On September 21, 2023, 184 local government officials, representing cities, counties, and other municipalities of all sizes across the country sent a letter to Congressional leadership supporting the Affordable Housing Credit Improvement Act (AHCIA) of 2023 (S. 1557 / H.R. 3238). This ACTION Campaign-led letter shows the wide local support for expanding and strengthening the Housing Credit, […]
On September 5, 2023, NCSHA responded to the U.S. Department of Housing and Urban Development’s proposed rule on Modernization of Engagement with Mortgagors in Default. NCSHA commended HUD’s efforts to expand communication methods between mortgagees and defaulted homeowners, suggesting this expansion will improve loss mitigation efforts and home retention. Additionally, NCSHA encouraged HUD to define ‘reasonable […]
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The ACTION Campaign, led by NCSHA and Enterprise Community Partners, is partnering with the National League of Cities, the National Association of Counties, and Mayors & CEOs for U.S. Housing Investment to circulate this letter in support of the Affordable Housing Credit Improvement Act of 2023 (AHCIA, S. 1557 | H.R. 3238). ACTION partners and […]
On August 14, 2023, NCSHA responded to the Federal Housing Finance Agency’s May 15 request for input on Fannie Mae and Freddie Mac’s framework for pricing single-family mortgages. The letter urged FHFA, when adjusting the pricing framework, to balance the need for the government-sponsored enterprises (GSEs) to maintain adequate capital with their public missions to […]
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In response to this request for input from the Federal Housing Finance Agency on tenant protections for enterprise-backed multifamily properties, NCSHA submitted these July 31, 2023, comments encouraging FHFA to protect tenants against displacement, rent increases, and possible evictions and to consider the potential impact of such protections on tenants, housing providers, lenders, and the […]
On July 31, 2023, NCSHA responded to the Federal Housing Finance Agency’s request for input on tenant protections for multifamily properties with mortgages backed by Fannie Mae and Freddie Mac. The letter highlighted the work state housing finance agencies are doing to address the issues tenants face with respect to the FHFA’s investigation to establish […]
On July 26, 2023, NCSHA sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding the proposed rule on Residential Property Assessed Clean Energy Financing (R-PACE). The letter urges the CFPB to add a requirement to the rule directing R-PACE financiers to report R-PACE financings to credit bureaus and to a homeowner’s mortgage […]
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On July 21, 2023, NCSHA submitted the attached comments to the Federal Housing Finance Agency (FHFA) on Fannie Mae’s proposed changes to its Duty-to-Serve Underserved Markets Plan for 2022–24. The letter expresses NCSHA’s opposition to Fannie Mae’s sole proposed change, which would reduce its 2023 baseline for Housing Credit investments for properties in rural areas […]
On July 13, 2023, NCSHA joined 14 other Housing Credit stakeholder organizations on a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson urging FHFA to adopt policies prohibiting the government sponsored entities — Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs) — from providing financing to Housing Credit properties for […]
Read More… from NCSHA Joins Letter to FHFA Urging GSE Policies to Mitigate Qualified Contract Losses
