NCSHA submitted this letter to the Federal Housing Finance Agency on January 31, 2019, to respond to its October 29, 2018, proposed rule to amend the affordable housing goals for the Federal Home Loan Banks. View Document […]
Read More… from NCSHA Comments on FHFA’s FHLB Housing Goals Proposed Rule
On June 9, 2020, NCSHA and several other housing organizations, representing a broad cross-section of the housing and financial services industries, wrote HUD Secretary Carson to express their concern with the recently announced Federal Housing Administration (FHA) policy requiring lenders to provide 20 percent indemnification (of the original loan amount) for up to two years […]
On June 1, 2020, 67 mayors sent this letter to congressional leadership urging them to enact a minimum 4 percent Housing Credit rate and lower the 50 percent test in the next coronavirus relief legislation. The ACTION Campaign, co-chaired by NCSHA and Enterprise Community Partners, coordinated the letter. View Document […]
In response to the COVID-19 pandemic, IRS Notice 2020-39 extends the deadline to invest in a Qualified Opportunity Fund until December 31, 2020, for all taxpayers if the 180th day after a capital gain is recognized between April 1, 2020, and December 31, 2020. This notice also provides guidance on the 30-month substantial improvement test, […]
On May 28, 2020, HUD announced it would complete funding actions to provide $800 million of CARES Act supplemental appropriations to approximately 16,500 properties with Section 8 project-based rental assistance contracts to maintain normal operations. These resources, in addition to amounts appropriated under the Fiscal Year 2020 appropriations act, will help compensate owners for decreased […]
Read More… from HUD Update on Allocation of CARES Act Funding for Section 8 PBRA
Senate Finance Committee Ranking Member Ron Wyden (D-OR) announced that he will press to include Housing Credit enhancements in the next coronavirus relief bill, including many of NCSHA’s priorities. Senator Wyden’s priorities for the next bill include suspending Housing Credit compliance requirements and deadlines for 12 months, as NCSHA has requested of IRS; setting a […]
When FHFA released the draft of its lengthy notice of proposed rulemaking for Fannie Mae and Freddie Mac capital requirements, it also provided this Fact Sheet summary document. […]
As part of its response to the coronavirus national emergency, FHFA announced that Fannie Mae and Freddie Mae will, temporarily, purchase loans originated to borrowers in forbearance, and that enhanced due diligence will be required to do so. […]
This document provides talking points HFAs and their partners can use to advocate for the enactment of the Emergency Rental Assistance and Rental Market Stabilization Act. […]
