The Coronavirus State and Local Fiscal Recovery Fund provides $350 billion to state, local, and tribal governments to support their response to and recovery from the COVID-19 public health emergency. This profile highlights how New Hampshire is using these recovery dollars for affordable housing. NCSHA Survey: New Hampshire Fiscal Recovery Fund Total Investment for Affordable […]
Read More… from State Fiscal Recovery Funds in Action: New Hampshire
On October 31, 2022, NCSHA submitted comments to the Federal Housing Finance Agency (FHFA) as part of FHFA’s recently announced comprehensive review of the Federal Home Loan Banks (FHLBs). Reflecting feedback from HFAs, including those who work closely with their FHLB, NCSHA asked FHFA to maintain the FHLB system’s regional structure, which helps to ensure […]
Read More… from NCSHA Comment Letter on FHFA Review of Federal Home Loan Banks
On October 27, 2022, NCSHA submitted comments to the Department of Housing and Urban Development in response to a Request for Information about HUD’s new Green and Resilient Retrofit Program (GRRP). In its letter, NCSHA urged HUD to provide as much flexibility as possible in how eligible applicants and recipients may use and structure GRRP […]
On October 20, 22, NCSHA and the Housing Policy Council sent a letter to FHA Commissioner Julia Gordon urging for an extension of eligibility for COVID-19 Recovery Home Retention Options to homeowners who have received assistance through the Homeowner Assistance Fund. View Document […]
Read More… from NCSHA, HPC Letter on HAF and FHA Loss Mitigation
The Internal Revenue Service’s Revenue Procedure 2022-38 provides the 2023 per-capita and small-state minimum levels for the Low Income Housing Tax Credit and Private Activity Bonds. In 2023, states will receive the greater of $2.75 per capita or $3,185,000 in Housing Credit authority and the greater of $120 per capita or $358,845,000 in PAB volume […]
Read More… from IRS Revenue Procedure 2022-38: 2023 Housing Credit and Housing Bond Volume Caps
This October 18, 2022, letter from NCSHA urges the U.S. Treasury Department to clarify in writing that the Government Sponsored Enterprises, Fannie Mae and Freddie Mac, are not Tax Exempt Controlled Entities under Section 168(h)(6)(F)(i) of the Internal Revenue Code. View Document […]
Read More… from NCSHA Letter to Treasury on Tax Status of GSEs
On October 17, 2022, NCSHA sent this letter to the U.S. Department of Veterans Affairs (VA) urging the Secretary to extend temporarily the October 28 expiration date of the VA Partial Claim Payment for homeowners who have been pre-qualified by their state’s Homeowner Assistance Fund program. View Document […]
Read More… from NCSHA Asks Veterans Affairs to Maintain Partial Claim Payment Option
Thirty-five Senators (25 Democrats and 10 Republicans) signed a letter led by Senators Jack Reed (D-RI) and Jerry Moran (R-KS) asking the U.S. Department of Housing and Urban Development to “withdraw HUD’s draft solicitation for Housing Assistance Payments (HAP) Contract Support Services and work with key partners to develop a proposal that recognizes the value […]
Read More… from 35 Senators Sign Reed-Moran Letter Asking HUD to Withdraw, Rethink PBCA Procurement
On October 17, 2022, NCSHA submitted these comments in response to the Federal Housing Finance Agency’s (FHFA) proposed multifamily goals for Fannie Mae and Freddie Mac for 2023 and 2024. In the letter, NCSHA expressed support for FHFA’s proposal to change the goals from requiring that a set number of units financed by the firms […]
