NCSHA Updates Recommended Practices for Housing Credit Administration

Last month, the National Council of State Housing Agencies (NCSHA) issued the Task Force on Recommended Practices in Housing Credit Administration’s (Task Force) final report, which updates the organization’s guidance on administering the Housing Credit. Over an 18-month period the Task Force revised NSCHA’s previous recommendations to respond to current program challenges and opportunities, and incorporated 13 new practices related to Housing Credit allocation, underwriting and compliance monitoring. Recommendations include supporting the preservation of affordable housing, promoting choice and opportunity for Housing Credit residents, encouraging fair housing compliance, and ensuring reasonable development costs.