Resources
Alaska Housing Finance Corporation: Staying on Top of Coronavirus
While COVID-19 brings uncertainty, AHFC is determined to keep Alaskans safe and healthy. Find information on about AHFC mortgages, resources for public housing tenants, and tools for landlords. Learn more about how AHFC has modified operations to meet COVID-19 mandates while still fulfilling its mission.
House Housing Credit Champions’ Letter to Leadership on Program Needs During COVID-19 Pandemic
On April 16, Representatives Suzan DelBene (D-WA), Kenny Marchant (R-TX), Donald Beyer (D-VA), and Jackie Walorski (R-IN), the four lead sponsors of the Affordable Housing Credit Improvement Act (H.R. 3077) sent House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) this letter urging them to enact a minimum 4 percent Housing Credit rate and consider lowering the “50 percent test” for multifamily Housing Bond-financed properties in the next COVID-19 response package.
Archive: COVID-19 Related News
The most recent COVID-19 news and analyses are available on NCSHA’s main COVID-19 Resources page. Articles previously posted on that page are archived below.
IRS Revenue Procedure 2018-58
IRS Revenue Procedure 2018-58 provides a list of time-sensitive actions, including several Housing Credit and tax-exempt bond deadlines, that may be extended for taxpayers affected by a federally declared disaster.
Letter from Ways and Means Chairman Neal and Representative DelBene to Treasury Secretary Mnuchin on Housing Credit Regulatory Flexibility During COVID-19 Crisis
House Ways and Means Chairman Richard Neal (D-MA) and Representative Suzan DelBene (D-WA) sent Treasury Secretary Steven Mnuchin this letter in support of regulatory relief for the Housing Credit program needed during the COVID-19 crisis.
IRS Notice 2020-23: Taxpayer Relief for COVID-19
This Notice provides relief to taxpayers affected by the coronavirus pandemic. Among other things, the notice automatically extends several Housing Credit and tax-exempt bond deadlines referenced in IRS Revenue Procedure 2018-58. The notice also extends the 180-day deadline to invest capital gains in a Qualified Opportunity Fund to July 15 for taxpayers with a deadline between April 1 and July 15.
IRS Releases Guidance on Filing Amended Partnership Tax Returns
On April 8, the IRS released Revenue Procedure 2020-23, providing guidance on filing amended partnership tax returns to take advantage of the bonus depreciation changes in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as well as other tax incentives.
Support for NCSHA’s Letter to IRS, Treasury on Emergency Housing Credit Program Measures Due to COVID-19 Pandemic
On March 23, 2020, NCSHA sent a letter calling on the Internal Revenue Service and U.S. Department of the Treasury to take immediate steps to ease Housing Credit deadlines and provide other needed program accommodations due to social distancing during the COVID-19 pandemic. Here are three letters supporting NCSHA’s call to action.
NCSHA Comments on OCC and FDIC Joint CRA Advanced Notice of Proposed Rulemaking
On April 8, NCSHA sent a letter to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) in response to their joint January 9 Advanced Notice of Proposed Rulemaking and Request for Comments on proposed amendments to Community Reinvestment Act regulations.
