Resources
Downpayment Toward Equity Act
The Downpayment Toward Equity Act, H.R. 4495, would establish a grant program for states and other eligible entities to be used for down payment assistance to first-generation home buyers. This version of the legislation was reported favorably by the Financial Services Committee on June 23, 2022, after being adopted as a substitute amendment.
NCSHA Letter to House Financial Services Committee Chair on Downpayment Toward Equity Act
This letter sent to House Financial Services Committee Chair Maxine Waters (D-CA) on June 13, 2022, expresses NCSHA’s support for the Downpayment Toward Equity Act (H.R. 4495) and thanks Waters for scheduling it for a committee vote. On June 23 the committee voted to favorably report the bill to the full House of Representatives, after its initial markup had been postponed.
NCSHA/NAHB-Hosted Congressional Briefing on LIFELINE Act
NCSHA partnered with the National Association of Home Builders to host a June 6, 2022, virtual briefing for congressional staff on the LIFELINE Act (LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act; S. 4181/H.R. 7078), which would allow states and local governments to loan Coronavirus State and Local Fiscal Recovery Funds to Housing Credit developments.
ACTION Campaign Recommendations for IRS/Treasury 2022-23 Priority Guidance Plan
This June 3, 2022, letter provides The ACTION Campaign’s recommendations to the Internal Revenue Service and Treasury Department for their 2022–23 Priority Guidance Plan.
NCSHA Recommendations for IRS/Treasury 2022-23 Priority Guidance Plan
This June 3, 2022, letter provides NCSHA’s recommendations to the Internal Revenue Service and Treasury Department for their 2022–23 Priority Guidance Plan.
Congressional Letter to Treasury and IRS on Average Income Test
This May 26, 2022, letter from Senators Michael Bennet (D-CO), Todd Young (R-IN), Rob Portman (R-OH), Ron Wyden (D-OR), and Mike Crapo (R-ID) and Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Donald Beyer (D-VA), and Richard Neal (D-MA) urges the Treasury Department and Internal Revenue Service to expedite release of the final rule on the Housing Credit Average Income Test in a manner that is workable and responsive to Housing Credit industry feedback.
HOME Coalition Letter to HUD Secretary Supporting HOME Modernization
NCSHA, along with 30 organizations, sent this letter to U.S. Department of Housing and Urban Development Secretary Marcia Fudge to commend HUD and the Biden-Harris Administration’s commitment to advancing HOME.
NCSHA Comments to the Department of Labor on Davis-Bacon Regulations
NCSHA submitted these comments to the Department of Labor’s Wage and Hour Division in response to its March 18 Notice of Proposed Rulemaking.
Fact Sheet: Fiscal Recovery Funds and the Housing Credit
This document addresses frequently asked questions about Coronavirus State and Local Fiscal Recovery Funds and the challenges of using these resources with the Housing Credit. It also describes the NCSHA-endorsed LIFELINE Act, proposed legislation that would align these two programs.
