• November 06, 2017

    House Republican leaders on November 2 released their tax reform bill, the Tax Cuts and Jobs Act, H.R. 1, in advance of a Committee mark-up scheduled to begin November 6 at 12:00 p.m. The bill eliminates tax-exempt private activity bonds (PABs), including both multifamily and single-family Housing Bonds, for bonds issued after 2017. In addition to eliminating tax-exempt PABs, the bill repeals the related Mortgage Credit Certificate (MCC) program. The Municipal Bonds for America organization, of which NCSHA is a member, sent Congress a letter opposing the elimination of tax-exempt PABs.

  • November 06, 2017

    House Republican leaders on November 2 released their tax reform bill, the Tax Cuts and Jobs Act, H.R. 1, in advance of a Committee mark-up scheduled to begin November 6 at 12:00 p.m. The bill eliminates tax-exempt private activity bonds (PABs), including both multifamily and single-family Housing Bonds, for bonds issued after 2017. In addition to eliminating tax-exempt PABs, the bill repeals the related Mortgage Credit Certificate (MCC) program. The ACTION Campaign, which NCSHA co-chairs, also released a statement about the impact of the bill on the Housing Credit.

  • November 06, 2017

    House Republican leaders on November 2 released their tax reform bill, the Tax Cuts and Jobs Act, H.R. 1, in advance of a Committee mark-up scheduled to begin November 6 at 12:00 p.m. The bill eliminates tax-exempt private activity bonds (PABs), including both multifamily and single-family Housing Bonds, for bonds issued after 2017. In addition to eliminating tax-exempt PABs, the bill repeals the related Mortgage Credit Certificate (MCC) program. NCSHA released a statement expressing our concerns about the bill.

  • September 05, 2017

    NCSHA, along with nearly 60 other organizations, sent a letter of support for the nomination of Pam Patenaude to be the HUD Deputy Secretary to Senate Leadership

  • September 01, 2017

    NCSHA Letter to Senate Leadership in Support of Pam Patenaude's Senate Confirmation as HUD Deputy Secretary

  • August 01, 2017

    NCSHA President Grant Whitaker, who serves as president and chief executive officer of the Utah Housing Corporation, testified on behalf of NCSHA before the Senate Finance Committee on August 1st.

  • July 17, 2017

    On behalf of our Housing Finance Agency (HFA) members, the National Council of State Housing Agencies (NCSHA) appreciates this opportunity to provide comments to the Senate Finance Committee on how the Committee can reform the current tax system in ways that further strengthen proven housing resources—specifically the Low Income Housing Tax Credit (Housing Credit) and tax-exempt private activity Housing Bonds (Housing Bonds)—thereby helping grow the economy, create jobs, and improve the lives of households across the nation. These critical programs, which HFAs administer in virtually every state, are essential to our nation’s ability to develop affordable rental housing and provide homeownership opportunities to people of modest means.

  • July 10, 2017

    HFAs have a strong history of working with the GSEs to create affordable multifamily and single-family housing opportunities. NCSHA is pleased that both Fannie Mae and Freddie Mac have proposed in their Underserved Market Plans to build on these partnerships and collaborate with HFAs in their efforts to support underserved communities and markets. Several HFAs have already started to engage with the GSEs on initiatives to help the GSEs reach their Duty to Serve objectives.

  • June 14, 2017

    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.

  • June 14, 2017

    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.