Resource Center

Looking for talking points or FAQs to prepare for a meeting on Capitol Hill? A copy of NCSHA’s annual Factbook? Housing research and analysis? A presentation from a recent conference to share with a colleague? A reference guide for Housing Credit, HOME, MRBs, or Section 8 program administration? You’ve come to the right place: The NCSHA Resource Center is your source for this important information and much more. Refer to the right sidebar to see resource categories or use the search bar to search resources by topic.

NCSHA Members: Looking for a specific resource from a past event or conference? Please contact us for assistance.

Emergency Housing Assistance Updates

Preserving Community and Neighborhood Choice Final Rule

This final rule repeals HUD’s 2015 Affirmatively Furthering Fair Housing regulations and the 1994 Analysis of Impediments requirements where they appear in regulation and instead returns policy to HUD’s pre-1994 understanding of the 1968 Fair Housing Act’s obligation to affirmatively further fair housing. It requires HUD grantees to certify that they will take active steps to promote fair housing, without HUD prescribing specific guidelines for doing so.

PIH Notice 2020-14: Availability of Funding for HUD-VASH Vouchers

On July 8, 2020, the U.S. Department of Housing and Urban Development issued PIH Notice 2020-14 announcing the availability of $50 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) funding that will support approximately 6,000 new HUD-VASH vouchers. The vouchers are administered in partnership with the U.S. Department of Veterans Affairs and enable homeless veterans and their families to access affordable housing with an array of supportive services.

IRS/Treasury REG-123027-19 Housing Credit Compliance Monitoring Regulations Proposed Rule

This document provides proposed regulations relating to the sample size Housing Credit Agencies must monitor for program compliance, both physical inspections and low-income certification reviews. It allows agencies to monitor the lesser of 20 percent of the units in a building or the number provided in the Minimum Unit Sample Size Reference Chart.

IRS Notice 2020-53, Housing Credit Coronavirus Guidance

This notice extends and expands temporary relief provided under previous Notice 2020-23 from certain requirements under Section 42 of the IRC for Housing Credit properties in response to the ongoing COVID-19 pandemic. The deadline extensions and waivers provided in this Notice have since expired; however, the IRS issued subsequent Notices, Notice 2021-12 and 2022-05 providing further extension and expanding on the guidance in this Notice.

IRS Notice 2020-39 Extends Deadlines, Provides Guidance on Opportunity Zone Investment in Response to COVID-19

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, the working capital safe harbor, the 12-month reinvestment period for Opportunity Funds, and other program requirements.

HUD Update on Allocation of CARES Act Funding for Section 8 PBRA

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 tenant rent payments resulting from reduced tenant income. They also will accommodate increases in vacancy payment claims that may occur due to COVID-19-related delays in moving in new tenants.

FHFA Announcement of Refinance and Home Purchase Eligibility for Fannie Mae and Freddie Mac Borrowers

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.

Ginnie Mae APM 20-06: Treatment of Mortgage Delinquency Ratios for Issuers Affected by COVID-19

In response to the National Emergency declared by President Trump on March 13, 2020, in connection with COVID-19, Ginnie Mae is hereby provided Issuers temporary relief from the acceptable delinquency rate threshold requirement identified in Ch. 18, Part 3, § C of the Mortgage-Backed Securities (MBS).

CARES Act Forbearance Fact Sheet for Borrowers with FHA, VA, or USDA Loans

The Federal Housing Administration (FHA), Department of Agriculture (USDA), and 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.

CARES Act Forbearance Fact Sheet for Mortgagees and Servicers of FHA, VA, or USDA Loans

The Federal Housing Administration (FHA), Department of Agriculture (USDA), and 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.