Resources
Neighborhood Homes Investment Act FAQs
This NCSHA document responds to pertinent questions regarding the Neighborhood Homes Investment Act introduced by Representatives Mike Kelly (R-PA) and John Larson (D-CT) on April 10, 2025. This bill, which is one of NCSHA’s top legislative priorities, establishes a federal tax credit targeted to the new construction or substantial rehabilitation of affordable owner-occupied housing located in distressed urban, suburban, and rural neighborhoods.
NCSHA Summary of Neighborhood Homes Investment Act
This document provides a detailed summary of the Neighborhood Homes Investment Act, which was introduced by Representatives Mike Kelly (R-PA) and John Larson (D-CT) on April 10, 2025. This bill, which is one of NCSHA’s top legislative priorities, establishes a federal tax credit targeted to the new construction or substantial rehabilitation of affordable, owner-occupied housing located in distressed urban, suburban, and rural neighborhoods.
Affordable Housing Credit Improvement Act Center
Access advocacy tools, useful links, and videos related to the Affordable Housing Credit Improvement Act. Get involved and contact NCSHA staff with questions. | Sponsored by Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), Johnny Isakson (R-GA) and in the Senate and Representatives Suzan DelBene (D-WA), Kenny Marchant (R-TX), Don Beyer (D-VA), and Jackie Walorski (R-IN) in the House, the Affordable Housing Credit Improvement Act of 2019 (S. 1703/H.R. 3077) would make significant strides towards addressing our nation’s severe shortage of affordable housing by expanding and strengthening the Low Income Housing Tax Credit (Housing Credit), our nation’s most successful tool for encouraging private investment in the production and preservation of affordable rental housing. This legislation would increase the supply of affordable rental housing by over 550,000 units over 10 years. #AHCIA
HUD Title I Letter 490: Revisions to Residency Requirements
The U.S. Department of Housing and Urban Development Issued Title I Letter 490 on March 26, 2025. The letter removes the eligibility for non-permanent resident aliens to obtain FHA Title I loans, updating the requirements for permanent residents in the Property Improvement and Manufactured Home Loan Programs.
FHA Mortgagee Letter 2025-09: Revisions to Residency Requirements
The U.S. Department of Housing and Urban Development has issued Mortgagee Letter 2025-09, updating residency requirements for borrowers seeking FHA-insured financing.
HOME Investment Partnerships Program Reauthorization and Improvement Act
Senator Catherine Cortez Masto (D-NV) and Representative Joyce Beatty (D-OH) recently introduced the HOME Investment Partnerships Program Reauthorization and Improvement Act (S. 948 / H.R. 2031) to reauthorize the HOME program, increase the authorized funding level for the program to $5 billion, and make several needed program improvements.
Senate Letter to HUD on DOGE Staff Cuts
On February 20, 2025, a group of Senators sent this letter to Housing and Urban Development Secretary Scott Turner expressing concerns over the agency’s plans for staffing cuts, which were made based on the recommendations of the new Department of Government Efficiency.
NCSHA Comments on FHFA Proposed Rule on FHLB Governance
On February 3, 2025, NCSHA submitted comments on a Federal Housing Finance Agency proposed rule to revise regulations addressing boards of directors and overall corporate governance of the Federal Home Loan Banks (FHLBs). NCSHA expressed its overall support for the proposed rule, particularly its proposal to require that the FHLBs look to include board members with experience and expertise in several emerging topics impacting the housing market. NCSHA asked that FHFA also mandate that the banks look to appoint directors with experience working with HFAs and familiarity with the federal and state housing programs they administer.
Public Finance Network Asks Congress to Maintain Private Activity Bonds
The Public Finance Network, a coalition of issuer groups — including NCSHA — and interested stakeholders campaigning to maintain and improve municipal bond programs, wrote to congressional leaders on January 31, 2025, asking them to protect and bolster the tax-exempt municipal bond market.
