On July 29, 2024, the HOME Coalition, led by NCSHA, sent a letter to the U.S. Department of Housing and Urban Development on the proposed rule on the HOME Investment Partnerships Program. The proposed rule would streamline and update HOME through significant revisions to the community housing development organization (CHDO) requirements, a change in the […]
On July 29, 2024, NCSHA submitted comments to the U.S. Department of Housing and Urban Development on the proposed rule on the HOME Investment Partnerships Program. The proposed rule would streamline and update HOME through significant revisions to the community housing development organization (CHDO) requirements, a change in the approach to HOME rents, simplified requirements […]
On July 11, 2024, NCSHA submitted this letter in response to the Federal Housing Finance Agency’s May 16 request for input on the mission of the Federal Home Loan Bank System. In its comments, NCSHA urged FHFA to establish an explicit affordable housing mission for the FHLB System and encourage more FHFA-HFA partnerships. View Letter […]
Read More… from NCSHA Comments on FHFA RFI on Federal Home Loan Bank System Mission
On June 14, 2024, NCSHA submitted comments to the U.S. Treasury Department on Internal Revenue Service Revenue Procedure 2024-21, which proposes to change the data set used to establish the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs’ purchase price safe harbors from the Federal Housing Administration’s loan limits to median home price […]
Read More… from NCSHA Letter on IRS Revenue Procedure 2024-21
On June 7, 2024, NCSHA sent this letter to the Federal Housing Finance Agency (FHFA) in response to its request for information on Fannie Mae’s and Freddie Mac’s Equitable Housing Finance Plans for 2025 – 2027. In the letter, NCSHA thanks FHFA for its continued focus on establishing an equitable housing finance market and for […]
Read More… from NCSHA Letter to FHFA on GSE Equitable Housing Finance Plans for 2025 – 2027
On May 31, 2024, NCSHA sent the Internal Revenue Service and U.S. Department of Treasury recommendations on the 2024–2025 Priority Guidance Plan. These recommendations encompassed various enhancements and modifications to the Housing Credit and Housing Bond programs, all aimed at ensuring ongoing efficient state management of these initiatives. View Letter […]
Read More… from NCSHA Recommendations to IRS on 2024-2025 Priority Guidance Plan
On May 31, 2024, the ACTION Campaign, which is co-led by NCSHA and Enterprise Community Partners, sent a letter to the Internal Revenue Service and U.S. Department of the Treasury regarding the 2024–2025 Priority Guidance Plan. The letter made several recommendations to the plan including implementing Violence Against Women Act protections for Housing Credit tenants, […]
Read More… from ACTION Campaign Letter to IRS on 2024–2025 Priority Guidance Plan
On May 29, 2024, the Department of Housing and Urban Development issued a proposed rule on the HOME Investment Partnerships Program. The new rule would update and streamline regulations for HOME by reducing burden on program participants, better aligning HOME funding with other federal housing programs, and increasing flexibility for participating jurisdictions. Comments are due […]
Read More… from HUD Proposed Rule on HOME Program Updates and Streamlining
On May 23, 2024, members of the House of Representatives, led by Representatives Gwen Moore (D-WI) and Claudia Tenney (R-NY), sent a letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel urging the U.S. Department of the Treasury and the Internal Revenue Service to promulgate guidance on the application of protections under the […]
Read More… from Congressional Letter to Treasury on VAWA Housing Credit Guidance
