On September 2, 2020, the Centers for Disease Control and Prevention issued this emergency public health order to temporarily halt evictions to prevent the further spread of COVID-19.
HUD Waivers, Alternative Requirements for the Emergency Solutions Grants Program Under the CARES Act
Issued on September 1, 2020, this notice from the U.S. Department of Housing and Urban Development announces the allocation formula, amounts, and requirements for the $3.96 billion in funding for the Emergency Solutions Grants Program under the CARES Act.
This matrix shows critical components of state HFA emergency rental assistance programs established in response to the COVID-19 pandemic.
HUD Guidance on CDBG Coronavirus Response Grants and FY 2019 and FY 2020 CDBG and Other Formula Programs Related to the CARES Act
This notice describes the program rules, statutory and regulatory waivers, and alternative requirements applicable to supplemental Community Development Block Grant (CDBG) funds made available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to prevent, prepare for, and respond to the coronavirus pandemic and to annual formula CDBG grants awarded in FY 2019 and FY 2020.
Bipartisan House Sign-On Letter Supporting Housing Credit Provisions in Coronavirus Relief Legislation
This letter, signed by 103 members of the House of Representatives from both parties, urges House leadership to prioritize an increase in the Housing Credit volume cap, establishment of a minimum 4 percent rate for bond-financed Housing Credit developments, basis boosts for certain properties, and lowering the “50 percent Test” threshold for triggering Housing Credit equity in bond-financed properties.
House Member Sign-On Letter to Leadership Supporting Housing Credit Provisions in Coronavirus Relief Legislation
Representatives Suzan DelBene (D-WA) and Jackie Walorski (R-IN) are circulating this House of Representatives member sign-on letter in support of inclusion of the Low Income Housing Tax Credit priorities in the next coronavirus relief bill. The letter will be sent to House leadership.
This notice provides temporary relief from certain requirements under Section 42 of the IRC for Housing Credit properties in response to the ongoing Coronavirus Disease 2019 (COVID-19).
In response to the Notice of Proposed Rulemaking for the re-proposed Enterprise Regulatory Capital Framework, on June 30, 2020, NCSHA joined 16 other national associations and organizations in sending to FHFA Director Mark Calabria this request to increase the comment period from 60 to 120 days, to October 28, 2020.
On June 24, 2020, NCSHA joined a broad coalition of 36 affordable housing advocates, associations, and industry stakeholders on this letter addressed to HUD Secretary Carson and FHFA Director Calabria, and additionally sent to Treasury Secretary Mnuchin, National Economic Council Director Lawrence Kudlow, and the leadership of the Senate Banking, Housing, and Urban Affairs Committee and the House Financial Services Committee. The letter urged that FHA rescind and revise its 20 percent indemnification requirement for validly underwritten loans that go into forbearance post-closing but before the loans are insured. The letter also asked that FHFA rescind and revise the loan level price adjustments (of 500 or 700 basis points) for early payment forbearance loans it previously announced for loans sold to Fannie Mae and Freddie Mac, as they are contributing to marketwide credit overlays.