Fact Sheets and FAQs
This document provides the amount of Housing Trust Fund dollars each state receives in FY 2021.
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?
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.
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?
What is the Housing Trust Fund? | Whom does HTF serve? | Who administers HTF? | How is money allocated to the Housing Trust Fund? | What should Congress do to improve HTF?
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?
NCSHA's FY2021 Budget Chart for select U.S. Department of Housing and Urban Development and Department of Agriculture housing programs.
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.
This document provides the amount of Housing Trust Fund dollars each state receives in FY 2020.