This letter is signed by members of the Community Reinvestment Act Coalition, sent to Jerome Powell, Chairman of the Federal Reserve Board of Governors; Joseph Otting, Comptroller of the Currency; and Jelena McWilliams, Chairwoman of the Federal Deposit Insurance Corporation. […]
This paper highlights the research efforts of various housing organizations to demonstrate the importance of innovation to improve housing affordability. The Ivory Prize was designed to advance projects and reward innovators for their efforts to develop adoptable solutions to tackle housing affordability. Solutions were sought in three key award component areas: (1) construction/design, (2) finance, […]
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The U.S. Treasury Department and the Department of Housing and Urban Development (HUD) sent to President Trump their respective proposals for reforming the housing finance system. Both plans, which respond to an executive memorandum issued by Trump in March, include a mix of legislative and administrative proposals for reform. This memorandum summarizes the plans and […]
Read More… from NCSHA Summary of Treasury and HUD Housing Finance Reform Plans
On August 16, HUD released a proposed revision of its Disparate Impact Rule, which implements HUD’s interpretation of the Fair Housing Act’s Discriminatory Effects Standard, to better reflect the Supreme Court’s 2015 ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. […]
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Below is a statement from NCSHA strongly urging Congress to amend Section 238 of the House-passed FY 2020 HUD Appropriations bill, intended to respond to discrete issues related to public housing contracts, before enacting final FY 2020 HUD spending legislation. […]
Read More… from NCSHA Statement on Section 238 Language for FY 2020 Appropriations
This document is the Staff Statement on Opportunity Zones: Federal and State Securities Law Considerations from the staffs of the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), in which they provide a summary of the Opportunity Zones program that briefly discusses the program and describes the compliance implications for […]
Read More… from SEC and NASAA Staff Statement on Opportunity Zones
NCSHA’s State HFA Factbook is the best source of information on HFAs and their program activity. Users can now access and filter that valuable data online through the HFA Factbook Online: Data Visualization and Reports. NCSHA offered an orientation webinar in June 2019. Access the recording below. If you would like a personal tour, please […]
Read More… from NCSHA’s State HFA Factbook: Orientation Webinar
NCSHA sent this letter to the Department of Housing and Urban Development regarding its proposed rule on the Housing and Community Development Act of 1980: Verification of Eligible Status. NCSHA appreciates Secretary Carson’s stated desire to reduce waiting lists for housing assistance, but the proposed rule is not well designed to meet this goal and […]
Read More… from NCSHA Comment Letter on HUD Mixed-Status Proposed Rule
On July 1, 2019, NCSHA submitted comments to the Internal Revenue Service regarding the second tranche of IRS regulations related to implementation of the Opportunity Zone tax incentive. […]
