COVID-19

Why Congress Should Enact Housing Credit Program Enhancements Related to the COVID-19 Pandemic

This document provides talking points HFAs and their partners can use to advocate for enhancement to the Housing Credit program needed in response to the COVID-19 pandemic, specifically setting a minimum 4 percent credit rate for bond-financed Housing Credit properties, lowering the “50 percent test,” and why members of Congress should weigh in with IRS to expedite Housing Credit COVID-19 guidance.

Treasury’s Coronavirus Relief Fund Frequently Asked Questions (Updated as of May 4, 2020)

This document includes answers to frequently asked questions regarding Treasury’s Coronavirus Relief Fund, which was established in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).

APM 20-05: Availability of Pass-Through Assistance Program for Participants in Ginnie Mae’s Multifamily MBS Program

Ginnie Mae’s APM 20-05 extends the COVID-19 Pass-Through Assistance Program to multifamily issuers.

NCSHA, Other Housing Advocacy Groups Support Emergency Rental Assistance Legislation

NCSHA joined more than 43 national, local, and business organizations in signing a coalition letter to congressional leaders expressing unified support for legislation to provide emergency rental assistance to tenants negatively affected by the COVID-19 pandemic and laying out principles to guide the development of such legislation.

Real Estate Industry Letters to Federal Agencies on COVID-19, Servicer Liquidity

On March 27 and April 7, respectively, National Association of REALTORS (NAR) President Vince Malta and NAR’s Mortgage Group sent letters to Treasury Secretary Steven Mnuchin, Federal Reserve Board Chair Jerome Powell, and Federal Housing Finance Agency Director Mark Calabria calling on them to maintain market liquidity and stability in light of growing forbearance requests and COVID-19’s impact on mortgage markets.

HOME Investment Partnerships Program FAQs: COVID-19 and CARES Act

This HUD document provides answers to frequently asked questions about the application of the temporary eviction moratorium in Section 4024 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to the HOME program.

May 1 Update of HUD Multifamily COVID-19 Q&A

On May 1, HUD’s Office of Multifamily Housing released updated COVID-19 questions and answers covering issues related to project financing, forbearance, the CARES Act moratorium on evictions, additional resources provided by the CARES Act, income verification, and asset management.

House “Dear Colleague” Letter Supporting Housing Assistance Fund

Representative David Scott (D-GA) has circulated this Dear Colleague letter to House members urging them to join him on a letter to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) asking for the establishment of a $75 billion Housing Assistance Fund in the next coronavirus relief legislation. The deadline to sign is close of business on Tuesday, May 5.

State Housing Finance Agency Federal Policy Priorities in Response to COVID-19

This memorandum summarizes NCSHA’s federal policy agenda related to the COVID-19 crisis on behalf of its member state housing finance agencies (HFAs), as of April 28, 2020. The first section summarizes our top legislative priorities for forthcoming fiscal stimulus legislation. The second section summarizes our priorities for federal policy and regulatory action.