Explore how HFAs use securitization, including the to-be-announced (TBA) market and cash window, to finance affordable homeownership loans. Learn about the roles of Fannie Mae, Freddie Mac, and Ginnie Mae; hedging; pipeline management and other operational concerns; and how to combine securitization and MRBs. DISCUSSION LEADER Tara Pavlik, Managing Director of Homeownership | Illinois Housing […]
Legal experts brief you on new developments with FHA, VA, and Rural Housing servicing policies and respond to your questions related to insurance claims, property management, assumptions, and post-COVID-19 forbearance options. DISCUSSION LEADER Brent Adney, Director, Homeownership Programs | South Dakota Housing Development Authority PARTICIPANTS Matt Martin, Director, Servicing & Loss Mitigation | U.S. Department […]
Read More… from Servicing Essentials: A Conversation with Federal Program Experts (HFAi21)
Industry experts cover the ins and outs of mortgage revenue bonds (MRBs) — the HFAs’ traditional means of financing affordable homeownership lending — including the terminology, eligibility requirements, bond issuance players, documentation, operations, and deal structuring. DISCUSSION LEADER Coleen Baumert, Director, Homeownership Programs | Pennsylvania Housing Finance Agency PARTICIPANTS Benjamin Killion, Vice President | Caine […]
Read More… from Homeownership Financing 101: Mortgage Revenue Bonds (HFAi21)
Leading housing economists and insiders present home-buying and home improvement market trends, demographic shifts, housing affordability challenges, racial equity concerns, and the impact of COVID-19 on homeownership. DISCUSSION LEADER Garth Rieman, Director of Housing Advocacy and Strategic Initiatives | National Council of State Housing Agencies PARTICIPANTS Rob Dietz, Chief Economist and Senior Vice President | […]
This letter, sent on January 25, 2021, to Treasury Department officials in the newly instated Biden Administration, contains NCSHA’s recommendations on the guidance grantees would need to implement the Emergency Rental Assistance program and on how the Treasury Department should amend the ERA guidance issued under the former administration. View Document […]
On January 25, 2021, NCSHA submitted comments to the Internal Revenue Service on Form 8609 (Low Income Housing Credit Allocation and Certification). These comments suggest form revisions related to the minimum 4 percent Credit rate enacted in the Consolidated Appropriations Act of 2021, the ability of state agencies to notify IRS about carryover allocation or […]
On January 21, 2021, NCSHA joined a broad coalition of organizations representing the affordable housing industry in this letter to President Biden and the Departments of the Treasury, Housing and Urban Development, and Agriculture expressing unified support for the $25 billion Housing Assistance Fund to be included in the American Rescue Plan to help homeowners […]
This notice extends the relief provided by IRS Notice 2020-39 and provides additional relief for Qualified Opportunity Funds and their investors in response to the COVID-19 pandemic. Notice 2021-10 specifically provides relief from the 180-day Opportunity Zone investment requirement, the 30-month substantial improvement period, the 90 percent investment standard, the 12-month reinvestment period for Opportunity […]
Read More… from IRS Notice: 2021-10 Opportunity Zones COVID-19 Relief Extension
This notice extends and expands temporary relief originally provided under previous Notice 2020-23 and Notice 2020-53 from certain requirements under Section 42 of the Internal Revenue Code for Housing Credit properties in response to the ongoing COVID-19 pandemic. Notice 2021-17 provides further clarification on the implementation of this Notice. The deadline extensions and waivers provided in this Notice have […]
