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NCSHA PRESENTS TESTIMONY AT U.S. SENATE HEARING EXAMINING SOLUTIONS TO AMERICA’S AFFORDABLE HOUSING CRISIS
National Council of State Housing Agencies (NCSHA) President Grant S. Whitaker testified before the U.S. Senate Committee on Finance during an August 1 hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” Whitaker addressed the nation’s critical need for affordable housing and the roles the Low Income Housing Tax Credit (Housing Credit) and tax-exempt private activity Housing Bonds (Housing Bonds) play in responding to that need.
IRS RELEASES 2017 INFLATION ADJUSTMENTS FOR HOUSING CREDITS AND BONDS
On October 25, IRS published Revenue Procedure 2016-55, which outlines the inflation adjustments for nearly 50 federal tax provisions, including the amount of Low Income Housing Tax Credit (Housing Credit) authority and Private Activity Bond (PAB) authority each state will receive.
