing, Community Development, and Insurance focused on the health, safety, and soundness of HUD-assisted rental and public housing. Salazar testified to the effectiveness […]
The National Council of State Housing Agencies (NCSHA) and the Economic Innovation Group (EIG) are collaborating on a series of case studies of developments that incorporate Opportunity Zone investment to create new affordable homes and support community revitalization efforts. To submit a development for this series, please complete this form. Background and Press Release Sign […]
Rev. Proc. 2019-44 provides the 2020 per capita and small-state minimum levels for the Low Income Housing Tax Credit and Private Activity Bonds (PABs). In 2020, states will receive the greater of $2.81 per capita or $3,217,500 in Housing Credit authority and the greater of $105 per capita or $321,775,000 in PAB volume cap. […]
Read More… from IRS Revenue Procedure 2019-44, 2020 Housing Credit and Housing Bond Volume Caps
The IRS released the 2020 volume caps for Housing Credit and Private Activity Bonds (PABs). […]
This summary provides a comprehensive overview of the legislation to amend the Internal Revenue Code of 1986 to require reporting for Qualified Opportunity Funds, to make modifications to Opportunity Zones, and for other purposes. […]
Read More… from Summary of Opportunity Zone Reporting and Reform Act of 2019
The Opportunity Zones Reporting and Reform Act of 2019 was created to amend the Internal Revenue Code of 1986 to require reporting for Qualified Opportunity Funds, to make modifications to Opportunity Zones, and for other purposes. […]
Read More… from Opportunity Zones Reporting and Reform Act of 2019
