Find Homeowner Assistance Fund Programs by State: Read More

NCSHA Blogs

House Republicans Announce New Members for Committees with Jurisdiction Over Affordable Housing Issues

With the House speakership now settled, House Republicans have begun announcing the new members who will join various committees in the 118th Congress, including the Appropriations, Financial...

HOME Coalition Seeks Robust Funding for FY23

On behalf of the HOME Coalition, today NCSHA contacted appropriators in both congressional chambers to urge them to provide robust funding for the HOME Investment Partnerships program for the remainder of FY23. The letter expresses support for $2.5 billion for HOME but acknowledges appropriators are unlikely to be able to achieve that level and urges no less than $1.9 billion for the program, which is the amount requested in the Presidentā€™s Budget Request for FY23. Under the continuing resolution, HOME is currently funded at FY22 levels, or $1.5 billion.Ā 

54 Members of Congress Urge House Leadership to Expand Housing Credit Production This Year

This morning, a bipartisan coalition of members of the House of Representatives led by Affordable Housing Credit Improvement Act sponsors Suzan DelBene (D-WA) and Brad Wenstrup (R-OH) sent a letter...

More Than 2,500 Groups Sign ACTION Letter Pressing for Action on Housing Credit Priorities in Lame Duck Session

Today, more than 2,500 organizations and businesses from every state in the nation joined a letter spearheaded by the ACTION Campaign urging Congress to expand the reach of the Housing Credit during the final weeks of the calendar year.

FHA Annual Report Touts Agencyā€™s Covid-19 Loss Mitigation Activities, Lending to Disadvantaged Communities

The Federal Housing Administration earlier today released its 2022 Annual Report to Congress. The report finds FHA continued to play a critical role in supporting home financing for first-time home buyers and other underserved borrowers in fiscal year 2022. Also outlined are FHAā€™s efforts to help homeowners impacted by Covid-19 and the improving status of FHAā€™s Mutual Mortgage Insurance Fund.

FHFA Approves New Credit Score Models for GSE Loans

The Federal Housing Finance Agency (FHFA) announced earlier this week that it had officially approved the use of two new credit scoring models by the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac: the FICO10T model and the VantageScore 4.0 model.

FHFA Announces Elimination of GSE Upfront Fees for HFA Loans, Other Affordable Mortgages

The Federal Housing Finance Agency announced this week that government sponsored enterprises Fannie Mae and Freddie Mac will soon eliminate upfront fees for single-family mortgage loans assisting low- and moderate-income home buyers, including Fannie Mae HFA Preferred and Freddie Mac HFA Advantage loans. The GSEs will increase fees for most cash-out refinance loans.

IRS Extends Housing Credit Placed-In-Service and Other Deadlines at NCSHAā€™s Request

Today, the Internal Revenue Service released Notice 2022-52, which builds on previous notices related to COVID-19 relief the IRS has provided to Housing Credit agencies and their industry partners,...

Average Income Test Final Rule Appears to Facilitate Practical Implementation of the New Set-Aside in Housing Credit Developments

Today, the U.S. Department of the Treasury and the Internal Revenue Service published final and temporary regulations providing guidance on the Low Income Housing Tax Credit (Housing Credit) Average...

Administration Announces Progress on Housing Supply Action Plan, Release of Housing Credit Average Income Rule and Deadline Extensions

This morning the Biden-Harris Administration published a progress report on its efforts to advance the agenda items in the Housing Supply Action Plan released last May, including the announcement of todayā€™s imminent publication of the final rule for the Housing Credit Average Income Test (AIT) minimum set-aside and Internal Revenue Service guidance extending the placed-in-service deadlines for certain Housing Credit developments, as well as other deadline extensions for which NCSHA has been advocating.Ā NCSHA will publish blogs later today analyzing the AIT final rule and the deadline extensions.