NCSHA

NCSHA

Treasury Details ERA 2 Reallocation Process

The Department of the Treasury published plans for reallocation of unspent dollars from the Emergency Rental Assistance program authorized under the American Rescue Plan Act (ERA 2). 

IRS

NCSHA Urges IRS and Treasury to Extend Housing Credit COVID-19 Relief

NCSHA sent the Internal Revenue Service and U.S. Department of the Treasury a letter urging them to extend certain temporary Housing Credit relief provisions in light of the COVID-19 pandemic’s continuing disruption of development and construction activities and the ongoing operation of Housing Credit properties.

QAP Wyoming

NCSHA Announces Newly Elected Board Officers and Directors

The National Council of State Housing Agencies held its Board of Directors election on October 26 during the association’s 2020 Annual Conference & Showcase. Nominated from among, and voted on by the executive directors of the member state housing finance agencies, NCSHA’s newly elected Board officers are:

IRS

NCSHA Matrix on IRS Regulatory Relief

The National Council of State Housing Agencies (NCSHA) released a matrix comparing the LIHTC accommodations NCSHA is requesting from the IRS to those allowed under existing IRS Revenue Procedures 2014-49 and 2014-50, which provide relief in instances of Presidentially-declared Major Disasters, and to recent IRS Notice 2020-23, which extends certain program deadlines until July 15, […]

IRS

NCSHA Matrix on IRS Regulatory Relief

The National Council of State Housing Agencies (NCSHA) released a matrix comparing the LIHTC accommodations NCSHA is requesting from the IRS to those allowed under existing IRS Revenue Procedures 2014-49 and 2014-50, which provide relief in instances of Presidentially-declared Major Disasters, and to recent IRS Notice 2020-23, which extends certain program deadlines until July 15, […]

ahtcc

NCSHA, AHTCC, Novogradac and Enterprise Launch COVID-19 Websites

The National Council of State Housing Agencies (NCSHA) launched a new COVID-19 Resources website that complies guidance from federal agencies, state housing agencies and general resources on the pandemic. To suggest a resource for this page, or if you have a question, please contact NCSHA. The Affordable Housing Tax Credit Coalition’s (AHTCC) resource page is […]

Florida

NCSHA, EIG Publish Three Case Studies on Affordable Housing in Opportunity Zones

The National Council of State Housing Agencies (NCSHA) and the Economic Innovation Group (EIG) published three case studies of developments that incorporate Opportunity Zone investment to create new affordable homes and support community revitalization efforts in Ohio, Maryland and Florida. These are the first in a new series of Opportunity Zone Development Profiles that detail project financing, community socioeconomic data and projected economic impact. The profiles demonstrate how Opportunity Zone investments are being utilized to develop affordable homes for very-low- to moderate-income households, and how that investment is furthering community revitalization efforts and enhancing positive community impact.

NCSHA

NCSHA Releases Updated Model LIHTC Compliance Forms

NCSHA released revamped model forms for LIHTC compliance monitoring, developed in collaboration with its members and stakeholders. NCSHA’s Recommended Practices in LIHTC Administration encourage housing finance agencies to adopt model forms, which help standardize compliance monitoring practices across states and create efficiencies for development owners and other LIHTC industry professionals.

NCSHA

NCSHA Asks IRS to Rescind LIHTC Compliance Monitoring Regulations

The National Council of State Housing Agencies (NCSHA) sent a letter to the Internal Revenue Service urging it to rescind its recent amendments to the LIHTC compliance monitoring regulations.

IRS

NCSHA Urges Treasury and IRS to Provide Guidance to HUD on Income Limits for Income Averaging Developments

The National Council of State Housing Agencies sent a letter to the Department of the Treasury and IRS urging them to expedite guidance to HUD on how it should establish income limits for the 20, 30, 40, 70, and 80 percent of area median income (AMI) levels necessary for Housing Credit projects that elect to use the average income test for their minimum set-asides.

NCSHA

NCSHA Publishes Opportunity Zone Fund Directory

The National Council of State Housing Agencies has published an online “Opportunity Zone Fund Directory,” which is a compilation of Opportunity Zone funding opportunities. This resource provides descriptions and contact information for publicly-announced funds that have been formed for the purpose of attracting investment in Opportunity Zones. NCSHA is tracking only multi-project opportunity funds.  NCSHA […]

NCSHA

NCSHA Announces New Board of Directors

The National Council of State Housing Agencies (NCSHA) held its 2018 Board election on October 14 in Austin during the association’s 48th Annual Conference & Showplace. Voted on by the member state housing finance agencies (HFAs), NCSHA’s newly-elected Board officers are: President: Tia Boatman Patterson | California Housing Finance Agency Vice President: Scott Spivey | […]

[Page 1 of 2 ]