Page 10 — NCSHA

FHA Mortgagee Letter 2025-09: Revisions to Residency Requirements

Issued by the U.S. Department of Housing and Urban Development, Mortgagee Letter 2025-09 updates residency requirements for borrowers seeking Federal Housing Administration-insured financing. Effective May 25, 2025, the letter eliminates FHA Title II loan eligibility for non-permanent resident borrowers, aligning FHA′s policies with federal priorities that emphasize securing economic opportunities for U.S. citizens and permanent […]

HOME Investment Partnerships Program Reauthorization and Improvement Act

Senator Catherine Cortez Masto (D-NV) and Representative Joyce Beatty (D-OH) recently introduced the HOME Investment Partnerships Program Reauthorization and Improvement Act (S. 948/H.R. 2031) to reauthorize the HOME program, increase the authorized funding level for the program to $5 billion, and make several needed program improvements. Read the Bill Text Read the One-Page Summary Read […]

Senate Letter to HUD on DOGE Staff Cuts

On February 20, 2025, a group of Senators sent this letter to Housing and Urban Development Secretary Scott Turner expressing concerns over the agency’s plans for staffing cuts, which were made based on the recommendations of the new Department of Government Efficiency. The letter requested answers to questions regarding the extent of the planned personnel […]

NCSHA Comments on FHFA Proposed Rule on FHLB Governance

On February 3, 2025, NCSHA submitted comments on a Federal Housing Finance Agency proposed rule to revise regulations addressing boards of directors and overall corporate governance of the Federal Home Loan Banks (FHLBs). NCSHA expressed its overall support for the proposed rule, particularly its proposal to require the FHLBs look to include board members with […]

Public Finance Network Asks Congress to Maintain Private Activity Bonds

The Public Finance Network, a coalition of issuer groups — including NCSHA — and interested stakeholders campaigning to maintain and improve municipal bond programs, wrote to congressional leaders on January 31, 2025, asking them to protect and bolster the tax-exempt municipal bond market. View Document […]

Government Finance Officers Association Report: Protecting Bonds to Build Infrastructure and Create Jobs

In January 2025, the Government Finance Officers Association updated and released new data for its report on “Protecting Bonds to Build Infrastructure and Create Jobs.” This report examines the critical role tax-exempt municipal bonds play in funding public-sector infrastructure projects. The report highlights how state and local governments, which account for more than 90 percent […]

Government Finance Officers Association Report: Understanding Financing Options Used for Public Infrastructure

The Government Finance Officers Association released a January 2025 report on “Understanding Financing Options Used for Public Infrastructure.” This report offers a comprehensive overview of tax-exempt bonds and other financing mechanisms utilized by state and local governments and entities and explores key aspects of tax-exempt financing, including: the basics of tax-exempt bonds and the range […]

House Budget Committee Options Paper

This House Budget Committee document outlines more than 200 options for changes to federal programs that would produce budgetary savings and costs over the next 10 years. View Document […]

FHA Mortgagee Letter 2025-06: Updates to Servicing, Loss Mitigation, and Claims

The Federal Housing Administration issued Mortgagee Letter 2025-06 on January 16, 2025, introducing comprehensive updates to servicing, loss mitigation, and claims processes for FHA-insured Title II forward mortgage loans. Key changes included revised repayment and forbearance policies, updated home retention and disposition options, and extended COVID-19 Recovery Options through February 1, 2026. The letter also […]