Resource Center

Looking for talking points or FAQs to prepare for a meeting on Capitol Hill? A copy of NCSHA’s annual Factbook? Housing research and analysis? A presentation from a recent conference to share with a colleague? A reference guide for Housing Credit, HOME, MRBs, or Section 8 program administration? You’ve come to the right place: The NCSHA Resource Center is your source for this important information and much more. Refer to the right sidebar to see resource categories or use the search bar to search resources by topic.

NCSHA Members: Looking for a specific resource from a past event or conference? Please contact us for assistance.

Emergency Housing Assistance Updates

IRS Revenue Ruling 2024-05: Qualified Disaster Zones in 2021 and 2022 and State Housing Credit Ceilings

This notice holds that if one or more of a State’s allocations, under section 305 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, to qualified disaster zones in 2021 or 2022 are returned after 2022, then the returned housing credit dollar amounts are part of the overall Returned Credit Component of a State’s housing credit ceiling in the year of return. As such, reallocations of these returned amounts are not restricted to projects located in qualified disaster zones.

Sign-On Letter Supporting Tax Bill Housing Provisions Sent to Senate Leaders

On February 7, 2024, NCSHA led 120 national and statewide affordable housing and community development organizations in a letter sent to Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell expressing strong support for the affordable housing supply investment included in the bipartisan, bicameral Tax Relief for American Families and Workers Act.

NCSHA List of HOME State Participating Jurisdictions

State Participating Jurisdictions administering the HOME Investment Partnerships Program.

Guide for Completing IRS Form 8823

This Audit Technique Guide provides guidance to Housing Credit Allocating Agencies on reporting noncompliance or building disposition using IRS Form 8823. The document is not an official pronouncement of the law or the position of the Service and cannot be used, cited, or relied upon as such. The guide is current through the revision date. Since changes may have occurred after the revision date that would affect the accuracy of this document, no guarantees are made concerning the technical accuracy after the revision date (1/24/2024).

NCSHA Leads Letter to Congress Supporting Housing Provisions in Tax Bill

On January 18, 2024, NCSHA and 87 leading national and statewide affordable housing and community development organizations sent a letter to Senator Ron Wyden, Chairman of the Senate Finance Committee, and Representative Jason Smith, Chairman of the House Ways and Means Committee, expressing strong support for the investment in affordable housing supply in the bipartisan, bicameral Tax Relief for American Families and Workers Act.

NCSHA Comment Letter to Federal Banking Regulators on Modified Bank Capital Standards

On January 16, 2024, NCSHA commented on a July 27, 2023, Notice of Proposed Rulemaking (NPR) issued by federal banking regulatory agencies — the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — modifying the bank capital standards for large banks. In the letter, NCSHA opposed provisions in the NPR that would increase bank capital standards for all high loan-to-value home purchase mortgages and tighten capital rules for mortgage servicing rights. NCSHA also urged regulators to reduce the amount of capital large banks are required to hold for Housing Bond investments and affordable housing properties financed by the Housing Credit.

Tax Relief for American Families and Workers Act of 2024: Fact Sheet and Summary

The Tax Relief for American Families and Workers Act of 2024 proposed by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chair Jason Smith (R-MO) would restore the 12.5% increase in Housing Credit authority for calendar years 2023, 2024, and 2025 and lower the bond financing test to 30 percent for projects financed with bonds issued before 2026 and placed in service after December 31, 2023, which would allow financing of more than 200,000 new rental homes with the Housing Credit and multifamily Housing Bonds.

NCSHA Joins Letter on the Regulatory Bank Capital Rule

NCSHA and 18 other organizations sent this January 16, 2024, letter to Chairman Martin Gruenberg of the Federal Deposit Insurance Corporation, Vice Chair Michael Barr of the Board of Governors of the Federal Reserve System, and Acting Comptroller Michael Hsu of the Office of the Comptroller of the Currency addressing the Housing Credit and the Bank Capital Rule. The letter urged an application of a lower risk weight of 50 percent to Housing Credit properties in recognition of the strong historic performance of these properties and the importance of supporting robust investment in affordable housing.

HUD Notice on Changes to the Methodology Used for Calculating Section 8 Income Limits

On January 10, 2024, the U.S. Department of Housing and Urban Development (HUD) published this notice in the Federal Register setting an annual cap of 10 percent on income limit increases for housing financed by Housing Credits, private activity bonds, and various HUD programs, including Section 8. The previous cap was five percent or twice the annual percentage change in median family income. Comments on the notice will be accepted through February 9, 2024, but HUD requests that comments are limited to responses to six provided questions.

NCSHA Comments on Proposed Changes to FHA 203(k) Rehabilitation Mortgage Program

On January 5, 2024, NCSHA submitted comments on a draft Mortgage Letter submitted by HUD proposing updates to the Federal Housing Administration’s (FHA) 203(k) Rehabilitation Program. In the letter, NCSHA thanks HUD for working to improve the 203(k) program and expresses support for the proposal to increase the maximum program loan amount.