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Fact Sheets and FAQs

NCSHA Updated Budget Chart for Select HUD and USDA Housing Programs

NCSHA's FY2021 Budget Chart for select U.S. Department of Housing and Urban Development and Department of Agriculture housing programs.

Mortgage Credit Certificate Program Q&A

What is the Mortgage Credit Certificate (MCC) Program? The MCC program is a home buyer assistance program designed to help lower‐income families afford home ownership. The program allows home buyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000. The remaining mortgage interest paid may still be calculated as an itemized deduction.

Housing Trust Fund 2020 Formula Allocations

This document provides the amount of Housing Trust Fund dollars each state receives in FY 2020.

GSE COVID-19 Servicer Scripts for Borrowers Seeking Forbearance

Both Fannie Mae and Freddie Mac have made public the suggested scripts that they prepared to assist servicers in their discussions with borrowers seeking COVID-19 forbearance.

Housing Choice Voucher Program FAQ

What is the Housing Choice Voucher program? | Whom do vouchers serve? | How do vouchers work? | Who administers the voucher program? | What is the current funding level for vouchers? | What should Congress do to improve this program?

Housing Credit Program FAQ

The Low Income Housing Tax Credit (Housing Credit) is a federal tax credit created by President Reagan and Congress in the Tax Reform Act of 1986 designed to encourage private sector investment in the new construction, acquisition, and rehabilitation of rental housing affordable to low-income households. Over the last three decades, the Housing Credit has become the most successful affordable rental housing production program in history.

Project-Based Section 8 Rental Assistance FAQ

What is Project-Based Section 8 Rental Assistance? | Whom does PBRA serve? | Why is PBRA necessary? | How does PBRA work? | What is the economic impact of PBRA? | Who administers PBRA? | What is the current funding level for PBRA? | What should Congress do to improve PBRA?

Tax-Exempt Housing Bonds FAQ (MRBs, Multifamily)

What are Housing Bonds? | Are Housing Bonds one of the original uses of PAB authority? | How do HFAs use Housing Bonds? | How much bond authority do states have? | What restrictions exist on the use of Housing Bonds? | Why should Congress protect Housing Bonds? | What is the economic impact of Housing Bonds? | Would other tools for financing affordable housing be more efficient? | What does this program cost?

Housing Finance Reform FAQ

Why is housing finance reform important? | What are NCSHA’s priorities in housing finance reform? | Didn’t affordable housing efforts cause Fannie Mae’s and Freddie Mac’s financial troubles? | How should the GSEs support affordable housing? | Why should the GSEs be expected to support affordable housing—aren’t federal housing programs enough? | What are State HFAs? | Why should HFAs be the GSEs’ preferred affordable housing partners