This Treasury Department document provides answers to frequently asked questions about the Coronavirus State and Local Fiscal Recovery Funds (FRF). Of particular interest to housing stakeholders are sections 1.8 (use of funds by nonprofits); 2.14 (investments in affordable housing); 2.24 (eviction prevention and housing stability); 4.2 (infrastructure costs in affordable housing); 4.9 (use of FRF […]
Read More… from Fiscal Recovery Funds Final Rule: Frequently Asked Questions
On May 6, 2022, Senator Chris Coons (D-DE) delivered a sign-on letter to Chair Brian Schatz (D-HI) and Ranking Member Susan Collins (R-ME) of the Senate Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies. Signed by 43 senators, the letter urges the subcommittee to increase funding for the HOME Investment […]
Read More… from Senate Dear-Colleague Letter: HOME Investment Partnerships Program FY 2023
On May 5, 2022, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking amending the agencies’ Community Reinvestment Act (CRA) regulations. The proposal includes a new framework and updated metrics for measuring large banks’ CRA compliance and an expansion of […]
This fact sheet provided by the Treasury Department presents examples of how state, local, and tribal governments are using Coronavirus State and Local Fiscal Recovery Fund resources for various affordable housing activities. View Document […]
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 North Carolina is using these recovery dollars for affordable housing. The LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act, H.R. […]
Read More… from State Fiscal Recovery Funds in Action: North Carolina
NCSHA, along with 788 national, state, and local organizations, sent this letter to Chair Brian Schatz (D-HI) and Ranking Member Susan Collins (R-ME) of the Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) and Chair David Price (D-NC) and Ranking Member Mario Diaz-Balart (R-FL) of the House Appropriations THUD Subcommittee to express strong […]
Read More… from HOME Coalition Sign-On Letter: FY 2023 Funding for HOME
In this April 28, 2022, letter, NCSHA urged Ginnie Mae President Alanna McCargo to extend again Ginnie Mae’s delinquency ratio exemption beyond the June expiration. The Ginnie Mae MBS Guide specifies the delinquency ratios on outstanding pools and loan packages below which an issuer must remain to avoid sanction. View Document […]
Read More… from Third NCSHA Letter to Ginnie Mae on Delinquency Ratio Exemption Extension
On April 27, 2022, Freddie Mac published its approved Underserved Markets Plan for 2022–24. The plan outlines how Freddie Mac intends to fulfill its obligations under the Federal Housing Finance Agency’s Enterprise Duty-to-Serve Rule. The Duty-to-Serve Rule requires Freddie Mac and Fannie Mae to support lending for housing for very low-, low-, and moderate-income families […]
Read More… from Freddie Mac Underserved Markets Plan for 2022–24
On April 27, 2022, Fannie Mae published its approved Underserved Markets Plan for 2022–24. The plan outlines how Fannie Mae intends to fulfill its obligations under the Federal Housing Finance Agency’s Enterprise Duty-to-Serve Rule. The Duty-to-Serve Rule requires Fannie Mae and Freddie Mac to support lending for housing for very low-, low-, and moderate-income families […]
Read More… from Fannie Mae Underserved Markets Plan for 2022–24
