Conference Materials

  • Explore development and compliance challenges in an aging Housing Credit portfolio. Consider Year 15 strategies for preservation, resyndication, and property disposition. Survey options for recapitalization financing, capital needs assessments, and disposition of reserve accounts. Understand compliance issues related to acquisition/ rehabilitation, qualification of existing tenants, and amendment of extended use agreements.

  • Federal officials and real estate finance experts survey deal structuring with various multifamily finance tools, including tax-exempt bonds, RAD and other HUD financing programs, and debt products from Fannie Mae and Freddie Mac.

    Federal Regulations and Notices

    Fact Sheets and Policy Briefs

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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.

    • On December 16, Speaker of the House Paul Ryan (R-WI) unveiled the Fiscal Year (FY) 2016 omnibus spending bill, providing $1.1 trillion in funding for government operations, including funding for U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) Rural Housing Service programs.

      Legislation

      • On April 15, more than 120 members of the U.S. House of Representatives signed onto a letter last week urging House Speaker John Boehner (R-OH) and Minority Leader Nancy Pelosi (D-CA) to reject proposals that would eliminate or diminish the tax-exempt status of municipal bonds.

        The letter, written by Representatives Randy Hultgren (R-IL) and Dutch Ruppersberger (D-MD), was signed by 122 House members.

      • I would like to raise awareness of a critically important program that, although not within the jurisdiction of the Committee on Financial Services, is very often used to complement and strengthen a number of the affordable rental housing programs over which this Committee and Subcommittee does have jurisdiction. That program is the Low -Income Housing Tax Credit (“Housing Credit”), which is contained in Section 42 of the Internal Revenue Code of 1986 and, as you know, is under the jurisdiction of the Committee on Ways and Means, on which I am honored to serve. The Housing Credit embodies the concept that this Subcommittee is exploring today — it serves to increase private sector participation in affordable housing. Indeed, since its enactment as part of the Tax Reform Act of 1986, the Housing Credit has been the key financial tool utilized in virtually all affordable rental housing development and preservation. It is very often used in conjunction with the programs that I understand the Subcommittee is focused on today — properties which have Section 8 assistance and public housing, particularly public housing being developed under the new Rental Assistance Demonstration program. The Housing Credit has been tremendously successful precisely because of the private participation and the public/private partnerships that are at its heart.

        NCSHA Testimony, Comments, and Correspondence