Resources
NCSHA Letter to HUD on Homelessness Assistance and Supportive Services Through HOME (HOME-ARP)
In this April 16 letter, NCSHA urges the U.S. Department of Housing and Urban Development to quickly issue guidance on the $5 billion for homelessness assistance and supportive services through the HOME Investment Partnerships program in the American Rescue Plan (HOME-ARP). The letter also includes recommendations on waivers and suspensions state HFAs will need to implement this program.
The Affordable Housing Credit Improvement Act of 2021 (S. 1136/H.R. 2573)
This legislation, introduced by Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH) and its identical House companion legislation introduced by Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad Wenstrup (R-OH) would expand the improve the Low Income Housing Tax Credit program, including by raising the Housing Credit volume cap by 50 percent, lowering the bond finance threshold to 25 percent, and making other programmatic changes allowing the Housing Credit to better reach hard-to-reach populations, streamline program rules, and allow for more preservation of affordable housing.
NCSHA-Commissioned Novogradac Report: Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond-Financed Properties
On behalf of NCSHA, Novogradac conducted this report on the results of lowering the 50 percent financed-by threshold for 4 percent Housing Credit properties, analyzing the outcomes related to bond cap and multifamily production levels if the financed-by threshold were to be lowered to 40 percent, 33 percent, or 25 percent. This report updates a previous report on the financed-by threshold Novogradac conducted for NCSHA in 2020. The analysis is updated to account for the minimum 4 percent Housing Credit rate established in 2020 year-end legislation and updated Congressional Budget Office inflation projections.
IRS Notice 2021-28: Public Recommendations on Items to be Included on the 2021-2022 Priority Guidance Plan
This Notice invites public comments on items the U.S. Department of the Treasury and Internal Revenue Service should consider including in their 2021-2022 Priority Guidance Plan, which identifies guidance projects on which Treasury and IRS intend to actively work during the period from July 1, 2021, to June 30, 2022. Comments are due by May 28.
Homeowner Assistance Fund Program Guidance and Allocation Formula
On April 14, Treasury released program guidance and the formula for dispersing funds to states and territories for the Homeowner Assistance Fund.
Housing Trust Fund 2021 Formula Allocations
This document provides the amount of Housing Trust Fund dollars each state receives in FY 2021.
CDC Eviction Moratorium Order Questions and Answers for Office of Multifamily Housing Stakeholders
This document from the U.S. Department of Housing and Urban Development provides questions and answers for stakeholders of the Office of Multifamily Housing related to the Centers for Disease Control and Prevention order to temporarily halt residential evictions, including its extension until June 30, 2021.
IRS Revenue Procedure 2021-19
Revenue Procedure 2021-19 provides guidance with respect to the United States and area median gross income figures for use by issuers of qualified mortgage bonds under § 143(a) of the Internal Revenue Code and issuers of mortgage credit certificates under § 25(c) (collectively, “issuers”) in computing the income requirements under § 143(f).
NCSHA Summary of Homelessness Assistance and Supportive Services Program Under HOME
This summary provides the details of the HOME Investment Partnerships Homeless Assistance and Supportive Services program included in the American Rescue Plan Act.
