NCSHA Blogs
FHFA Extends Comment Period for FHLB Affordable Housing Program Proposed Rule
The Federal Housing Finance Agency (FHFA) announced today that the comment period for a proposed rule that would amend the Federal Home Loan Banks’ (FHLB) Affordable Housing Program (AHP) will be extended.
Treasury and IRS Request Topics for Priority Guidance Plan
The Department of the Treasury (Treasury) and Internal Revenue Service (IRS) published Notice 2018-43 soliciting public comment on recommendations for items that Treasury/IRS should include in its 2018-2019 Priority Guidance Plan. The Priority Guidance Plan identifies guidance projects that Treasury and IRS intend to work on during the period from July 1, 2018 to June 30, 2019.
House Financial Services Subcommittee Examines Rent Reform Draft
On April 25, the House Financial Services Housing & Insurance Subcommittee held a hearing on “HUD’s Role in Rental Assistance: An Oversight and Review of Legislative Proposals on Rent Reform” to discuss a draft of the Promoting Resident Opportunity through Rent Reform Act (PROTRRA) to be sponsored by Representative Dennis Ross (R-FL).
THUD Subcommittee Considers FHA Programs at Hearing
On April 25, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) held a hearing with General Deputy Assistant Secretary for the Office of Housing Dana Wade, currently serving as the acting Director of the Federal Housing Administration (FHA), as President Trump’s nominee, Brian Montgomery, has yet to be confirmed. The hearing focused on the progress of FHA’s programs and how they would be impacted by HUD’s proposed Fiscal Year (FY) 2019 budget.
Carson Testifies at Senate Committee Hearing on HUD’s FY 2019 Budget
On April 18, HUD Secretary Ben Carson testified at a Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) hearing and responded to questions regarding the agency’s Fiscal Year (FY) 2019 Budget, recent legislative proposals, the President’s recent Executive Order on work requirements, and concerns about fair housing enforcement at HUD.
Recent Congressional Hearings Focus on Housing Choice Voucher Program Funding and Legislative Proposals
On April 17, two House Subcommittees held hearings focused on HUD’s Housing Choice Voucher (voucher) program. The House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) followed-up on its earlier Fiscal Year (FY) 2019 Budget hearing to dive deeper into the Administration’s proposals for vouchers and other programs under HUD’s Office of Public and Indian Housing (PIH) purview.
OCC, Federal Reserve Weigh in on CRA Changes
Top federal banking regulators recently expressed support for modernizing Community Reinvestment Act (CRA) regulations.
IRS Issues New Housing Credit Per Capita and State Minimum Caps to Account for Increase
IRS issued Rev. Proc 2018-22, modifying the 2018 Housing Credit per capita and small state minimum volume cap amounts to reflect the increase in authority we achieved as part of the Consolidated Appropriations Act of 2018 (omnibus spending bill).
Mulvaney Pushes for CFPB Reforms During House, Senate Hearings
Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney this week appeared before the House Financial Services Committee and the Senate Banking Committee to discuss the Bureau’s Semi-Annual Report to Congress.
