• February 3, 2016
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    Yesterday, in a rare unanimous vote, the U.S. House of Representatives passed H.R. 3700, the Housing Opportunity Through Modernization Act (HOTMA), which would make various reforms to rental housing assistance programs, including streamlining Housing Choice Voucher program inspections, simplifying the requirements for project basing vouchers, and providing public housing agencies (PHAs) greater flexibility to transfer funding between their operating and capital funds.

  • February 3, 2016
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    The Corporation for Supportive Housing (CSH) recently released its annual report, Housing Credit Policies in 2015 that Promote Supportive Housing, which finds that "virtually every Housing Credit agency fosters some form of supportive housing development through its Housing Credit program."

  • February 2, 2016
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    Yesterday, the U.S. House of Representatives passed legislation (H.R. 2209) that would allow large banks to count some of their municipal bond investments as high-quality liquid assets under federal bank liquidity standards. The legislation was passed by voice vote.

  • January 29, 2016
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    On January 28, HUD announced that the Federal Housing Administration (FHA) will reduce its multifamily insurance rates to stimulate the production and rehabilitation of affordable rental housing. These rate reductions, effective April 1, will apply to the FHA-HFA Risk-Sharing program and other FHA multifamily housing programs that help finance properties housing low-income families and developments installing energy-efficient systems or building within federal energy guidelines. Multifamily insurance rates for financing of market-rate properties that are not energy efficient will remain unchanged.

  • January 29, 2016
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    Unusually tight credit standards in the current housing market may have prevented over 5 million borrowers from taking out a mortgage, according to an analysis released earlier this week by the Urban Institute. The analysis finds that, between 2009 and 2014, 5.2 million more loans would have been originated if credit standards had been similar to what they were in 2001.

  • January 15, 2016
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    On December 31, HUD published the final Assessment Tool that local governments will use to prepare their Assessments of Fair Housing (AFH) under HUD’s Affirmatively Furthering Fair Housing (AFFH) rule. As NCSHA has reported previously, HUD will develop separate assessment tools for states, insular areas, and public housing agencies to account for the distinctions between different types of HUD program participants.

  • December 18, 2015
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    Today, the Senate passed combined FY 2016 omnibus spending and tax extender legislation, following House passage of the tax extender bill yesterday and the omnibus spending bill earlier this morning. After passing the two bills separately, the House combined them into one bill for Senate consideration. The combined bill now goes to the White House for the President’s signature to become law.

  • December 16, 2015
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    Late December 15, Speaker of the House Paul Ryan (R-WI) unveiled tax extender legislation, the Protecting Americans from Tax Hikes Act of 2015, that would renew and make permanent some of the expired tax provisions, including the 9 percent minimum Housing Credit rate, and extend for either five years or two years other expired tax provisions. The bill—a major victory for NCSHA and other Housing Credit industry stakeholders—is the result of weeks of negotiations among leaders of both parties and both chambers.

  • December 16, 2015
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    In the early hours of the morning on December 16, Speaker of the House Paul Ryan (R-WI) unveiled the Fiscal Year (FY) 2016 omnibus spending bill, providing $1.1 trillion in funding for government operations, including funding for U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) Rural Housing Service programs.

  • December 15, 2015
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    Earlier today the Federal Housing Finance Agency (FHFA) released its proposed “Duty to Serve” rule, which would require the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to support housing for lower income families in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and homeownership opportunities in rural areas.