In response to Notice 2019-52, on October 31 the National Council of State Housing Agencies sent IRS comments on how it can improve Housing Credit disaster relief guidance provided in Revenue Procedures 2014-49 and 2014-50. […]
On October 28, the Internal Revenue Service published Internal Revenue Bulletin 2019-44, which includes (under Part III) Rev. Proc. 2019-41, providing the Housing Credit National Pool amounts for qualified states for calendar year 2019. Thirty-one states received additional Credit authority through the National Pool this year. […]
Read More… from IRS Revenue Procedure 2019-41 (2019 National Pool)
Learn from senior agency officials the latest on FHA’s down payment assistance policy and USDA’s effort to expand lending to working families in rural areas. Hear about Fannie Mae and Freddie Mac’s plans for their HFA Preferred lending products. DISCUSSION LEADER: Rhonda Kimble, Single-Family Director | Iowa Finance Authority PARTICIPANTS: Michelle C. Corridon, Deputy Director, […]
Read More… from Working with FHA, USDA, Fannie Mae, and Freddie Mac (AC19 Conference Session)
The U.S. Department of the Treasury and Internal Revenue Service issued their 2019 – 2020 Priority Guidance Plan, which identifies guidance projects Treasury and IRS intend to actively work on between July 1, 2019, and June 30, 2020. […]
Read More… from 2019-2020 Treasury and IRS Priority Guidance Plan
This document contains the implementation report to the President in accordance with Executive Order “Establishing the White House Opportunity and Revitalization Council.” This report outlines the plan of the White House Opportunity and Revitalization Council (Council) to implement administrative reforms and initiatives that will target, streamline, coordinate, and optimize Federal resources in economically distressed communities […]
Read More… from Implementation Plan for The White House Opportunity and Revitalization Council
The National Council of State Housing Agencies and the Economic Innovation Group are collaborating on a series of Opportunity Zone development profiles that feature affordable and/or workforce housing components. To submit a development for this series, please complete the form below. […]
Read More… from Submission Form: Opportunity Zone Affordable Housing Development Profile
On September 16, 2019, NCSHA submitted comments to the Director of the Consumer Financial Protection Bureau, Kathy Kraninger, on the Bureau’s Advance Notice of Proposed Rulemaking on the Qualified Mortgage Definition under the Truth in Lending Act. […]
On September 17, 2019, the IRS released guidance for additional Low Income Housing Credit disaster relief for the State of California. “In response to the devastation caused by the California Wildfires to Butte, Los Angeles, and Ventura Counties in the State of California (hereinafter, California), this notice expands the emergency housing and compliance monitoring relief […]
Read More… from IRS Guidance on Low Income Housing Credit Disaster Relief for California
This letter, signed by 23 industry stakeholders including NCSHA, was sent to the Director of the Consumer Financial Protection Bureau, Kathy Kraninger, in response to the Advance Notice of Proposed Rulemaking on the Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z). […]
Read More… from QM Coalition Letter to CFPB on Qualified Mortgage Definition DTI Limit
