Testimony, Comments, Correspondence
NCSHA Comments to the IRS on Form 8609
On January 25, 2021, NCSHA submitted comments to the Internal Revenue Service on Form 8609 (Low Income Housing Credit Allocation and Certification). These comments suggest form revisions related to the minimum 4 percent Credit rate enacted in the Consolidated Appropriations Act of 2021, the ability of state agencies to notify IRS about carryover allocation or placed in service relief to projects, and other improvements to assist agencies in administration of the Housing Credit program.
NCSHA, Other Housing Advocacy Groups Urge Biden Administration to Support Housing Assistance Fund
On January 21, 2021, NCSHA joined a broad coalition of organizations representing the affordable housing industry in a letter to President Biden and the Departments of the Treasury, Housing and Urban Development, and Agriculture expressing unified support for the $25 billion Housing Assistance Fund to be included in the American Rescue Plan to help homeowners negatively impacted by COVID-19 pandemic.
NCSHA Statement to Trump Administration on Emergency Rental Assistance Program Guidance Recommendations
This statement, which NCSHA sent on January 8, 2021, to Trump Administration’s Treasury Department officials contains NCSHA’s initial recommendations on the guidance grantees would need to implement the Emergency Rental Assistance program.
NCSHA Comment Letter on HUD HOTMA Proposed Rule
On January 6, 2021, NCSHA submitted this comment letter to the U.S. Department of Housing and Urban Development in response to its proposed rule that would implement changes affecting the Housing Choice Voucher tenant-based and Project-Based Voucher programs as authorized by the Housing Opportunity Through Modernization Act of 2016 (HOTMA) as well as additional regulatory changes intended to reduce the burden on public housing agencies.
NCSHA Comment Letter on IRS Housing Credit Average Income Test Proposed Rule
On December 17, 2020, NCSHA submitted this comment letter to the Internal Revenue Service in response to its proposed rule that would establish new Low Income Housing Tax Credit regulations related to the Average Income Test (AIT) minimum set-aside and modify existing regulations related to the Next Available Unit rule for purposes of implementing the AIT.
ACTION Campaign Memo to Biden-Harris Agency Review Teams
The A Call To Invest In Our Neighborhoods (ACTION) Campaign sent this letter to the Biden-Harris Transition Agency Review Teams for the Departments of the Treasury, Housing and Urban Development, and Agriculture outlining how the Biden Administration can work with ACTION to further increase affordable housing production and preservation with the Housing Credit by supporting congressional action and through regulatory changes.
National Sign-On Letter Supporting NCSHA Recommendations to IRS on Housing Credit COVID-19 Regulatory Relief
This letter, signed by 140 organizations from across the nation, urges IRS to enact Housing Credit COVID-19 regulatory relief requested by NCSHA in its November 16, 2020, letter to the IRS and Treasury.
NCSHA Letter to HUD on HOME COVID-19 Waivers Extension
On November 24, 2020, NCSHA sent this letter to the U.S. Department of Housing and Urban Development urging immediate action to extend the temporary relief provided by the pair of April 10, 2020, memoranda on the availability of waivers and suspensions of HOME Investment Partnership program requirements and HOME-Assisted Tenant-Based Rental Assistance for Emergency and Short-Term Assistance in response to the COVID-19 pandemic.
NCSHA Letter to IRS, Treasury on Extending and Expanding COVID-19 Housing Credit Relief
On November 16, 2020, NCSHA sent this letter to the Internal Revenue Service and the U.S. Department of the Treasury urging them to extend the temporary Housing Credit relief provided by IRS Notice 2020-53 and to make other necessary program accommodations as the COVID-19 pandemic continues to disrupt development and construction activities and the operation of Housing Credit properties. One hundred and forty organizations from across the nation signed a letter in support of NCSHA’s requests. Separately, the National Association of Home Builders (NAHB) sent a letter to IRS echoing NCSHA’s recommendations.
