Fact Sheets and FAQs

Mortgage Credit Certificate Program Q&A

What is the Mortgage Credit Certificate (MCC) Program? The MCC program is a home buyer assistance program designed to help lower‐income families afford home ownership. The program allows home buyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000. The remaining mortgage interest paid may still be calculated as an itemized deduction.

NCSHA Updated Budget Chart for Select HUD and USDA Housing Programs

NCSHA's FY2024 Budget Chart for select U.S. Department of Housing and Urban Development and Department of Agriculture housing programs.

Section-by-Section Analysis of the Affordable Housing Bond Enhancement Act

The attached document provides a section-by-section description of the Affordable Housing Bond Enhancement Act, which was introduced on April 28, 2025, by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA). The legislation would enact many of NCSHA’s long-standing priorities for strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs.

FAQs: Neighborhood Homes Investment Act of 2025

This NCSHA document responds to pertinent questions regarding the Neighborhood Homes Investment Act introduced by Representatives Mike Kelly (R-PA) and John Larson (D-CT) on April 10, 2025. This bill, which is one of NCSHA’s top legislative priorities, establishes a federal tax credit targeted to the new construction or substantial rehabilitation of affordable owner-occupied housing located in distressed urban, suburban, and rural neighborhoods.

NCSHA Summary of Neighborhood Homes Investment Act

This document provides a detailed summary of the Neighborhood Homes Investment Act, which was introduced by Representatives Mike Kelly (R-PA) and John Larson (D-CT) on April 10, 2025. This bill, which is one of NCSHA’s top legislative priorities, establishes a federal tax credit targeted to the new construction or substantial rehabilitation of affordable, owner-occupied housing located in distressed urban, suburban, and rural neighborhoods.

Housing Credit Program FAQs

The Low Income Housing Tax Credit (Housing Credit) is a federal tax credit created by President Reagan and Congress in the Tax Reform Act of 1986 designed to encourage private sector investment in the new construction, acquisition, and rehabilitation of rental housing affordable to low-income households. Over the last three decades, the Housing Credit has become the most successful affordable rental housing production program in history.

Tax-Exempt Housing Bonds FAQs

What are Housing Bonds? | Are Housing Bonds one of the original uses of PAB authority? | How do HFAs use Housing Bonds? | What are Mortgage Credit Certificates? | How much bond authority do states have? | What restrictions exist on the use of Housing Bonds? | Why should Congress protect Housing Bonds? | Could other tax incentives replace the need for Housing Bonds? | What does this program cost? | How could Congress maximize Housing Bonds to build more rental housing and help more first-time home buyers? | What reforms can be made to MRBs to allow HFAs to assist more home buyers?

Model Compliance Forms for Housing Credit Developments

All state Housing Credit agencies require Housing Credit development owners and managers to use specific forms in their compliance reporting. The National Council of State Housing Agencies, in collaboration with our members and stakeholders, developed the 2024 Model Compliance Forms for Housing Credit Developments for agencies to provide to development owners, managers, and other Housing Credit industry professionals:

Project-Based Section 8 Rental Assistance FAQs