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 […]
Fifty-three Representatives (46 Democrats and seven Republicans) signed a letter led by Representative James Langevin (D-RI) urging the U.S. Department of Housing and Urban Development to “withdraw the draft solicitation in favor of developing a proposal with key partners that recognizes the value of state-based program administration, improves efficiency, and achieves the best outcomes for […]
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 October 11, 2022, letter to the Treasury Department […]
This notice extends and expands temporary relief originally provided under Notice 2020-23, Notice 2020-53, Notice 2021-12, and Notice 2022-05 from certain requirements under Section 42 of the Internal Revenue Code for Housing Credit properties in response to the ongoing COVID-19 pandemic. View Document […]
