Resources
2025 Rule Updating, Streamlining HOME Investment Partnerships Program
On January 6, 2025, the U.S. Department of Housing and Urban Development finalized updates to the HOME Investment Partnerships program regulations, aiming to streamline requirements, align them with other federal housing programs, and incorporate recent statutory amendments.
Treasury Department Blog Highlights Housing Credit Best Practices to Discourage Qualified Contracts and Keep Housing Affordable Longer
On December 12, 2024, the U.S. Department of Treasury published the blog post, “Housing Crisis in Focus: LIHTC Best Practices to Discourage Qualified Contracts and Keep Housing Affordable for Longer.” The post highlights state Housing Credit agency best practices to discourage the use of qualified contracts as a means of removing the affordability restrictions from properties before the end of their extended use periods.
U.S. Treasury Department Emergency Rental Assistance Frequently Asked Questions (Updated as of March 5, 2024)
This FAQ document provides guidance regarding the Emergency Rental Assistance program enacted in the Consolidated Appropriations Act of 2021.
Model Compliance Forms for Housing Credit Developments
All state Housing Credit agencies require Housing Credit development owners and managers to use specific forms in their compliance reporting. The National Council of State Housing Agencies, in collaboration with our members and stakeholders, developed the 2024 Model Compliance Forms for Housing Credit Developments for agencies to provide to development owners, managers, and other Housing Credit industry professionals:
IRS Revenue Procedure 2024-41 (National Pool)
Revenue Procedure 2024-41 (published within Internal Revenue Bulletin 2024-47) provides the Housing Credit National Pool amounts for qualified states for calendar year 2024. Twenty-nine states received unused Housing Credit carryovers from the National Pool.
NCSHA’s 2024 Election Analysis
NCSHA offers this analysis of the 2024 election results.
NCSHA Comments to FHFA on Proposed Enterprise Affordable Housing Goals for 2025 – 2027
On October 28, 2024, NCSHA submitted comments in response to the Federal Housing Finance Agency’s proposed affordable housing goals for Fannie Mae and Freddie Mac for 2025 – 2027. NCSHA expressed support for FHFA’s proposal to maintain strong single-family goals with added flexibility and urged the agency to increase the multifamily goal for homes affordable to low-income households.
Coalition Letter to Ways and Means Community Development Tax Team on Mortgage Insurance Premium Tax Deduction
On October 15, 2024, NCSHA joined other mortgage lending associations and consumer advocates on a letter to the House Ways and Means Committee Republican Community Development Tax Team urging them to reinstate and expand the federal tax deduction for mortgage insurance premiums.
ACTION Campaign Letter to House Ways and Means Community Development Tax Team
The ACTION Campaign, led by NCSHA and Enterprise Community Partners, submitted this letter to the House Ways and Means Committee’s Republican Community Development Tax Team on the Affordable Housing Credit Improvement Act and the ways it would strengthen and expand the housing credit.
