NCSHA sent this letter to the Internal Revenue Service regarding the recently enacted amendments to the Housing Credit compliance monitoring regulations. The letter urges IRS to rescind the new regulations and work with NCSHA and its members to develop a workable alternative. View Letter […]
Read More… from NCSHA Comments on IRS Compliance Monitoring Regulations
On April 30, the House Financial Services held a hearing on “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.” The A Call To Invest in Our Neighborhoods (ACTION) Campaign posted a statement in response to the hearing. View Letter […]
Read More… from ACTION Statement on House Financial Services Infrastructure Hearing
The following document is the complaint brought forth to the U.S. District Court of Utah by the Cedar Band of Paiutes, Cedar Band Corporation, and CBC Mortgage Agency against the Department of Housing and Urban Development regarding the Federal Housing Administration’s recent down payment assistance guidance in Mortgagee Letter 2019-06. View Letter […]
Read More… from Complaint of Cedar Band v. HUD, Mortgagee Letter 2019-06
On April 18, 2019, the Federal Housing Administration (FHA) released Mortgagee Letter 2019-06, Downpayment Assistance and Operating in a Governmental Capacity, which clarifies documentation requirements that FHA-approved mortgagees must satisfy when originating a mortgage for a borrower using funds from another person or entity to satisfy a portion or all of the Minimum Required Investment, […]
On April 25, 2019, the Federal Housing Administration provided an extension of the effective date of Mortgagee Letter 2019-06, Downpayment Assistance and Operating in a Governmental Capacity. The guidance provided in ML 2019-06 will be effective for case numbers assigned on or after July 23, 2019, rather than the originally published effective date of April […]
The following document is the U.S. District Court of Utah’s ruling on the Cedar Band of Paiutes, Cedar Band Corporation, and CBC Mortgage Agency’s complaint to file a temporary restraining order on FHA’s Mortgagee Letter 2019-06 guidance. View Document […]
Read More… from Court Ruling on Mortgagee Letter 2019-06 Temporary Injunction
NCSHA, on behalf of the state Housing Finance Agencies, sent this letter to the Federal Housing Administration (FHA) regarding the agency’s recent issue of Mortgagee Letter 2019-16. The letter requests clarification on FHA’s policy regarding documentation requirements that FHA-approved mortgagees must satisfy when originating a mortgage for a borrower using funds from another person or […]
Read More… from NCSHA Comments on FHA Mortgagee Letter 2019-16
NCSHA submitted comments to the Department of the Treasury and Internal Revenue Service urging them to provide guidance to HUD so that HUD will be able to publish area-specific income limits at the various designations allowable under the Average Income Test. View Letter […]
Read More… from NCSHA Letter to IRS on Average Income Test Income Limits
NCSHA submitted comments on the U.S. Department of Housing and Urban Development’s (HUD) process for collecting data from state Low Income Housing Tax Credit (Housing Credit) administering agencies on tenants residing in Housing Credit properties and on HUD’s proposals for modifying both the HUD LIHTC Tenant Data Collection Form (HUD-52697) and the LIHTC Database Data […]
Read More… from NCSHA Comments on HUD Data Collection Notice
