In April 2022, Representative Joyce Beatty (D-OH) circulated to her House colleagues this sign-on letter requesting support from the House Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to increase funding for the HOME Investment Partnerships program (HOME) to at least $2.5 billion for fiscal year 2023. View Document […]
Read More… from House Dear-Colleague Letter: HOME Investment Partnerships Program FY 2023
The Coronavirus State and Local Fiscal Recovery Fund provides billions to state, local, and tribal governments to support their response to and recovery from the COVID-19 public health emergency. This profile highlights how one state is using these recovery dollars for affordable housing. Governor Sisolak, federal, local partners formally launch ‘Home Means Nevada’ initiative […]
Read More… from State Fiscal Recovery Funds in Action: Nevada
The Federal Housing Finance Agency (FHFA) published this Strategic Plan for Fiscal Years 2022–26 on April 14. The plan outlines FHFA’s priorities as the regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The plan sets three main goals for […]
Read More… from FHFA Strategic Plan for Enterprise Conservatorship for 2022–26
This “Dear Colleague” letter, circulated by Representatives Alma Adams (D-NC) and David Rouzer (R-NC), encourages members of the House of Representatives to cosponsor the bipartisan LIHTC Financing Enabling Long-Term Investment in Neighborhood Excellence (LIFELINE) Act, H.R. 7078, which Adams and Rouzer introduced on March 15. NCSHA has endorsed the legislation. View Document […]
Read More… from Dear Colleague Letter: House LIFELINE Act, H.R. 7078
Illinois Emergency Homeowner Assistance Fund From Illinois Housing Development Authority The Illinois Homeowner Assistance Fund Program (ILHAF) provides direct financial assistance to prevent mortgage delinquencies, defaults, displacements, and foreclosures for income-eligible homeowners experiencing pandemic-related hardships in Illinois. The state is now accepting applications from homeowners for grants of up to $30,000 to eliminate or reduce […]
Read More… from Featured HAF Program: Illinois Homeowner Assistance Fund
This April 5, 2022, letter, signed by 30 national organizations including NCSHA, raises concerns about the potential impact of the OECD Pillar II Model Rules implementing a global minimum tax on community development financing tools, including the Housing Credit and tax-exempt bonds. View Document […]
On March 30, 2022, the Internal Revenue Service published Revenue Procedure 2022-21, 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 […]
These documents provide information on reallocation of Emergency Rental Assistance funds authorized under the American Rescue Plan Act (ERA 2). View Guidance View Summary […]
On March 30, the U.S. Department of the Treasury released draft guidance outlining the annual and quarterly reporting requirements for the Homeowner Assistance Fund (HAF). Treasury will be accepting public comments on the draft guidance until April 14, 2022. View Document Find the Homeowner Assistance Fund Program in Your Area […]
Read More… from Treasury Draft Guidance on Homeowner Assistance Fund Annual and Quarterly Reporting
