Testimony, Comments, Correspondence
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 FHFAโs 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 buyerโs 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 Agencyโs proposed rule on Fair Lending Oversight. The press release expresses support for FHFAโs proposal to codify into federal regulations the requirement that Fannie Mae and Freddie Mac publish and maintain Equitable Housing Finance Plans.
NCSHA Comments to USDA on Single-Family Housing Guaranteed Loan Program Proposed Rule
NCSHA submitted comments on March 28, 2023, to the U.S. Department of Agriculture on a proposed rule for the Single-Family Housing Guaranteed Loan Program.
House Dear Colleague Letter: HOME Investment Partnerships Program FY 2024
Congresswoman Joyce Beatty (D-OH) circulated this sign-on letter to her colleagues in March 2023. Addressed to Chair Tom Cole (R-OK) and Ranking Member Mike Quigley (D-IL), the letter urges the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to increase funding for the HOME Investment Partnerships program to at least $2.5 billion for fiscal year 2024.
Senate Dear Colleague Letter: HOME Investment Partnerships Program FY24
Senator Chris Coons (D-DE) circulated this sign-on letter to his colleagues in the Senate in March 2023. The letter urges the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to increase funding for the HOME Investment Partnerships Program to at least $2.1 billion for fiscal year 2024.
