NCSHA

NCSHA released the 2023 update of recommended practices, which are voluntary standards in Housing Credit allocation, underwriting and compliance monitoring that all states should consider adopting.

The National Council of State Housing Agencies (NCSHA) elected its 2024 Board of Directors on October 15, during the association’s annual conference.

The National Council of State Housing Agencies (NCSHA) released the draft of its updated Recommended Practices in Housing Credit Administration (summary and red-line version).

The Environmental Protection Agency (EPA) released an implementation framework for its new Greenhouse Gas Reduction Fund (GGRF), which will invest $27 billion to finance projects that reduce greenhouse gas emissions and air pollution.

A new report from the National Council of State Housing Agencies examines the actions taken by housing finance agencies to ensure that affordable housing projects proceed.

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). 

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.

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:

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, […]

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, […]

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 […]

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.