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

Treasury Webinar on State and Local Fiscal Recovery Funds for Affordable Housing Production and Preservation

On August 11, 2022, the Treasury Department hosted a webinar on State and Local Fiscal Recovery Funds guidance for housing production and preservation. The guidance increases flexibility to use recovery funds to fully finance long-term affordable housing loans and expands presumptively eligible uses to further maximize the availability of recovery funds for affordable housing.

FHA and Ginnie Mae Request Input on Title I Manufactured Housing Programs

On July 27, 2022, FHA and Ginnie Mae jointly released a Request for Input (RFI) on their Title I Manufactured Housing Programs. Under Title I, FHA insures loans made by approved institutions for the purchase of manufactured homes and/or lots, and Ginnie Mae permits the securitization of such loans. The RFI seeks specific input on the current manufactured housing environment, the FHA Title I Manufactured Housing Program features, as well as Ginnie Mae’s Manufactured Housing Program. Responses are due September 26, 2022.

NCSHA Comments to the Department of Labor on Davis-Bacon Regulations

NCSHA submitted these comments to the Department of Labor’s Wage and Hour Division in response to its March 18 Notice of Proposed Rulemaking.

Fiscal Recovery Funds Final Rule: Frequently Asked Questions

This Treasury Department document provides answers to frequently asked questions about the Coronavirus State and Local Fiscal Recovery Funds (FRF). Of particular interest to housing stakeholders are sections 1.8 (use of funds by nonprofits); 2.14 (investments in affordable housing); 2.24 (eviction prevention and housing stability); 4.2 (infrastructure costs in affordable housing); 4.9 (use of FRF for loans, including more detail on cost of the loan and revolving loan funds); 6.15 (application of Davis-Bacon Act requirements), and 13.11 (treatment of program income).

Federal Banking Regulators’ May 5, 2022, Joint Notice of Proposed Rulemaking on the Community Reinvestment Act

On May 5, 2022, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking amending the agencies’ Community Reinvestment Act (CRA) regulations. The proposal includes a new framework and updated metrics for measuring large banks’ CRA compliance and an expansion of banks’ CRA assessment areas to include areas where they do not have a physical location but are still active. It also seeks to define more clearly what community development activities are eligible for CRA credit, including what activities would count as supporting affordable housing.

Treasury Department Fact Sheet: State, Local, Tribal Government Investment of Fiscal Recovery Funds for Affordable Housing

This fact sheet provided by the Treasury Department presents examples of how state, local, and tribal governments are using Coronavirus State and Local Fiscal Recovery Fund resources for various affordable housing activities.

Freddie Mac Underserved Markets Plan for 2022–24

On April 27, 2022, Freddie Mac published its approved Underserved Markets Plan for 2022–24. The plan outlines how Freddie Mac intends to fulfill its obligations under the Federal Housing Finance Agency’s Enterprise Duty-to-Serve Rule. The Duty-to-Serve Rule requires Freddie Mac and Fannie Mae to support lending for housing for very low-, low-, and moderate-income families (those earning 100 percent of area median income or below) in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and rural areas.

Fannie Mae Underserved Markets Plan for 2022–24

On April 27, 2022, Fannie Mae published its approved Underserved Markets Plan for 2022–24. The plan outlines how Fannie Mae intends to fulfill its obligations under the Federal Housing Finance Agency’s Enterprise Duty-to-Serve Rule. The Duty-to-Serve Rule requires Fannie Mae and Freddie Mac to support lending for housing for very low-, low-, and moderate-income families (those earning 100 percent of area median income or below) in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and rural areas.

FHFA Strategic Plan for Enterprise Conservatorship for 2022–26

The Federal Housing Finance Agency (FHFA) published this Strategic Plan for Fiscal Years 2022–2026 on April 14. The plan outlines FHFA’s priorities as the regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The plan sets three main goals for FHFA during the applicable time period: securing the FHLBs and GSEs’ safety and soundness, responsibly stewarding FHFA's infrastructure, and fostering housing finance markets that promote equitable access to affordable and sustainable housing.

IRS Revenue Procedure 2022-21: New MRB and MCC Purchase Price Limits and Safe Harbors

On March 30, 2022, the Internal Revenue Service published Revenue Procedure 2022-21, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. The revenue procedure establishes the new MRB and MCC purchase price limits by taking the Federal Housing Administration single-family loan limits set in November 2021 and dividing them by 1.083. It also sets the national average purchase price at $368,500 for computing the housing cost/income ratio, which provides for an upward adjustment to the percentage limitation in high housing cost areas.