Testimony, Comments, Correspondence
The ACTION Campaign, which NCSHA co-chairs with Enterprise Community Partners, sent this letter, signed by 2,421 organizations from across the nation, to House and Senate leaders urging them to support the passage of the Affordable Housing Credit Improvement Act (AHCIA) of 2021.
On May 28, 2021, NCSHA provided these comments to the Department of the Treasury and Internal Revenue Service on guidance projects the agencies should include in their 2021-2022 Priority Guidance Plan. The annual Priority Guidance Plan sets forth the tax issues Treasury and IRS intend to address through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance.
This memorandum outlines NCSHA’s top legislative priorities for 2021 federal infrastructure legislation.
On April 30, 2021, NCSHA and 17 other members of the A Call To Invest in Our Communities (ACTION) Campaign Steering Committee sent this letter to Senate Banking Committee Chair Sherrod Brown (D-OH) and Ranking Member Pat Toomey (R-PA) in support of Adrianne Todman’s nomination to become Deputy Secretary of the U.S. Department of Housing and Urban Development.
In this April 16 letter, NCSHA urges the U.S. Department of Housing and Urban Development to quickly issue guidance on the $5 billion for homelessness assistance and supportive services through the HOME Investment Partnerships program in the American Rescue Plan (HOME-ARP). The letter also includes recommendations on waivers and suspensions state HFAs will need to implement this program.
On March 12, 2021, NCSHA sent this letter to Treasury Secretary Janet Yellen outlining our policy recommendations for implementing the Homeowner Assistance Fund (HAF), included in the American Rescue Plan. In the letter, NCSHA makes three different types of suggestions 1) mission-critical items that must be included in whatever mechanism Treasury uses to disburse HAF funds to make the program operable; 2) issues that are necessary for Treasury to clarify or resolve for the programs to launch promptly; 3) steps Treasury can take when administering the program help ensure that assistance is delivered promptly and effectively.
On February 28, 2021, NCSHA provided these comments to the Federal Housing Finance Agency (FHFA) in response to its Advanced Notice of Proposed Rulemaking on Enterprise Housing Goals, urging FHFA to establish robust goals that push Fannie Mae and Freddie Mac (the Enterprises) to do as much responsible affordable lending as possible and to serve underserved markets better. In the letter, NCSHA also recommends that FHFA encourage the Enterprises to increase lending to people of color and address impediments to increased Enterprise support for HFA affordable housing lending.
NCSHA Letter to IRS, Treasury Urges Guidance on Implementing Minimum 4 Percent Rate, Disaster Housing Credits
In this February 26, 2021, letter, NCSHA urged the Internal Revenue Service and the U.S. Department of the Treasury to provide guidance on implementation of the minimum 4 percent Housing Credit rate and supplemental disaster Housing Credit authority, both enacted under the Consolidated Appropriations Act of 2021. The letter also urged revision of various IRS forms to facilitate reporting of both provisions.
On February 16, 2021, NCSHA sent this letter providing comments to the Federal Reserve System Board of Governors on its Notice of Proposed Rulemaking on Community Reinvestment Act regulations.