Fact Sheets and FAQs
NCSHA Updated Budget Chart for Select HUD and USDA Housing Programs
NCSHA's FY2024 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 lowerāincome families afford home ownership. The program allows home buyers to claim a dollarāforādollar 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.
Project-Based Section 8 Rental Assistance FAQs
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?
HOME Investment Partnerships Program FAQs
The HOME Investment Partnerships Program (HOME) provides grants to state and local governments to produce affordable housing for lowāincome families. States and localities target flexible HOME funds to the particular needs of their communities.
Tax-Exempt Housing Bonds FAQs
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? | 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 Credit Program FAQs
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.
Housing Trust Fund FAQs
What is the Housing Trust Fund? | Whom does HTF serve? | Who administers HTF? |How much funding is provided through HTF annually? | What should Congress do to improve HTF?
Neighborhood Homes Investment Act FAQs
What is the Neighborhood Homes Investment Act? | Where will the NHIA tax credit be used? | What kind of housing would be improved or built with the NHIA tax credit? | Whom does the NHIA tax credit serve? | Why is the NHIA tax credit necessary? | Will the Neighborhood Homes Investment Act cause gentrification? | How would the NHIA tax credit work? | How will the NHIA tax credit be allocated to the states? | Who will administer the NHIA tax credit? | Who will oversee administration of the NHIA tax credit?| What is the projected impact of the NHIA tax credit? | Would the NHIA tax credit leverage other funding?| Would the private sector finance affordable housing without an incentive like the NHIA tax credit? | Who is supporting the NHIA tax credit?
Housing Trust Fund (HTF) Allocations by State, 2016-2023
Housing Trust Fund (HTF) allocations from 2016 to 2023 listed by state.