Conference Materials

  • Understand essential Housing Credit income qualification rules, including treatment of wages, income from assets, Social Security payments, alimony and child support, business income, pensions and trusts, real estate income, royalties, recurring gifts, and other sources of income. Discuss which tenants to count in determining family size and the impact of changes in household composition on income qualification.

  • Explore opportunities and challenges associated with use of the Housing Credit for community revitalization and transit-oriented development. Understand the impact of recent IRS concerted community revitalization plan guidance on QAP preferences. Consider the policy implications of higher cost sites near transit and the impact of urban infill development as a catalyst for community revitalization.

    Federal Regulations and Notices

    • For calendar year 2017, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $2.35 multiplied by the State population, or (2) $2,710,000.

      For calendar year 2017, the amounts used under § 146(d) to calculate the State ceiling for the volume cap for private activity bonds is the greater of (1) $100 multiplied by the State population, or (2) $305,315,000.

    • The USDA Rural Development (RD) office on May 24 published an “Unnumbered Letter” allowing state RD offices to reallocate unused rental assistance (RA) within their states without approval from the national office, reversing a policy in place since 2013 requiring state offices to return unused RA to the national office to be recaptured.

      Fact Sheets and Policy Briefs

      • Section 101 - Average income test - Under current law, Housing Credit apartments serve renters with incomes up to 60 percent of area median income (AMI) and rents are comparably restricted. This section creates a new test that would allow the 60 percent of AMI ceiling to apply to the average of all apartments within a property rather than to every individual Housing Credit apartment. The maximum income to qualify for any Housing Credit apartment would be limited to 80 percent of AMI.

      • Key Congressional Committee Rosters for NCSHA in the 115th Congress.

        Legislation

        Advocacy Materials

        • ncsha_logo.gif

          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.

        • ncsha_logo.gif

          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.

          NCSHA Testimony, Comments, and Correspondence

          • The National Council of State Housing Agencies (NCSHA) appreciates the opportunity to comment on behalf of the state Housing Finance Agencies (HFAs) it represents on HUD regulations that may be outdated, ineffective, or excessively burdensome. Alleviating regulatory burdens will help HFAs, other HUD grantees, and other program partners stretch scarce resources to meet growing affordable housing needs. In addition, HFAs’ strong performance as partners with HUD in the administration of many key affordable housing programs shows that they deserve more flexibility and that HUD can entrust to them more program responsibility.

          • The Federal Housing Administration (FHA) plays an indispensable role in helping low-income families and other traditionally under-served populations achieve the dream of homeownership. FHA’s support for sustainable low down payment lending dovetails perfectly with HFAs’ affordable homeownership missions.

            In recent years, nearly three-quarters of HFA loans were insured by FHA. As government entities, HFAs are authorized to provide down payment assistance in connection with FHA mortgages. This is crucial because one of the biggest impediments to purchasing a home for otherwise responsible borrowers is the cost of affording a heavy down payment.

            NCSHA recommends that HUD consider the following changes to FHA policies and guidelines to improve FHA’s ability to support affordable homeownership.