Testimony, Comments, Correspondence
NCSHA Comments on Treasury/IRS 2019-2020 Priority Guidance Plan
NCSHA sent this letter to the U.S. Department of the Treasury and Internal Revenue Service making recommendations for items the agencies should include in their 2019โ2020 Priority Guidance Plan, including policy issues impacting both the Low Income Housing Tax Credit and Housing Bonds.
NCSHA Urges Treasury to Define Opportunity Zone Data Collection Requirements
On May 31, NCSHA submitted official comments in response to the U.S. Department of the Treasuryโs request for information on data collection and tracking for Qualified Opportunity Funds. In our comments, we urged Treasury to collect project-level data for each Opportunity Zone investment including the dollar amount of capital invested, geographic location, existing use prior to investment, primary purpose of investment, and number of jobs created.
NCSHA Comments on IRS Compliance Monitoring Regulations
NCSHA sent this letter to the Internal Revenue Service regarding the recently enacted amendments to the Housing Credit compliance monitoring regulations.ย The letter urges IRS to rescind the new regulations and work with NCSHA and its members to develop a workable alternative.
ACTION Statement on House Financial Services Infrastructure Hearing
On April 30, the House Financial Services held a hearing on โHousing in America: Assessing the Infrastructure Needs of Americaโs Housing Stock.โ The A Call To Invest in Our Neighborhoods (ACTION) Campaign posted a statement in response to the hearing.
NCSHA Comments on FHA Mortgagee Letter 2019-16
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 the Mortgagee Letter 2019-16. The letter clarifies 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 Letter to IRS on Average Income Test Income Limits
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.
Senate Dear Colleague on FY 2020 HOME Funding
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).
CHCDF Letter Regarding the Government Shutdown
On January 8, 2019, the Campaign for Housing and Community Development Funding (CHCDF) sent a letter to Senate Majority Leader Mitch McConnell, Senate Minority Leader Charles Schumer, Speaker of the House of Representatives Nancy Pelosi, and House Minority Leader Kevin McCarthy, urging congress to pass full year spending bills that provide strong funding for affordable housing and community development programs.ย
NCSHA Submits Comments to IRS on Proposed Opportunity Zone Regulations
On December 28, NCSHA submitted official comments to the Internal Revenue Service (IRS) on proposed regulations implementing Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.
