- Moody's: White House Expands Mortgage Relief Through State Agencies, a Credit Positive
The following is a report by Standard & Poor's Rating Services.- The September 2010 Housing Credit percentages are as follows: 7.65% for the 70% Present Value Credit 3.28% for the 30% Present Value Credit
- On July 28, the House passed legislation to keep the Federal Housing Administration (FHA) multifamily loan programs, including the FHA-HFA Risk-Sharing program, running through the end of this fiscal year. NCSHA and other groups signed a letter supporting the bill and urging Congress to enact it quickly.
- Letter to Senate and House Appropriations Committees' leadership requesting funding for USDA’s Multifamily Preservation and Revitalization (MPR) program and the Preservation Revolving Loan Fund (PRLF) in FY 2011 appropriations.
- NCSHA’s GSE reform paper calls on the Administration and Congress to establish a powerful commitment to affordable housing within any future housing Government-Sponsored Enterprises or other secondary market entities and to build upon the productive partnerships the existing GSEs and HFAs have formed to expand housing opportunity in this country.
NCSHA’s letter on the FHLB affordable housing goals urges the FHFA to eliminate or reduce its proposed mortgage purchase volume threshold so the goals will apply to more FHLBs and to expand the scope of the Federal Home Loan Banks’ affordable housing goals to additional FHLB housing finance activities.- NCSHA’s letter on Fannie Mae and Freddie Mac’s duty to serve underserved markets supports the proposed rule’s efforts to encourage the GSEs to increase their support of affordable housing activities in preservation, manufactured housing, and rural areas and the rule’s support of GSE partnerships with HFAs.
