NCSHA staff prepared the attached memorandum to summarize the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act under consideration in the House of Representatives. The bill would provide more than $3 trillion for coronavirus relief in programs across government agencies, including state and local assistance; additional individual payments; and significant funding for education, public […]
On May 14, 2020, a group of Senators wrote Treasury Secretary Mnuchin and Federal Reserve System Board Chair Powell to encourage them to take further action to stabilize the municipal bond market to ensure state and local governments have access to needed medium- and long-term financing in the midst of the COVID-19 pandemic. View Letter […]
Read More… from Senators’ May 14 Letter to Treasury and the Federal Reserve on Municipal Bonds
On behalf of its state Housing Finance Agency (HFA) members, NCSHA wrote Ginnie Mae this letter on May 14, 2020, expressing appreciation for the steps it has taken to provide assistance to single-family and multifamily loan servicers affected by COVID-19, asking it to reconsider and amend key aspects of those programs, and urging it to […]
In response to the National Emergency declared by President Trump on March 13, 2020, in connection with COVID-19, Ginnie Mae provided Issuers temporary relief from the acceptable delinquency rate threshold requirement identified in Ch. 18, Part 3, § C of the Mortgage-Backed Securities (MBS). […]
This document provides talking points HFAs and their partners can use to advocate for supplemental HOME funding to assist in the COVID-19 response. […]
This document provides talking points that HFAs and their partners can use to advocate for the enactment of the Housing Assistance Fund. […]
Read More… from Why Congress Should Enact the Housing Assistance Fund
The Federal Housing Administration (FHA), the Department of Agriculture (USDA), and the Department of Veteran Affairs (VA) have aligned to provide consumers with information that outlines their responses to forbearance and loss mitigation options available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. View Document […]
Read More… from CARES Act Forbearance Fact Sheet for Borrowers with FHA, VA, or USDA Loans
The Federal Housing Administration (FHA), the Department of Agriculture (USDA), and the Department of Veteran Affairs (VA) have aligned to provide servicers with information that outlines their responses to forbearance and loss mitigation options available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. View Document […]
On May 6, 2020, 32 House members, led by Representative David Scott (D-GA), sent this letter to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) in support of $75 billion in funds to assist homeowners prevent foreclosures, defaults, and loss of utilities. View Letter […]
Read More… from House Congressional Sign-On Letter in Support of Assistance for Homeowners
