On March 2, 2023, NCSHA submitted to the Department of Housing and Urban Development these comments regarding the Public Interest Phased Implementation Waiver for FY 2022 and 2023 of Build America, Buy America Provisions issued on February 15, 2023. View Document […]
On February 22, HUD published Mortgagee Letter (ML) 2023-05 and announced the Federal Housing Administration (FHA) will reduce its annual single-family mortgage insurance premium by 0.30 percentage points, from 0.85 percent to 0.55 percent for most new borrowers, effective for mortgages endorsed on or after March 20, 2023. View Document […]
The Public Finance Network, of which NCSHA is a member, sent this February 21 letter to Treasury Secretary Janet Yellen and Securities and Exchange Commission Chairman Gary Gensler to express concerns about the recently enacted Financial Data Transparency Act of 2022. View Document […]
Read More… from Public Finance Network Letter to Treasury and SEC on Financial Data Transparency Act
NCSHA and nine other organizations sent this January 13, 2023, letter to the Department of Housing and Urban Development regarding the implementation of the Build America, Buy America Act. The letter commended HUD for its work and made several recommendations. View Letter View Document […]
Read More… from Joint Letter to HUD on Build America, Buy America Requirements
This document tracks the members of Congress who have cosponsored the Affordable Housing Credit Improvement Act of 2021 (S. 1136/H.R. 2573) to amend the Internal Revenue Code of 1986 to reform the Low Income Housing Tax Credit. *As of December 27, 2022 Summary Senate: 44 total cosponsors including leads (11 Republicans, 33 Democrats); 50 percent […]
NCSHA, along with other major national organizations representing Emergency Rental Assistance (ERA) grantees—the American Public Human Services Association, Council of State Community Development Agencies, National American Indian Housing Council, National Association of Counties, National Community Development Association, and National League of Cities—sent this December 20, 2022 letter to Treasury urging the Department to clarify its […]
Read More… from Joint Letter to Treasury on Policies Related to Suspected Fraudulent Applications
NCSHA joined the Novogradac LIHTC Working Group on this December 12, 2022, comment letter to the Internal Revenue Service suggesting technical changes to the Average Income Test (AIT) temporary regulations related to reporting requirements for AIT compliance. View Document […]
On December 5, 2022, NCSHA submitted these comments to HUD in response to its Request for Information Regarding Small Mortgage Lending. NCSHA agreed with HUD’s conclusion that a primary barrier to small balance mortgage loan lending is the cost to originate and service small mortgage loans in relation to the limited potential compensation afforded by […]
Read More… from NCSHA Comment Letter on HUD Small Mortgage Lending RFI
On December 5, 2022, NCSHA submitted this letter to the Environment Protection Agency (EPA) in response to its Request For Information on the Greenhouse Gas Reduction Fund (GHGRF). NCSHA urged the EPA to prioritize the use of GHGRF for affordable housing, where such assistance could significantly reduce greenhouse gas emissions and significantly improve the lives […]
Read More… from NCSHA Comment Letter on EPA Greenhouse Gas Reduction Fund RFI
