On November 10, 2021, 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 Document […]
Read More… from CHCDF Sign-On Letter to Congress Urging Enactment of the Build Back Better Act
Internal Revenue Service Revenue Procedure 2021-47 addresses the federal tax status and reporting requirements for assistance payments made to homeowners through the Homeowner Assistance Fund (HAF). The Revenue Procedure states that assistance payments made to homeowners under HAF are not considered gross income for federal tax purposes but instead qualify as disaster relief payments. Consequently, […]
On October 29, 2021, NCSHA sent this letter to the U.S. Department of Housing and Urban Development (HUD) to discuss the negative impact that the Federal Housing Administration proposed 40-year loan modification would have on the state HFA Mortgage Revenue Bond programs and request that HUD either exempt state HFAs from this requirement or permit […]
Read More… from NCSHA Letter to HUD on FHA Proposed 40-Year Loan Modification
On October 29, 2021, NCSHA submitted this letter to the Office of the Comptroller of the Currency (OCC) on its September 2021 proposed rule to amend its Community Reinvestment Act (CRA) regulations finalized in June 2020. In the letter, NCSHA expressed support for OCC’s proposal which would effectively rescind its current CRA rules and replace […]
Read More… from NCSHA Letter to OCC on Proposed Community Reinvestment Act Reforms
This October 28, 2021, document communicates the Treasury Department’s responses to some of the questions NCSHA submitted on October 20 regarding quarterly ERA reporting. View Document […]
Read More… from Treasury Responses to ERA Reporting Questions Submitted by NCSHA
Emergency Rental Assistance (ERA) program grantees who have obligated 65 percent or more of their ERA 1 as of September 30, 2021, may submit this form to the Treasury Department requesting additional ERA 1 funds from the excess funds Treasury has recaptured from other grantees. View Document […]
Emergency Rental Assistance (ERA) program grantees who have obligated less than 65 percent of their ERA 1 grant as of September 30, 2021, must submit this Program Improvement Plan form to the Treasury Department. View Document […]
Emergency Rental Assistance (ERA) program grantees are required to submit this certification to the Treasury Department indicating the amount of their ERA 1 grant they have obligated through September 30, 2021. View Document […]
On October 26, 2021, during a Senate Finance Committee hearing, Senator Maria Cantwell (D-WA) called for the inclusion of a significant increase in the Housing Credit in the Build Back Better reconciliation legislation currently under negotiation in Congress. Cantwell said: “Our committee here has done great work on the Low-Income Housing Tax Credit, but we […]
