• February 27, 2015
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    On February 26, House Ways and Means Committee members Pat Tiberi (R-OH) and Richard Neal (D-MA) introduced H.R. 1142, which would permanently establish the 9 percent and 4 percent acquisition Housing Credit rate floors. The bill, which is essentially identical to legislation Tiberi and Neal introduced in the last Congress, already has bipartisan support. Of the 18 original cosponsors, including the bill’s lead sponsors, nine are Republicans and nine are Democrats.

  • February 27, 2015
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    On February 26, NCSHA joined other members of the Municipal Bonds for America coalition in a letter to Community Development and Infrastructure Working Group co-chairmen, Senator Dean Heller (R-NV) and Senator Michael Bennett (D-CO), in support of the tax-exempt status of municipal bonds, including qualified private activity bonds.

  • February 24, 2015
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    The MacArthur Foundation and the Urban Land Institute (ULI) recently launched a new online resource designed to explore the links between quality affordable housing and tangible social benefits, including public health, educational performance, and economic stability. The digital platform is intended to provide a user-friendly resource portal combining interdisciplinary research papers, reports, news, and original stories in a way that informs and promotes action for affordable housing.

  • February 18, 2015
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    This week, NCSHA responded to HUD’s re-opening of the public comment period on the Affirmatively Furthering Fair Housing (AFFH) proposed rule to garner additional comments on whether HUD should delay the first Assessment of Fair Housing (AFH) submission deadline for states and other targeted entities.

  • February 12, 2015
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    HUD Secretary Julián Castro appeared before a hearing of the House Financial Services Committee yesterday to discuss the financial health of the Federal Housing Administration (FHA). During the hearing, Republican and Democratic Committee members engaged Secretary Castro and each other about FHA’s recent decision to lower the annual premiums it charges borrowers to insure most single-family loans.

  • February 12, 2015
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    The Urban Land Institute's (ULI) Robert C. Larson Housing Policy Leadership Awards submission period is currently open. The awards, named after a former ULI trustee and ULI Foundation chairman, aim to honor local and state initiatives, programs, and policies that support and promote the production, rehabilitation, or preservation of affordable housing. Applicants for the awards must be a state (or a department or office within a state) or a unit of a local jurisdiction. The programs or policies submitted for the awards must have at least 25 percent of the units dedicated to households earning up to 120 percent of the HUD area median income (AMI). Exceptions can be made to the AMI requirement for programs and policies based in very high-cost areas if the applicant demonstrates the need for the initiative.

  • February 5, 2015
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    st week, the Federal Housing Finance Agency (FHFA) announced that it was proposing new minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. All Seller/Servicers, whether bank-affiliated or non-bank servicers, would have to meet these standards to be eligible to do business with Fannie Mae and/or Freddie Mac.

  • February 4, 2015
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    On February 3, 2015, HUD released its Worst Case Housing Needs: 2015 Report to Congress summary report. This report is the 15th in a biannual series that HUD prepares for Congress, using the latest American Housing Survey, to discuss trends and causes of worst case housing needs. HUD plans to release the full report this spring.

  • February 3, 2015
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    On February 2, 2015 the Administration sent Congress its FY 2016 Budget, proposing funding for all federal programs, including HUD and the Department of Agriculture’s (USDA) rural housing programs. NCSHA has posted on its website a preliminary analysis of the Budget’s housing proposals and will provide a more comprehensive analysis soon.

  • February 2, 2015

    The National Development Council (NDC) is soliciting applications for its NDC Academy 2015 Awards . NDC Academy will take place in Washington, DC from May 12-14. NDC uses the awards to highlight successful projects from around the country and provide NDC Academy attendees an opportunity to examine and apply successful practices to their local communities.