Federal Regulations and Notices

  • Yesterday, IRS issued a notice requesting public comments on recommendations for items that IRS should consider including in its 2015-2016 Priority Guidance Plan.

  • This revenue procedure provides guidance on the United States and area median gross income figures that are to be used by issuers of qualified mortgage bonds and by issuers of qualifying mortgage bonds and mortgage credit certificates (MCCs) when determining "high housing cost areas."

    Legislation

    • To provide tax relief for major disaster areas declared in 2012 and 2013 and for other purposes.

    • The bill extends for two years the $250 above-the-line tax deduction for teachers and other school professionals for expenses paid or incurred for books, supplies (other than non-athletic supplies for courses of instruction in health or physical education), computer equipment (including related software and service), other equipment, and supplementary materials used by the educator in the classroom. A two year extension of this provision is estimated to cost $430 million over 10 years.

      Advocacy Materials

      • CongressionalHandoutpic_Page_1.jpg

        The 2015 NCSHA Congressional Handout is available for download here. This effective tool may be used when speaking to members of Congress, state officials, and business partners alike. Filled with recent statistics and compelling graphics, this informational brochure may be used to share with your constituents the important work that HFAs do and why they do it.

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        The National Council of State Housing Agencies (NCSHA) is a national nonprofit, nonpartisan organization created by the nation’s state Housing Finance Agencies (HFAs) to advance through advocacy and education their efforts to provide affordable housing to those who need it. NCSHA’s priorities, adopted annually by its Board of Directors after consultation with all state HFAs, set the agenda for NCSHA’s advocacy before Congress, the Administration, and the federal agencies concerned with housing, including HUD, USDA, and the Treasury, as well as its business activities.

        Testimony

        • Thank you for the opportunity to provide testimony on behalf of our Housing Finance Agency (HFA) members regarding FY 2015 appropriations for HUD programs. As you consider your FY 2015 HUD appropriations bill, we urge you to restore HOME formula grant funding to $1.6 billion, equal to its FY 2011 funding level, and provide Section 8 funding adequate to renew all expiring project-based contracts for a full year, fully fund all authorized Housing Choice Vouchers (vouchers), provide new incremental vouchers in FY 2015, allocate new flexible rental assistance to state HFAs, and ensure that successful HFA project-based contract and voucher administrators continue in and are adequately compensated for these roles. We also ask you to provide authority for Ginnie Mae to securitize FHA-HFA Multifamily Risk-Sharing program loans.

        • The National Council of State Housing Agencies (NCSHA) appreciates this opportunity to comment on the Affirmatively Furthering Fair Housing (AFFH) Assessment Tool. NCSHA and its member state Housing Finance Agencies (HFAs) are committed to providing quality affordable housing opportunities for low- and moderate-income households free from discrimination. Central to our vision of an affordably housed nation is the goal of removing obstacles that impede anyone from accessing the affordable housing of their choice. NCSHA welcomes the opportunity to work with HUD to further fair housing across the nation.