Resources
Senate HOME Dear Colleague Letter for FY 2020 Budget
The HOME Dear Colleague Letter from Senators Christopher Coons (D-DE) and Dianne Feinstein (D-CA) expresses support for the HOME Investment Partnerships program in which its funding is eliminated in President Trump's Fiscal Year (FY) 2020 budget proposal. The letter is addressed to the leadership of the Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies, Chairwoman Susan Collins and Ranking Member Jack Reed.
Senators Ask IRS to Clarify Eligibility of Veterans’ Housing for Private Activity Bonds
On March 15, Senators Dianne Feinstein (D-CA), John Cornyn (R-TX), Catherine Cortez Masto (D-NV), Jacky Rosen (D-NV), Kamala Harris (D-CA), and Mazie Hirono (D-HI) sent a letter to Internal Revenue Service (IRS) Commissioner Charles Retting pressing IRS to issue guidance clarifying that multifamily bond-financed affordable rental housing developments do not violate the general public use requirements of the bond program so long as they are consistent with the general public use requirements of the Housing Credit program.
NCSHA’s Preliminary Analysis of the Administration’s FY 2020 Budget Request
Below is NCSHA's preliminary analysis of President Trump's Fiscal Year (FY) 2020 budget proposal titled, “A Budget for a Better America; Promises Kept. Taxpayers First.” The Administration released the budget request earlier this week in two parts: the budget overview last week and then this week the budget appendix and related documents detailing program level funding and policy proposals.
Harvard University’s Joint Center for Housing Studies | Improving America’s Housing 2019
In its March 12 report, “Improving America’s Housing 2019,” Harvard University’s Joint Center for Housing Studies (JCHS) found that, with new construction recovering slowly from historic lows, almost 80 percent of the nation’s 137 million homes are now at least 20 years old and 40 percent are at least 50 years old.
National Low Income Housing Coalition Report: “The Gap: A Shortage of Affordable Homes March 2019”
The National Low Income Housing Coalition (NLIHC) reports a shortage of seven million available and affordable rental homes for America’s extremely low-income (ELI) renters in its annual report, “The Gap: A Shortage of Affordable Homes 2019,” released on March 14.
IRS Publishes Resident Population Figures to Calculate 2019 Low Income Housing Tax Credit and Private Activity Bonds
On March 18, the Internal Revenue Service (IRS) released Notice 2019-19, which provides the population figures to use for calculating states' 2019 calendar-year volume limits for the Low-Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs). The Housing Credit figure for each state is the greater of the population multiplied by $2.75625 or $3,166,875. The PAB cap is the greater of the population multiplied by $105 or $316,745,000.
Driving the HFA and Housing Message
Why do some messages and media resonate with policymakers and others do not? What are the most effective ways to drive positive coverage — and respond to negative attention? What are the most compelling affordable housing stories and the best ways to tell them? Get tips and techniques from top communications pros.
ACTION Statement for Ways and Means Hearing on Infrastructure
For the Ways and Means' Infrastructure Hearing, the ACTION Campaign submitted a statement for the record arguing that the Housing Credit plays an important role in combating the affordable housing infrastructure deficit our nation faces.
Housing Finance Reform Letter to Acting FHFA Director Otting
Below is a letter regarding housing finance reform to Acting Federal Housing Finance Agency (FHFA) Director Otting, signed by twenty-eight housing stakeholders, emphasizing the vital role that Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSEs), play in the housing finance and mortgage market.
