• July 28, 2015

    We were deeply concerned by the House and Senate approaches to funding HOME in FY 2016. The House bill does nothing to restore cuts HOME has suffered in recent years and only provides $767 million in appropriated funds, down from $900 million in FY 2015 and 58 percent less than in FY 2010. The bill also contains a highly objectionable transfer that would essentially eliminate a new housing resource---the National Housing Trust Fund---in an attempt by the Appropriations Committee to fund HOME at its record low $900 million level.

  • July 23, 2015

    NCSHA and our HFA members have worked in close partnership with Treasury and IRS since the Housing Credit program’s creation in 1986 to ensure its proper administration. Over these nearly three decades, the Housing Credit has become our nation’s most effective federal housing tool, responsible for the production and preservation of some of the highest quality affordable rental housing ever produced with a federal resource

  • June 25, 2015

    The HOME Coalition, with its more than 35 national and regional member organizations representing all aspects of affordable housing activity, calls on Senate appropriators to reject the THUD Subcommittee’s severe reduction in funding for the HOME Investment Partnerships (HOME) program for FY 2016. The Subcommittee-reported bill reduces HOME funding by a shocking 93 percent, leaving only $66 million to be divided by approximately 650 participating jurisdictions. Such a cut would, in effect, eliminate the program.

  • June 15, 2015

    Although both the NHTF and HOME provide funding for affordable housing, they serve different populations - neither of which can afford further reductions in assistance. While HOME focuses on providing housing for a range of low-income households, the NFITF is the only federal program that provides new money specifically to expand the supply of rental housing affordable to extremely low income (ELI) households, who in most of the country earn
    less than the federal poverty level.

    Neither the NHTF nor HOME provide sufficient funding to meet current housing needs, and funding for HOME already has been cut by more than half since FY 2010. Yet the need for affordable rental housing is higher than ever. ELI families face a national shortage of 7.1 million affordable rental units, and half of U.S. renters - nearly 41 million households, 9 million more than a decade earlier - were paying more than 30 percent of their income for housing in 2012.

  • May 12, 2015

    As the House Committee on Appropriations considers the Fiscal Year (FY) 2016 Transportation, Housing and Urban Development (THUD) Appropriations bill, we urge you to reconsider its devastating cuts to the HOME Investment Partnerships Program (HOME) and the attempt to offset these cuts by transferring all funding from the Housing Trust Fund (HTF), effectively eliminating HTF—a yet-to-be fully realized but critical tool to address the growing affordable housing crisis in this country. Not only should Congress not further reduce HOME resources, but it should restore at least some of the funding cut from the program in recent years.

  • May 05, 2015

    On May 1, 2015, NCSHA submitted comments to the U.S. Department of Agriculture (USDA) providing feedback on USDA's March 5, 2015 proposed rule (RHS-15-SFH-0004-0001) establishing a definition of “qualified mortgage” (QM) that will apply to single-family loans insured through USDA’s Single Family Housing Guaranteed Loan Program (SFHGLP).

  • May 04, 2015

    As the Washington representative of the agencies that administer the Housing Credit and Bond programs, including the Mortgage Credit Certificate program, in all 50 states, the District of Columbia, New York City, Puerto Rico, and the U.S. Virgin Islands, the National Council of State Housing Agencies (NCSHA) appreciates the Treasury Department’s and IRS’ expert oversight of these programs, your continued cooperative attitude toward NCSHA and state housing agencies, and your timely provision of program guidance.

    To support continued effective state administration of the Housing Credit and Housing Bond programs, we urge you to issue the following guidance as quickly as possible.

  • April 22, 2015

    HFAs Administer a wide range of affordable housing and community development programs, including HOME, Section 8, homelesness assistance, down payment assistance, state housing trust funds, tax-exempt Housing Bonds, and the Housing Credit. HFAs effectively employ these resources to advance the common public-purpose mission of providing affordable housing to the people of their jurisdictions who need it.

  • April 16, 2015

    The Affordable Rental Housing ACTION (A Call To Invest in Our Neighborhoods) Campaign is a national, grassroots coalition focused on supporting investment in affordable rental housing. The campaign represents a broad cross-section of nearly 900 organizations and businesses dedicated to creating and preserving affordable homes for low-income families using the Low-Income Housing Tax Credit (Housing Credit) and multifamily tax-exempt private activity housing bonds (Housing Bonds). A full list of ACTION Campaign members is attached.

  • April 16, 2015

    The Municipal Bonds for America Coalition1 (MBFA) appreciates the opportunity to comment on proposals to improve the nation’s federal income tax system as it relates to community development and infrastructure. MBFA is a non-partisan stakeholder coalition of municipal bond issuers, State and local government officials, and regional broker dealers working together to explain the many benefits of municipal bonds, highlighting the federal tax-exemption which enables financing of vital infrastructure projects at the lowest cost to residents while maintaining the integrity and value of the municipal bond market and providing the highest quality investments for municipal bond investors.