Newsroom
Florida Housing Finance Corporation Urges Property Owners to Suspend Rent Increases During COVID-19 Pandemic
Today, Trey Price, the Executive Director of the Florida Housing Finance Corporation (Florida Housing), strongly urged property owners and managers of properties funded by Florida Housing to suspend rent increases during the COVID-19 pandemic. “As Floridians grapple with the COVID-19 public health emergency, the last thing they need is for landlords to increase rental payments,” said Trey Price, Executive Director of Florida Housing Finance Corporation.
NCSHA Washington Report | April 17, 2020
Nobody in affordable housing has time to be a historian these days. So, it’s helpful to hear from leaders who were around during the last national crisis who have advice for responding to the...
Mnuchin Under Growing Pressure to Help Struggling Mortgage Companies
Treasury Secretary Steven Mnuchin is under growing pressure from industry officials and members of Congress to ease strains on mortgage companies as millions of borrowers skip their monthly payments...
IRS Provides Short-Term Extensions to Certain Housing Credit, Housing Bond Deadlines Due to COVID-19
On April 10, the Internal Revenue Service published Notice 2020-23 providing additional relief for taxpayers affected by the coronavirus pandemic. The notice provides that taxpayers have until July 15, 2020, to perform specified time-sensitive actions due to be performed on or after April 1, 2020, and before July 15, 2020. While the notice does not specifically reference any Housing Credit or Housing Bond deadlines, it applies the July 15 deadline to all time-sensitive actions included in IRS Revenue Procedure 2018-58, which includes numerous deadlines related to these programs.
HUD Issues COVID-19 Guidance, Waivers for HOME Program
HUD has published two memoranda providing guidance, including suspensions of statutory provisions and other regulatory waivers, for the HOME Investment Partnerships program and HOME Tenant-Based Rental Assistance to help participating jurisdictions respond to housing needs during the COVID-19 pandemic. The HOME and HOME TBRA guidance covers nearly every recommendation NCSHA made to HUD in our March 30 letter on Community Planning and Development programs’ needs during the COVID-19 pandemic.
DSHA Announces $9 Million in Funding Available for Downtown Development District Project Rebates
Delaware State Housing Authority (DSHA) is accepting applications through June 1 for large project rebate reservations through the Downtown Development Districts (DDD) program. Investors who make qualified real property investments in one of 12 designated districts can apply for a rebate of up to 20 percent of eligible costs. The designated districts are: Clayton, Delaware City, Dover, Georgetown, Harrington, Laurel, Middletown, Milford, the City of New Castle, Seaford, Smyrna and Wilmington.
Ginnie Mae Releases New COVID-19 Pass-Through Assistance Program
On Friday, Ginnie Mae released its promised Pass-Through Assistance Program related to COVID-19 (PTAP/C19). Under the program, Ginnie Mae will provide pass-through payments to single-family issuers...
NCSHA Washington Report | April 10, 2020
Federal economic policymakers are focused for good reason on the families, businesses, and industries already crippled by the COVID-19 pandemic. The urgent question is whether they’ll apply the...
MassHousing Surpasses $1 Billion in Multifamily Accelerated Processing (MAP) Lending, Preserving More Than 7,400 Affordable Rental Housing Units for Massachusetts Residents
MassHousing has surpassed $1 billion in lending through the MAP program, preserving the affordability of 43 affordable housing communities since 2015 and extending affordability protections on more than 7,400 rental housing units for lower-income Massachusetts residents. Since MassHousing began executing MAP transactions, the Agency has consistently ranked among the nation’s larger MAP lenders and has built the largest MAP lending program of any state housing finance agency.
Fannie, Freddie Unlikely to Aid Mortgage Companies as Payments Dry Up, FHFA Chief Says
Mark Calabria, who leads the Federal Housing Finance Agency, described industry concerns as “spin.” In an interview on Tuesday, he also said he doesn’t see it as the role of government-backed...
Federal Reserve Takes Additional Actions to Provide Up to $2.3 Trillion In Loans to Support The Economy
The Federal Reserve, on April 9, took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the...
The Coronavirus is Exposing America’s Housing Crisis
Just as Americans are being instructed to stay home, it’s becoming one of the hardest things to afford. On March 31, about 300 tenants received an email from their apartment management company. The...
