Resource Center

Looking for talking points or FAQs to prepare for a meeting on Capitol Hill? A copy of NCSHA’s annual Factbook? Housing research and analysis? A presentation from a recent conference to share with a colleague? A reference guide for Housing Credit, HOME, MRBs, or Section 8 program administration? You’ve come to the right place: The NCSHA Resource Center is your source for this important information and much more. Refer to the right sidebar to see resource categories or use the search bar to search resources by topic.

NCSHA Members: Looking for a specific resource from a past event or conference? Please contact us for assistance.

Emergency Housing Assistance Updates

HUD Notice on Changes to the Methodology Used for Calculating Section 8 Income Limits

On January 10, 2024, the U.S. Department of Housing and Urban Development (HUD) published this notice in the Federal Register setting an annual cap of 10 percent on income limit increases for housing financed by Housing Credits, private activity bonds, and various HUD programs, including Section 8. The previous cap was five percent or twice the annual percentage change in median family income. Comments on the notice will be accepted through February 9, 2024, but HUD requests that comments are limited to responses to six provided questions.

Treasury Department Interim Final Rule to Amend ‘Obligation’ in SLFRF Regulations

On November 20, 2023, the Treasury Department issued an interim final rule to amend the definition of ’obligation’ set forth in Coronavirus State and Local Fiscal Recovery Fund (SLFRF) regulations and to give additional flexibility and clarity to recipients to support their use of SLFRF funds. The rule does not alter the eligible use categories described in the 2022 SLFRF final rule or the 2023 interim final rule and does not alter existing SLFRF obligation or expenditure deadlines. Recipients must obligate SLFRF funds by December 31, 2024, and expend obligated funds by December 31, 2026.

IRS Revenue Procedure 2023-34: 2024 Housing Credit and Housing Bond Volume Caps

The Internal Revenue Service’s Revenue Procedure 2023-34 provides the 2024 per-capita and small-state minimum levels for the Low Income Housing Tax Credit and Private Activity Bonds. In 2023, states will receive the greater of $2.90 per capita or $3,360,000 in Housing Credit authority and the greater of $12 per capita or $378,230,000 in PAB volume cap.

HUD Administrative Notice on NSPIRE

Issued by the U.S. Department of Housing and Urban Development, this notice on the National Standards for the Physical Inspection of Real Estate (NSPIRE) addresses the process and operational requirements for public housing and multifamily housing assistance programs covered by the final rule. The notice contains policies and procedures for properties participating in inspections, submitting evidence of deficiency correction, submitting technical reviews, administrative review, and other administrative requirements associated with the final NSPIRE rule.

IRS Revenue Procedure 2023-22: New MRB and MCC Purchase Price Limits and Safe Harbors

On April 19, 2023, the Internal Revenue Service published Revenue Procedure 2023-22, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. The revenue procedure establishes the new MRB and MCC purchase price limits by taking the Federal Housing Administration single-family loan limits released in December 2022 and dividing them by .883. It also sets the national average purchase price at $503,300 for computing the housing cost/income ratio, which determines which areas qualify as high-cost and are eligible for an increase in MRB/MCC income limits.

IRS Revenue Procedures 2023-32 and 2024-18 (National Pool)

Revenue Procedure 2022-37 (published within Internal Revenue Bulletin 2022-43) provides the Housing Credit National Pool amounts for qualified states for calendar year 2022. Twenty-seven states received unused Housing Credit carryovers from the National Pool.

NCSHA Analysis of Biden Administration’s FY 2024 Budget Request

This resource is NCSHA’s analysis of the Biden Administration’s Fiscal Year 2024 Budget Request. The $6.9 trillion budget outlines the Biden Administration’s fiscal priorities, including for U.S. Department of Housing and Urban Development and U.S. Department of Agriculture housing programs.

FHA Mortgagee Letter 2023-05: Reduction in Annual Single-Family Mortgage Insurance Premium

On February 22, 2023, the U.S. Department of Housing and Urban Development published Mortgagee Letter 2023-05 and announced the Federal Housing Administration will reduce its annual single-family mortgage insurance premium by 0.30 percentage points, from 0.85 to 0.55 percent for most new borrowers, effective for mortgages endorsed on or after March 20, 2023.

Treasury Notice on ERA 2 Final Undrawn Funds Assessment

This notice, published December 2, 2022, by the Treasury Department, modifies prior guidance on ERA 2 reallocation to state Treasury will not conduct the optional Final Undrawn Funds Assessment described in the previous guidance until at least June 2023, if at all.

IRS Revenue Procedure 2022-38: 2023 Housing Credit and Housing Bond Volume Caps

The Internal Revenue Service’s Revenue Procedure 2022-38 provides the 2023 per-capita and small-state minimum levels for the Low Income Housing Tax Credit and Private Activity Bonds. In 2022, states will receive the greater of $2.75 per capita or $3,185,000 in Housing Credit authority and the greater of $120 per capita or $358,845,000 in PAB volume cap.