On May 12, 2023, NCSHA sent this letter to the Federal Housing Finance Agency (FHFA) in response to its proposed rule modifying several provisions of the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac. NCSHA expressed strong support for a provision of the proposed rule that would reduce by 40 percent the […]
Read More… from NCSHA Comment Letter on FHFA’s Proposed Amendments to GSE Capital Standards
On May 12, 2023, NCSHA submitted these comments to the U.S. Environmental Protection Agency on its Greenhouse Gas Reduction Fund Implementation Framework. View Document […]
Read More… from NCSHA Comment Letter on the Greenhouse Gas Reduction Fund Implementation Framework
On April 27, 2023, NCSHA submitted these comments to the U.S. Department of Housing and Urban Development on the National Standards for the Physical Inspection of Real Estate (NSPIRE) and Associated Protocols, Proposed Scoring Notice. View Document […]
On April 25, 2023, the ACTION Campaign, which NCSHA co-chairs, sent this letter to Senate Banking Committee Chair Sherrod Brown (D-OH) and Ranking Member Tim Scott (R-SC) in advance of the committee’s April 26 hearing on affordable housing, proactively addressing previous criticism of the Housing Credit program. View Document […]
On April 21, 2023, NCSHA submitted comments to the U.S. Department of Housing and Urban Development on the 2023 Affirmatively Furthering Fair Housing Proposed Rule. View Comments […]
Read More… from NCSHA Comment Letter on 2023 Affirmatively Furthering Fair Housing Proposed Rule
On April 19, 2023, NCSHA signed onto a press release by the Underserved Mortgage Markets Coalition (UMMC) regarding the Federal Housing Finance Agency’s proposed rule on Fair Lending Oversight. The press release expresses support for FHFA’s proposal to codify into federal regulations the requirement that Fannie Mae and Freddie Mac publish and maintain Equitable Housing […]
On April 19, 2023, the Internal Revenue Service published Revenue Procedure 2023-22, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. The revenue procedure establishes the new MRB and MCC purchase price limits by taking the […]
Revenue Procedure 2023-32 (published within Internal Revenue Bulletin 2023-41) provides the Housing Credit National Pool amounts for qualified states for calendar year 2023. Twenty-eight states received unused Housing Credit carryovers from the National Pool. Revenue Procedure 2024-18 (published within Internal Revenue Bulletin 2024-15) provides supplemental 2023 National Pool allocations to the same 28 states. View […]
Read More… from IRS Revenue Procedures 2023-32 and 2024-18 (National Pool)
NCSHA submitted comments on March 28, 2023, to the U.S. Department of Agriculture on its proposed rule for the Single-Family Housing Guaranteed Loan Program. The letter expressed concerns regarding a few operational issues the proposed rule presented to state HFAs, including a provision that small servicers would not be required to send monthly statements or […]
