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.

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Emergency Housing Assistance Updates

FHA FAQs on the Homeowner Assistance Fund Released February 3, 2022

Attached is a list of 16 questions the Federal Housing Administration (FHA) published in HUD's online resource center on February 3, 2022, pertaining to the Homeowner Assistance Fund (HAF) and how HAF funds should be used in conjunction with FHA's loss mitigation procedures.

GAO Report on Oversight Needs for COVID-19 Relief Programs

This report by the U.S. Government Accountability Office finds that government agencies must significantly improve overseeing of emergency relief funds, including the Emergency Rental Assistance (ERA) program. The report makes recommendations to the Treasury Department and the Office of Management and Budget related to ERA oversight. It also provides recommendations to other government agencies related to Nutrition Assistance, tax relief for businesses, and healthcare emergency programs.

Treasury Inspector General for Tax Administration Report: Oversight of the Low-Income Housing Tax Credit Program Can Be Improved

This report assesses the Internal Revenue Service’s (IRS) processes and procedures to ensure Housing Credit Agency, building owner, and taxpayer compliance with the Housing Credit and includes recommendations to IRS related to additional system validity checks, establishing an examination selection process for questionable claims, and allocating additional resources for increased compliance monitoring of Housing Credit Agencies.

IRS Notice 2022-05: Housing Credit Coronavirus Relief Guidance Extension and Expansion

This Notice, which extends and expands on previously IRS-issued relief for the Housing Credit program due to the COVID-19 pandemic, is the third such Notice IRS has issued since the start of the pandemic.

FHFA Final Rule on 2022‒2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae, Freddie Mac

On December 22, 2021, the Federal Housing Finance Agency (FHFA) published a final rule establishing the single-family and multifamily affordable housing goals for Fannie Mae and Freddie Mac for years 2022-2024. The final rule increases all of the single-family goals and subgoals and establishes two new subgoals – one targeting minority communities and the other targeting low-income neighborhoods. The rule also increases each of the multifamily goals and subgoals for Fannie Mae and Freddie Mac.

Homeowner Assistance Fund: Frequently Asked Questions on Reporting Requirements

The U.S. Department of the Treasury, on December 8, 2021, published a Frequently Asked Questions document regarding the reporting requirements Homeowner Assistance Fund-administering agencies must adhere to.

Homeowner Assistance Fund: Guidance on Required Interim Report

The U.S. Department of the Treasury, on December 8, 2021, published guidance for Homeowner Assistance Fund-administering agencies regarding the interim report they are required to submit to Treasury by Monday, February 28, 2022.

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.