NCSHA Blogs
Representatives Duffy and Cleaver Introduce Voucher Mobility Demonstration Bill
On May 16, House Financial Services Housing and Insurance Subcommittee Chairman Sean Duffy (R-WI) and Ranking Member Emanuel Cleaver (D-MO) introduced the Housing Choice Voucher Mobility Demonstration Act of 2018, HR 5793.
After Increases in FY 2018, House Subcommittee Flat-Funds Most HUD Programs and Cuts HOME in FY 2019
On May 16, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) approved its Fiscal Year (FY) 2019 funding bill, which provides $43.6 billion in total net discretionary spending for HUD programs, $941 million more than the FY 2018 enacted level and $11.9 billion more than the Administration’s FY 2019 budget request.
Administration Nominates Michael Bright to be Ginnie Mae President
On May 15, the Trump Administration announced its nomination of Michael Bright to serve as the President of the Government National Mortgage Association (Ginnie Mae).
CohnReznick Examines Housing Credit Property Performance
A recent study issued by CohnReznick found Low Income Housing Tax Credit (Housing Credit) properties to be operating better than in any other period during the program’s history.
Terner Center Study Finds Economic Mobility and Educational Success for Housing Credit Tenants
The Terner Center for Housing Innovations at UC Berkley (The Terner Center), in partnership with the California Community Reinvestment Corporation (CCRC), recently highlighted the impact living in affordable housing has on residents’ economic mobility and other positive outcomes.
House Members Introduce White House Rescissions Bill That Includes Cuts to Affordable Housing Programs
House Republican leaders, including House Majority Leader Kevin McCarthy (R-CA), unveiled a package of spending cuts closely mirroring the proposal the Trump Administration released Tuesday.
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.
