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

The Affordable Housing Bond Enhancement Act

The Affordable Housing Bond Enhancement Act, introduced on June 6, 2023, by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA), enacts several of NCSHA’s long-standing priorities for strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. Notable changes include increasing the MRB home improvement loan limit, allowing MRBs to be used to fund refinancing loans, providing HFAs additional flexibility in how they utilize carryforward housing bond authority, and simplifying how a borrower’s MCC benefit is calculated.

NCSHA Comment Letter on Title V of McKinney-Vento Homeless Assistance Act

On May 19, 2023, NCSHA submitted this letter to the U.S. Department of Housing and Urban Development on proposed regulations governing Title V of the McKinney-Vento Homeless Assistance Act.

NCSHA Comment Letter on FHFA’s RFI on Single-Family Social Bonds

On May 17, 2023, NCSHA sent this letter to the Federal Housing Finance Agency (FHFA) in response to its February 16 Request for Input on Fannie Mae and Freddie Mac’s policies toward social bonds. In the letter, NCSHA argued that the Government Sponsored Enterprises (GSEs) issuing single-family mortgage securities classified as social bonds under the framework for Environmental, Social, and Governance (ESG) securities could help to increase liquidity in the single-family market and expand access to affordable homeownership loans for working families and other underserved communities. NCSHA urged FHFA to work with the GSEs to explore issuing single-family ESG bonds and suggested HFAs would be ideal partners with the GSEs as they develop and expand ESG programs.

NCSHA Comment Letter on FHFA’s Proposed Amendments to GSE Capital Standards

On May 12, 2023, NCSHA sent this letter to the Federal Housing Finance Agency (FHFA) in response to its proposed rule modifying several provisions of the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac. NCSHA expressed strong support for a provision of the proposed rule that would reduce by 40 percent the risk multiplier for multifamily mortgages backed by properties receiving government subsidies, including the Housing Credit. NCSHA urged FHFA to consider reducing the risk multiplier further and also to apply it to properties receiving funding through the HOME Investment Partnership program and from tax-exempt multifamily housing bonds. Additionally, the letter expressed support for FHFA’s proposals to reduce the risk weighting for commingled mortgage-backed securities that contain loans guaranteed by both Fannie Mae and Freddie Mac and to change how the firms determine a home buyer’s representative credit score for the purposes of the ERCF.

NCSHA Comment Letter on the Greenhouse Gas Reduction Fund Implementation Framework

NCSHA submitted these comments to the U.S. Environmental Protection Agency on its Greenhouse Gas Reduction Fund Implementation Framework.

NCSHA Comment Letter on NSPIRE

On April 27, 2023, NCSHA submitted these comments to the U.S. Department of Housing and Urban Development on the National Standards for the Physical Inspection of Real Estate (NSPIRE) and Associated Protocols, Proposed Scoring Notice.

ACTION Letter to Senate Banking Committee in Advance of April 2023 Hearing on Affordable Housing

On April 25, 2023, the ACTION Campaign, which NCSHA co-chairs, sent this letter to Senate Banking Committee Chair Sherrod Brown (D-OH) and Ranking Member Tim Scott (R-SC) in advance of the committee's April 26 hearing on affordable housing, proactively addressing previous criticism of the Housing Credit program.

NCSHA Comment Letter on 2023 Affirmatively Furthering Fair Housing Proposed Rule

On April 21, 2023, NCSHA submitted comments to the U.S. Department of Housing and Urban Development on the 2023 Affirmatively Furthering Fair Housing Proposed Rule.

Underserved Mortgage Markets Coalition Press Release on FHFA Proposed Fair Lending Oversight Rule

On April 19, 2023, NCSHA signed onto a press release by the Underserved Mortgage Markets Coalition (UMMC) regarding the Federal Housing Finance Agency’s proposed rule on Fair Lending Oversight. The press release expresses support for FHFA’s proposal to codify into federal regulations the requirement that Fannie Mae and Freddie Mac publish and maintain Equitable Housing Finance Plans.

IRS Revenue Procedure 2023-22: New MRB and MCC Purchase Price Limits and Safe Harbors

On April 19, 2023, the Internal Revenue Service published Revenue Procedure 2023-22, 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 released in December 2022 and dividing them by .883. It also sets the national average purchase price at $503,300 for computing the housing cost/income ratio, which determines which areas qualify as high-cost and are eligible for an increase in MRB/MCC income limits.