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HUD Office of Multifamily Housing Programs Mortgagee Letter

HUD’s Office of Multifamily Housing Programs published a Housing Notice and related Mortgagee Letter today that expand the use of the Low-Income Housing Tax Credit (LIHTC) pilot program into New Construction and Substantial Rehabilitation loan products under Sections 221(d)(4) and 220.

HUD Office of Multifamily Housing Programs Housing Notice

HUD’s Office of Multifamily Housing Programs published a Housing Notice and related Mortgagee Letter today that expand the use of the Low-Income Housing Tax Credit (LIHTC) pilot program into New Construction and Substantial Rehabilitation loan products under Sections 221(d)(4) and 220.

NCSHA Public Hearing Statement to IRS on Opportunity Zone Proposed Regulations

On February 14, 2019, during an Internal Revenue Service (IRS) public hearing on proposed Opportunity Zone regulations, Executive Director Stockton Williams urged IRS to implement regulations that strengthen the ability of Opportunity Zone tax incentives to expand and preserve affordable housing. In his testimony, Williams highlighted the importance of ensuring Opportunity Zone incentives can be put to work redeveloping vacant land in distressed communities, which represents a huge, largely untapped potential resource for affordable housing in many cities across the United States.

HUD Published a Notice Soliciting Public Comment on Tenant Data Collection for Housing Credit Properties

On February 11, HUD published a Notice solicitating public comment on the tenant data collection process that  Housing Credit agencies undertake to collect information on households living in Housing Credit properties

Key Congressional Committee Rosters

Below are the NCSHA's key congressional committee rosters for the 116th Congress. For specific committee websites, see links below. 

NABL Letter to IRS to Clarify Multifamily Bond Properties May Allow Preferences for Veterans, Other Groups

On December 20, 2018, the National Association of Bond Lawyers (NABL) sent a letter to senior White House, Treasury, and IRS officials asking for guidance clarifying that preferences for special populations, such as veterans, do not violate the public use requirements in regulations governing multifamily Housing Bonds.

Crapo Releases Housing Finance Reform Plan

On February 1, 2019, Senate Banking Committee Chair Mike Crapo (R-ID) released an outline of his housing finance reform plan, which includes a securitization platform operated by Ginnie Mae and would replace the GSEs’ housing goals and duty to serve with a new Market Access Fund. The Market Access Fund, Housing Trust Fund, and Capital Magnet Fund would share the proceeds of a 10-basis point fee on annual loan volume guaranteed by the new system.

House Municipal Finance Caucus Tax-Exempt Bond Support Letter

Representatives C.A. Dutch Ruppersberger (D-MD) and Steve Stivers (R-OH), the co-chairmen of the bipartisan Municipal Finance Caucus, are circulating a sign-on letter to House members in support of tax-exempt municipal bonds. 

Preservation Spotlight (HFAi19)

Consider opportunities and challenges in affordable housing preservation and analyze the latest tools to address the varied needs of an aging portfolio. Get updates on the RAD expansion to...