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  • June 14, 2017

    The Federal Housing Administration (FHA) plays an indispensable role in helping low-income families and other traditionally under-served populations achieve the dream of homeownership. FHA’s support for sustainable low down payment lending dovetails perfectly with HFAs’ affordable homeownership missions.

    In recent years, nearly three-quarters of HFA loans were insured by FHA. As government entities, HFAs are authorized to provide down payment assistance in connection with FHA mortgages. This is crucial because one of the biggest impediments to purchasing a home for otherwise responsible borrowers is the cost of affording a heavy down payment.

    NCSHA recommends that HUD consider the following changes to FHA policies and guidelines to improve FHA’s ability to support affordable homeownership.

  • March 20, 2017

    Key Congressional Committee Rosters for NCSHA in the 115th Congress.

  • November 15, 2016

    The U.S. Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. The independent actuarial analysis shows the MMI Fund’s capital ratio grew by $3.8 billion and now stands at 2.32 percent—the second consecutive year since 2008 that FHA’s reserve ratio exceeded the congressionally required 2 percent threshold.

  • April 7, 2016

    The FHA-HFA Risk-Sharing Program is an important tool in financing affordable multifamily housing. We commend HUD for proposing changes to the program to improve its functionality, better align it with current industry and HUD policies and practices, and provide greater flexibility for program participants. We believe HUD’s proposed rule will make the program even more effective in preserving and producing affordable housing at even less risk to the federal government, especially if HUD amends it to take into account the following comments.

  • February 26, 2016

    The Senate Banking and House Financial Services Committees are the committees of jurisdiction over all HUD programs, including the Federal Housing Administration (FHA) and Section 8. The committees also oversee the housing Government-Sponsored Enterprises (GSEs), including Fannie Mae, Freddie Mac, Ginnie Mae, and the Federal Home Loan Banks (FHLBs).

  • February 26, 2016

    FHA plays an indispensable role in supporting the first-time home buyer market. Eighty-two percent of the home purchase mortgages supported by FHA in 2015 were for first-time home buyers. 37 percent of FHA loans went to “millennial” homebuyers, who are expected to drive the first-time home buyer market for years to come. It is likely that many of these borrowers would not have been able to secure mortgages in the conventional market.

  • February 25, 2016

    Congress established the Federal Housing Agency (FHA) - Housing Finance Agency (HFA) Multifamily Risk-Sharing program in 1992 to increase and speed up FHA’s multifamily mortgage production. The FHA-HFA Risk-Sharing program allows state HFAs that meet rigorous financial standards to underwrite FHA multifamily loans in return for sharing the risk of losses on those loans.

  • February 16, 2016

    NCSHA's 2016 Priorities Briefing PowerPoint

  • November 4, 2015

    HFAs have a unique perspective on federal housing and community development programs. As state entities, they understand their local needs and are able to design programs tailored to those needs that prioritize the most pressing challenges throughout their states.

    HUD programs are a crucial component of state efforts to address the affordable housing and housing-related needs of their residents and communities. These programs help families and individuals transform their lives by creating quality and sustainable living environments that lift families out of poverty and desperate situations; help children stay healthy and thrive in school; support seniors, people with special needs, and veterans; and house persons experiencing homelessness. They contribute to community revitalization by supporting good jobs, fostering business growth, building vital infrastructure, and promoting transportation solutions.

  • September 4, 2015

    On behalf of the State Housing Finance Agencies (HFAs) it represents, the National
    Council of State Housing Agencies (NCSHA) appreciates the opportunity to comment on the
    Federal Housing Administration’s (FHA) July 6 proposed rule that would establish a maximum
    timeline according to which mortgagees would have to file an insurance claim with FHA in order
    to receive insurance on a failed loan. We strongly urge HUD to reconsider this proposal.