• February 14, 2017

    The United States Senate last night voted to confirm the nomination of investment banker Steve Mnuchin to serve as Secretary of the Treasury. Mnuchin was confirmed on a mostly party-line vote of 53-47. Mnuchin was sworn in shortly afterward.

  • April 20, 2016

    The U.S. Treasury Department announced today its final allocation of new funding for the Hardest Hit Fund program (HHF). Thirteen HFAs participating in HHF will receive a combined $1 billion in additional funding to support homeowner assistance and neighborhood stabilization programs. Treasury also released a FAQs document on the new funding allocations.

  • October 30, 2015
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    The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released on October 28 its latest quarterly report, which includes a section on the Hardest Hit Fund (HHF) and incorporates an audit focusing on how many applicants who filed for Hardest Hit Fund (HHF) assistance were granted benefits and how long it took before applicants received assistance. SIGTARP concurrently released a stand-alone version of this audit.

  • July 24, 2015

    Senate leaders have removed a provision that would have rescinded unobligated Hardest Hit Fund (HHF) program funds from a transportation reauthorization bill (the DRIVE Act) that it is currently considering. NCSHA summarized the now-deleted provision in a blog post published yesterday.

  • July 23, 2015

    Last night, the Senate voted 62-36 to begin consideration of the DRIVE Act (H.R. 22), which would reauthorize the federal Highway Trust Fund and other surface transportation programs for six years. To pay for the reauthorization, the bill includes several provisions that impact HFAs and the housing market.

  • April 11, 2014

    On April 10, the House Transportation-HUD (T-HUD) Appropriations Subcommittee held a hearing to examine HUD’s FY 2015 budget request. HUD Secretary Shaun Donovan was the sole witness.

  • March 5, 2013

    On March 4, NCSHA's 2013 Legislative Conference kicked off with addresses from Executive Director and Chief Executive Officer of the Pennsylvania Housing Finance Agency and NCSHA President Brian Hudson, NCSHA Executive Director Barbara Thompson, Counselor to the Treasury Secretary for Housing Finance Policy Michael Stegman, Moody's Chief Economist Mark Zandi, and NCSHA Director of Housing Advocacy and Strategic Initiatives Garth Rieman.

  • March 4, 2013
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    On February 26, the House Financial Services Committee held a markup of its views and estimates for the FY 2014 Budget. Each year, the Committee sends the Budget Committee its comments and suggestions on items within its jurisdiction for the Budget Resolution. The Committee approved its views and estimates document on a party-line vote of 29 to 22.

  • January 30, 2013

    At NCSHA’s 2013 HFA Institute, over 100 HFA staff, federal officials, and market participants discussed federal homeownership program updates, analyzed housing and bond market trends, and explored innovative new financing techniques.

  • September 28, 2012
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    The U.S. Department of the Treasury held a summit September 18 on the Hardest Hit Fund (HHF) with representatives from all 19 HFAs participating in HHF, Treasury, Fannie Mae, Freddie Mac, and several major loan servicers. The meeting featured remarks from federal officials, an update on the program’s performance to date, examples of notable state programs and activities, and loan servicer comments and suggestions.