NCSHA COVID-19 Blogs, News, and Resources
The most recent NCSHA blogs, news, resources, statements, and talking points for HFAs are available below. For a curated compilation of COVID-19 information, guidelines, and notices published by state HFAs, the Administration, HUD, and other federal agencies, please visit the 
COVID-19 Resources and Updates Center.
NCSHA Letter to HUD on FHA Proposed 40-Year Loan Modification
On October 29, 2021, NCSHA sent this letter to the U.S. Department of Housing and Urban Development (HUD) to discuss the negative impact that the Federal Housing Administration proposed 40-year loan modification would have on the state HFA Mortgage Revenue Bond programs and request that HUD either exempt state HFAs from this requirement or permit them to request and be granted a waiver.
NCSHA Washington Report | October 29, 2021
The “Build Back Better” bill congressional Democrats plan to pass soon, which the White House says contains “the single largest and most comprehensive investment in affordable housing in...
Treasury Responses to ERA Reporting Questions Submitted by NCSHA
This October 28, 2021, document communicates the Treasury Department’s responses to some of the questions NCSHA submitted on October 20 regarding quarterly ERA reporting.
Cantwell’s Call for Inclusion of Housing Credit Increase in Reconciliation Legislation
On October 26, 2021, during a Senate Finance Committee hearing, Senator Maria Cantwell (D-WA) called for the inclusion of a significant increase in the Housing Credit in the Build Back Better reconciliation legislation currently under negotiation in Congress.
NCSHA Washington Report | October 22, 2021
Planning edicts from federal regulators tend to get bureaucratic and interest group wheels spinning without necessarily leading to any actual movement. The Federal Housing Finance Agency’s...
NCSHA Washington Report | October 15, 2021
The biggest challenge for state and local agencies operating the Emergency Rental Assistance program has been creating what the administration calls “a new national infrastructure” largely...
Senate Democrats’ Leadership Letter Supporting Housing Funding in Reconciliation
On October 14, 2021, 36 Democratic Senators sent this letter to President Biden, House Speaker Pelosi, and Senate Majority Leader Schumer asking them to support comprehensive, robust housing funding in legislation to enact President Biden’s Build Back Better plan.
NCSHA Washington Report | October 8, 2021
Don’t look now, but the Emergency Rental Assistance program may be emerging as one of the success stories in the federal response to the pandemic, for some unlikely and underreported reasons:...
Urban Institute Homeowner Assistance Fund County-Level Targeting Data
The Urban Institute has compiled a dataset that includes homeowners’ demographic and income characteristics and breakdowns foreclosure risk at the county level. The Urban Institute published the data with the intention of helping policymakers best target their Homeowner Assistance Fund resources.
Treasury Issues Guidance on Emergency Rental Assistance Reallocation
Today, the U.S. Treasury Department published the framework for reallocation of Emergency Rental Assistance (ERA) program funds authorized by the Consolidated Appropriations Act of 2021 (ERA 1). That legislation, which provided the first $25 billion in ERA resources, requires Treasury to identify “excess funds” from amounts grantees have not obligated beginning September 30, 2021, and reallocate those resources to grantees who have obligated at least 65 percent of their initial ERA 1 allocation.
HUD Extends COVID-Related HOME Waivers and Extensions
The U.S. Department of Housing and Urban Development (HUD) on Wednesday posted a memorandum that extends and revises several suspensions and waivers of HOME Investment Partnerships Program (HOME) regulations HUD previously issued in response to the COVID-19 pandemic. HUD originally published the waivers and program rule suspensions in April 2020 and updated the information in a memo issued in December 2020 that extended the waivers and exemptions through September 2021. NCSHA urged HUD to extend these exemptions and waivers in response to needs caused by the ongoing pandemic.
Letter from Treasury to ERA Grantees on ERA 1 Reallocation Process
This September 24, 2021, letter from U.S. Department of the Treasury Deputy Secretary Adewale O. Adeyemo to Emergency Rental Assistance (ERA) program grantees provides preliminary information about Treasury’s approach to the statutorily required reallocation of grants authorized by the Consolidated Appropriations Act of 2021 (ERA 1).
