• April 05, 2017

    On April 5, Senator Mark Warner (D-VA) introduced a bill in the Senate that would classify municipal bonds as high-quality liquid assets.

  • March 22, 2017

    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.

  • March 20, 2017

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

  • March 09, 2017

    Increases the annual per capita Housing Credit allocation and small state minimum by 50 percent, phased in over five years. The per capita allocation was last increased and indexed to inflation in 2004, and is currently $2.35. The current small state minimum is $2.71 million. The proposal increases these amounts, subject to inflation, to $3.53 and $4.065 million, respectively, by 2022.

  • February 13, 2017

    On February 10, NCSHA submitted comments to Treasury and IRS in response to Notice 2016-77 regarding whether Treasury and IRS should issue guidance clarifying the Low Income Housing Tax Credit (Housing Credit) statute’s required preference for projects located in a Qualified Census Tract (QCT) that are subject to a concerted community revitalization plan. NCSHA argued that further guidance from Treasury and IRS on concerted community revitalization plans is unnecessary, and that state allocating agencies—not Treasury or IRS—should set their own definitions of or criteria for concerted community revitalization plans for purposes of the statutory preference.

  • January 24, 2017

    Discuss experiences with HUD’s Rental Assistance Demonstration (RAD) program. Understand HUD requirements for RAD deals as well as innovative deal structures involving Credits, tax-exempt bonds, and HUD financing. Explore RAD program challenges including cost control, transaction complexity, implementation of project-based rental assistance, and demands on HFA resources.

  • January 24, 2017

    Consider development performance and compliance challenges in the 30-year-old Housing Credit portfolio. Assess QAP priorities for preservation, resyndication, and recapitalization financing. Examine the use of capital needs assessments and compliance issues related to rehabilitation, tenant qualification, relocation, and extended use.

  • January 24, 2017

    Compliance and management professionals share tips for effective Housing Credit physical inspections. Delve into inspection protocol, Section 504 accessibility standards, tenant file review strategies, site visit safety, and documentation of noncompliance.

  • January 24, 2017

    Learn how civil rights requirements, fair housing marketing, reasonable accommodation rules, and other related requirements impact Housing Credit compliance and management.

  • January 24, 2017

    Examine what the Affirmatively Furthering Fair Housing rule means for HOME and HTF grantees, including expectations for planning for and completing HUD-required Assessments of Fair Housing.