• February 13, 2004

    On February 3, Representative Patrick Tiberi (R-OH) introduced the Zero Downpayment Act of 2004, H.R. 3755, authorizing a new FHA zero down payment insurance program. The legislation, modeled on HUD’s FY 2005 budget proposal, provides the HUD Secretary authority to insure mortgages up to 100 percent of the appraised value of the property and broad discretion in determining program eligibility requirements. The bill has 16 cosponsors.

  • February 13, 2004

    In a major victory for NCSHA, the Treasury Department on February 10 released the below-linked new average area purchase price safe harbor limits for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. As NCSHA predicted nearly two years ago, the new limits are based on the FHA single-family loan limits established annually by HUD. To derive the safe harbors, Treasury has divided the FHA loan limits by .76, producing limits about 32 percent higher than the FHA limits.

  • February 13, 2004

    NCSHA held six HFA staff-only roundtables at its January Workshops in Washington, DC last month. Many thanks to those of you who contributed to the dialogue.

  • February 13, 2004

    In just a few weeks, HFAs and their affiliate partners will storm Capitol Hill, asking Congress to deliver the dream of affordable housing to America’s lower-income families. Be among them to maintain and expand support in Congress for our central programs—Housing Bonds, the Housing Credit, and HOME—and to convince Congress to enact the Housing Bond and Credit Modernization bills, H.R. 284 and S. 595, and devote more resources to HOME, rental housing production, and preservation.

  • February 13, 2004

    On the tax front, what we do in the next two weeks may well determine whether Congress enacts our Housing Bond and Credit Modernization and Fairness bills, H.R. 284 and S. 595, this year. The corporate tax bill is still the best and possibly only vehicle for passage of H.R. 284 and S. 595. Its fate will likely be settled by the time you arrive here for our Legislative Conference, so don’t wait till then to act.

  • February 12, 2004

    Act Now on Corporate Tax Bill Opportunity

  • February 6, 2004

    The National Low Income Housing Coalition recently released, Getting to YIMBY: Lessons in YES in My Back Yard, a report on strategies for overcoming community opposition to affordable housing. The report, which features stories about communities that have successfully countered NIMBYism, is linked below.

  • February 6, 2004

    On February 2, NCSHA affiliate One Economy Corporation announced its Bring IT Home campaign to provide high-speed Internet access to low-income families. To help achieve its goal, One Economy is encouraging states to require Housing Credit and other state housing program applicants to make housing developed under those programs Internet-ready.

  • February 6, 2004

    Agencies administering the HOME program have increased HOME-funded home buyer activities from 7 percent of all HOME activities in 1992 to 31 percent in 2002, according to the below-linked study released last month by HUD’s Office of Policy Development and Research. The study also found HOME has helped more than 250,000 low-income households purchase homes since 1992. The study addresses the reasons behind the increased home buyer assistance activity and includes information on home buyer program design.

  • February 6, 2004

    State Housing Credit allocating agencies’ 8610 forms reporting 2003 Housing Credit allocations are due to IRS on March 1, 2004. Please send a copy of your agency’s completed form to NCSHA’s Vickie Spielman and direct questions to Vickie Spielman or NCSHA’s John Hughes.