Testimony, Comments, Correspondence
NCSHA sent this letter to the Internal Revenue Service regarding the recently enacted amendments to the Housing Credit compliance monitoring regulations. The letter urges IRS to rescind the new regulations and work with NCSHA and its members to develop a workable alternative.
On April 30, the House Financial Services held a hearing titled: "Housing in America: Assessing the Infrastructure Needs of America's Housing Stock." The A Call To Invest in Our Neighborhoods (ACTION) Campaign posted a statement in response to the hearing.
NCSHA, on behalf of the state Housing Finance Agencies, sent this letter to the Federal Housing Administration (FHA) regarding the agency's recent issue of Mortgagee Letter 2019-16. The letter requests clarification on FHA's policy regarding documentation requirements that FHA-approved mortgagees must satisfy when originating a mortgage for a borrower using funds from another person or entity to satisfy a portion or all of the "Minimum Required Investment," as defined by FHA.
NCSHA submitted comments to the Department of the Treasury and Internal Revenue Service urging them to provide guidance to HUD so that HUD will be able to publish area-specific income limits at the various designations allowable under the Average Income Test.
NCSHA submitted comments on the U.S. Department of Housing and Urban Development's (HUD) process for collecting data from state Low Income Housing Tax Credit (Housing Credit) administering agencies on tenants residing in Housing Credit properties and on HUD's proposals for modifying both the HUD LIHTC Tenant Data Collection Form (HUD-52697) and the LIHTC Database Data Collection Form (HUD-52695).
The letter below, signed by 103 Members of Congress, requests support from the House Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to restore the HOME Investment Partnerships Program (HOME) with at least $1.5 billion for fiscal year (FY) 2020.
This letter was sent to Chairwoman Susan Collins and Ranking Member Jack Reed of the Senate Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) in support of the HOME Investment Partnerships Program (HOME).
Below is NCSHA's preliminary analysis of President Trump's Fiscal Year (FY) 2020 budget proposal titled, “A Budget for a Better America; Promises Kept. Taxpayers First.” The Administration released the budget request earlier this week in two parts: the budget overview last week and then this week the budget appendix and related documents detailing program level funding and policy proposals.
For the Ways and Means' Infrastructure Hearing, the ACTION Campaign submitted a statement for the record arguing that the Housing Credit plays an important role in combating the affordable housing infrastructure deficit our nation faces.