Treasury Guidance on Emergency Rental Assistance Requires Third-Party Documentation of Income, Hardship
Today, the U.S. Department of the Treasury published a Frequently Asked Questions document providing guidance on the $25 billion Emergency Rental Assistance program enacted under the Consolidated Appropriations Act of 2021. Despite the seemingly unanimous urging of NCSHA and other organizations representing both grantees and low-income households, Treasury is requiring applicants for assistance to provide third-party source documentation evidencing income and their experience of unemployment or financial hardship due directly or indirectly to COVID-19.
On January 15, the Internal Revenue Service (IRS) issued Notice 2021-12 which extends all COVID-19 relief measures originally provided under Notice 2020-53 and provides further relief not included in that original COVID-19 relief notice. The deadline extensions and waivers provided under Notice 2020-53 expired at the end of 2020.
The Treasury Department apparently is about to decide how much documentation millions of desperate low-income renters will have to show states and cities to be eligible for aid under the new...
President-Elect Releases COVID-19 Response Plan with Additional Housing Assistance, Foreclosure Prevention
President-elect Joe Biden announced his American Rescue Plan, an ambitious $1.9 trillion COVID-19 recovery platform including a national vaccination program, assistance to households, and other supports for communities struggling due to the pandemic. The announcement today includes proposals that are part of the first step in what will be a two-step plan. The second step will be an economic recovery plan focused on job creation, combating the climate crisis, and building “back better than before.”
Diane House, economic development director for the Great Lakes Inter-Tribal Council (GLITC), has been appointed to serve as a member of the Wisconsin Housing and Economic Development Authority (WHEDA) Board of Directors. House’s experience includes more than 25 years working with the tribes in Wisconsin in various policy and strategic initiatives. She is currently serving her second elected term as an Appellate Court judge for the Oneida Judiciary and as a pro tempore judge for Wisconsin Tribal Courts.
Statewide demand for housing tax credits among developers seeking to build more affordable rental housing for workers, families and seniors continues to outpace the federal and state resources available in Wisconsin. For the 2021 tax credit award cycle, the Wisconsin Housing and Economic Development Authority (WHEDA) has received applications for 34 projects seeking $29.6 million in federal 9% housing tax credits to build 1,671 units available for low- to moderate-income renters.
A resolution for the new year all of us in affordable housing can make is to put digital inclusion in our lexicon — and our business plans. A HUD rule on the books since 2016 already...
MADISON – From computer technology to financial services, the Wisconsin Housing and Economic Development Authority exceeded its targets for purchases from certified minority-, disabled veteran- and...
South Dakota Housing for the Homeless Consortium (SDHHC), an affiliate of South Dakota Housing Development Authority (SDHDA), will conduct its annual statewide Point-In-Time (PIT) homeless count. The Point-In-Time homeless count is a critical source of annual data, providing characteristics of people who are experiencing homelessness. Data from the annual PIT homeless count is used to measure homelessness on local, state, and national levels. PIT count data helps policy makers and communities measure progress, identify strengths and gaps in services, increases public awareness of homelessness, and enhances system planning and responses.
Treasury Launches Rental Assistance Web Portal; Grantees Must Submit Signed Terms Forms by January 12
On January 6, the U.S. Department of the Treasury published a new web portal with information about the Emergency Rental Assistance (ERA) program enacted in late December under the Consolidated Appropriations Act of 2021. As NCSHA has previously reported, this critical program will allow states, localities, and Indian tribes to provide rental assistance to households earning no more than 80 percent of area median income who have faced hardships due to the coronavirus pandemic and resulting economic fallout. This Treasury web portal is a critical step towards implementation of the program, which must be expedited under the time constraints set by the statute.
MassHousing, Baker-Polito Administration Launch CommonWealth Builder, a Landmark Initiative to Expand Homeownership and Wealth-Building Opportunities in Communities of Color Across Massachusetts
MassHousing, together with the Baker-Polito Administration, today announced the launch of the $60 million CommonWealth Builder Program, a landmark initiative to address the racial homeownership gap in Massachusetts by creating new homeownership and wealth-building opportunities in communities of color. It is the largest state-level program of its kind in the nation. “We are committed to combatting systemic inequities and promoting homeownership and building wealth in communities of color is a key part of that effort,” said Governor Charlie Baker.
After five months of administering CARES financial assistance for homeowners, the Pennsylvania Housing Finance Agency is providing final summary data about the performance of the Pandemic Mortgage Assistance Program, which started accepting applications on July 6. The initial program deadline was Sept. 30, but that deadline was extended by an executive order from Governor Tom Wolf on Oct. 5. As a result, PMAP accepted applications through Nov. 4. PMAP was fully administered by PHFA. A table providing county-by-county data for PMAP is available on the PHFA website.