On January 21, 2022, the Campaign for Housing and Community Development Funding, of which NCSHA is a member, sent this letter to congressional leadership urging them to quickly enact the Build Back Better Act including its $154 billion in investments in critical housing and community development. View Letter […]
This notice extends and expands temporary relief originally provided under Notice 2020-23, Notice 2020-53, and Notice 2021-12 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 Prior Notices Notice 2021-12 Notice 2020-53 Notice 2020-23 […]
Virginia Mortgage Relief Program Website From Virginia Housing Virginia Mortgage Relief Program, or VMRP, provides assistance to homeowners in Virginia experiencing financial hardship due to COVID-19, to help prevent and/or ease mortgage delinquencies, defaults, foreclosures and displacement. Financial hardship could include an increase in living expenses, childcare, change in household size, job loss or reduction […]
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On December 22, 2021, the Federal Housing Finance Agency published a final rule establishing the single-family and multifamily affordable housing goals for Fannie Mae and Freddie Mac for years 2022–2024. The final rule increases all of the single-family goals and subgoals and establishes two new subgoals, one targeting minority communities and the other targeting low-income […]
This December 10, 2021, letter, spearheaded by NCSHA and signed by 18 additional organizations representing state and local government officials and Housing Credit industry participants, urges U.S. Treasury Secretary Janet Yellen to modify existing guidance on the Coronavirus State and Local Fiscal Recovery Fund to provide more flexibility in the use of these funds in […]
This summary provides details of the proposed “First Generation Down Payment Fund” program. This program has been included in the text of the “Build Back Better Act” that passed the House of Representatives on November 19, 2021. This summary reflects the Senate Banking Committee print of its provisions for the Build Back Better Act it […]
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The U.S. Department of the Treasury, on December 8, 2021, published Frequently Asked Questions regarding the reporting requirements to which Homeowner Assistance Fund-administering agencies must adhere. View FAQs […]
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The U.S. Department of the Treasury, on December 8, 2021, published guidance for Homeowner Assistance Fund-administering agencies regarding the interim report they are required to submit to Treasury by February 28, 2022. View Document […]
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If you are a homeowner at risk of mortgage delinquency or default, foreclosure, loss of utilities or home energy services, or displacement as a result of financial hardship experienced after January 21, 2020, significant resources are and will become available. Among them is the federal Homeowner Assistance Fund: Find out about your state’s program here. […]
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