National Equity Fund has been closely monitoring the ever-evolving situation with the Coronavirus and wishes to provide these documents for reference to provide the best possible care and safety of our residents.
As the COVID-19 pandemic continues to impact the affordable housing industry and the government seeks to mitigate the health and economic fallout, LIHTC properties are facing economic hardships. Read more about proactive steps your organization can consider taking to address issues caused by the virus, along with outlines of federal relief that may be available under the recent stimulus package passed by Congress.
AHTCC Recommendations to Congress for COVID-19 Relief Package
Related to the Low-Income Housing Tax Credit
The CDC provides important information on how to protect yourself, how the coronavirus spreads, what the symptoms are, and more.
Coronavirus Resource Center
The Federal Reserve Bank of New York launched the Coronvirus Resource Center where individuals, businesses, and non-profits can find out what’s available to them at the federal, state, and city level. The hub is regularly updated to connect our communities with the necessary resources.
House New Democrats Coalition Releases Recommendations for Coronavirus Response & Economic Recovery
National Alliance of Community Economic Development Associations
Launched COVID-19 Resources for Community Developers to help meet urgent needs of small businesses, tenants, homeowners and non-profit organizations.
NCSHA Letter to IRS & U.S. Dept. of Treasury
NCSHA is simultaneously leading the effort to pursue regulatory changes related to extending programmatic deadlines for the LIHTC program. On March 23, NCSHA sent the IRS and U.S. Department of Treasury a letter urging them to take immediate action to provide necessary accommodations for the Low Income Housing Tax Credit (Housing Credit) program due to the COVID-19 pandemic.
NCSHA Summary of Coronavirus Relief Legislation
The U.S. Senate passed unanimously on March 25, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, after reaching agreement among Democratic, Republican, and White House negotiators. The House is expected to pass the bill on March 27.
Podcast by Cinnaire
The COVID-19 Crisis – what it means for community development and affordable housing.
Verizon Social Media Toolkit
Verizon and LISC have joined forces to help support small businesses across the country impacted by the COVID-19 pandemic.