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

IRS Revenue Procedure 2021-43: Extends Safe Harbors, Provides Guidance for 4 Percent Properties

IRS Revenue Procedure 2021-43 provides safe harbors for determining whether an exempt facility bond issue that is issued after December 31, 2020, or an allocation of a housing credit dollar amount...

IRS Revenue Ruling 2021-20: 4 Percent Floor Application to Housing Credit Buildings

IRS Revenue Ruling 2021-20 provides guidance regarding whether the 4 percent applicable percentage (4 percent floor) under § 42(b)(3) of the Internal Revenue Code applies to the low-income buildings described in the revenue ruling.

U.S. Treasury Department’s Emergency Rental Assistance Program (ERA1 and ERA2) Interim Report, January 1 – October 30, 2021

This downloadable Excel workbook shows Emergency Rental Assistance (ERA1 and ERA2) dollars paid and number of households assisted by state and local grantees over the reporting periods of January 1 - March 31, April 1 – April 30, May 1 – May 31, June 1 – June 30, July 1 – July 31, August 1 – August 31, September 1 – September 30, 2021, and October 1 - October 30.

Housing Credit Stakeholder Sign-On Letters in Support of Fixing Qualified Contracts, Right of First Refusal

These letters from NCSHA and other Housing Credit stakeholders to House Speaker Nancy Pelosi, House Ways and Means Committee Chair Richard Neal, Senate Majority Leader Charles Schumer, and Senate Finance Committee Chairman Ron Wyden express support for provisions in reconciliation legislation to close the qualified contract loophole and mitigate investor challenges to nonprofit developers seeking to exercise their statutorily given right of first refusal.

NCSHA Summary of the Neighborhood Homes Investment Act

This summary provides details from the “Neighborhood Homes Investment Act,” text of which was included in the Build Back Better Act that passed the House of Representatives on November 19, 2021.

Campaign for Housing and Community Development Funding Letter on FY 2022 Appropriations

This November 19, 2021, letter sent by NCSHA and fellow steering committee members of the Campaign for Housing and Community Development Funding (CHCDF) urges Congress to enact fiscal year 2022 appropriations bills as soon as possible and outlines the devastating impacts on affordable housing and community development programs when multiple, or lengthy, continuing resolutions are in place.

Housing Credit Qualified Contract Factsheet

This document provides background on the Housing Credit qualified contract option and how this loophole in the law enables some owners to take properties out of the programs after just 15 years, rather than adhering to the otherwise statutorily required 30 years or more of affordability.

Commonly Used Housing Acronyms

This is a list of commonly used housing acronyms that is updated regularly. The resource was referenced during the 2021 Housing Credit 101 Training.

NCSHA Letter to Treasury on Quarterly Reporting

This letter, sent by NCSHA to the Treasury Department on November 16, 2021, urges Treasury to provide a blanket extension for Emergency Rental Assistance quarterly reports until such time as the department is able to streamline quarterly reporting requirements, provide grantees with technical assistance on reporting, and fix technical problems in Treasury’s ERA reporting portal.

IRS Revenue Procedure 2021-45: 2022 Housing Credit and Housing Bond Volume Caps

Internal Revenue Service Revenue Procedure 2021-45 provides the 2022 per capita and small state minimum levels for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs). In 2022, states will receive the greater of $2.60 per capita or $2,975,000 in Housing Credit authority and the greater of $110 per capita or $335,115,000 in PAB volume cap.