Resources
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 2019–2020 Priority Guidance Plan, including policy issues impacting both the Low Income Housing Tax Credit and Housing Bonds.
NCSHA Comments on Opportunity Zone Data Collection
On May 31, NCSHA sent a letter to the U.S. Department of the Treasury in response to its request for information on data collection and tracking for Qualified Opportunity Funds.
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 Treasury’s 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.
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.
HOME Allocations by State, 2010-2019
HOME allocations from 2010 to 2018 listed by state.
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. 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 “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.
Complaint of Cedar Band v. HUD, Mortgagee Letter 2019-06
The following document is the complaint brought forth to the U.S. District Court of Utah by Cedar Band of Paiutes; Cedar Band Corporation; and CBC Mortgage Agency against the Department of Housing and Urban Development regarding the Federal Housing Administration's recent downpayment assistance guidance in Mortgagee Letter 2019-06.
FHA Mortgagee Letter 2019-06
On April 18, 2019, the Federal Housing Administration released Mortgagee Letter 2019-06, Downpayment Assistance and Operating in a Governmental Capacity, which clarifies 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, including specific documentation that adequately demonstrates the existing requirement that Governmental Entities are operating in their governmental capacity when providing downpayment assistance pursuant to the December 5, 2012, Interpretive Rule.
