Testimony, Comments, Correspondence
CHCDF Sign-On Letter to Congress Urging Enactment of the Build Back Better Act
On November 10, 2021, the Campaign for Housing and Community Development Funding, of which NCSHA is a member, sent this letter to congressional leadership urging them to quickly enact the $154 billion investments in critical housing and community development investments in the Build Back Better Act.
NCSHA Letter to HUD on FHA Proposed 40-Year Loan Modification
On October 29, 2021, NCSHA sent this letter to the U.S. Department of Housing and Urban Development (HUD) to discuss the negative impact that the Federal Housing Administration proposed 40-year loan modification would have on the state HFA Mortgage Revenue Bond programs and request that HUD either exempt state HFAs from this requirement or permit them to request and be granted a waiver.
NCSHA Letter to OCC on Proposed Community Reinvestment Act Reforms
On October 29, 2021, NCSHA submitted this letter to the Office of the Comptroller of the Currency (OCC) on its September 2021 proposed rule to amend its Community Reinvestment Act (CRA) regulations finalized in June 2020. In the letter, NCSHA expressed support for OCCās proposal which would effectively rescind its current CRA rules and replace them with its previous CRA regulations while it works with other federal banking regulators to develop common CRA rules. NCSHA argues that the current CRA guidance could reduce bank investments in Housing Credits, Housing Bonds, and other needed community and economic development activities.
NCSHA Letter to FHFA on GSE Affordable Housing Goals
On October 25, 2021, NCSHA sent the Federal Housing Finance Agency (FHFA) these comments on its proposed 2022-2024 affordable housing goals for Fannie Mae and Freddie Mac. The letter urges the FHFA to finalize the increased single-family and multifamily goals included in the proposed rule and expressed support for FHFAās proposal to establish a new subgoal for single-family loans used to purchase loans in minority census tracts.
ACTION Letter to President, Congressional Leadership in Support of Housing Credit Production Provisions in Build Back Better Act
This October 25, 2021, letter from 428 Housing Credit stakeholders and members of the ACTION Campaign to President Biden, Speaker Pelosi, and Majority Leader Schumer urges them to preserve the Housing Credit production provisions in the final Build Back Better reconciliation legislation.
NCSHA Letter to FHFA on GSE Equitable Housing Finance Plans
On October 25, 2021, NCSHA submitted this letter to the Federal Housing Finance Agency (FHFA) on its directive requiring the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to āprepare and implement three-year Equitable Housing Finance Plans.ā In the letter, NCSHA expresses its strong support for FHFAās directive and outlines two specific opportunities for GSE partnerships with HFAs that can help the GSEs better serve minority communities: expanding GSE financing through HFA homeownership programs, including their special HFA products, and piloting acquisition, development, and construction financing and small-dollar mortgage financing through HFAs.
CHCDF Letter to Congress on the Build Back Better Act
On October 23, 2021, the Campaign for Housing and Community Development Funding, of which NCSHA is a member, sent this letter to congressional leadership urging them to ensure funding for critical housing and community development investments in the Build Back Better Act at the highest levels possible.Ā
HOME Coalition Letter Urging Congressional Leadership to Support HOME Funding in the Build Back Better Act
On October 13, 2021, NCSHA and 17 other organizations sent this letter to congressional leadership to advocate for HOME funding being included in the Build Back Better Act.
Joint Letter Supporting the Housing Credit and Neighborhood Homes Credit in Reconciliation Legislation
This September 30 letter from NCSHA and 19 other members of the National Housing Conference urges House and Senate Democratic leadership and the Chairmen of the tax-writing committees to maintain...
