Testimony, Comments, Correspondence
ACTION Letter on Housing Credit Priorities in the Lame Duck Session
This November 21, 2022, letter, organized by the ACTION Campaign and signed by more than 2,500 businesses, nonprofits, and organizations from across the nation, urged Congress to pass legislation during the 2022 lame duck session that would expand production of affordable housing by increasing Housing Credit authority by 50 percent and enhancing the use of Private Activity Bond authority for rental housing production by lowering the bond financing threshold from 50 to 25 percent. NCSHA and Enterprise Community Partners co-chair the ACTION Campaign.
NCSHA’s 2022 Election Analysis
NCSHA offers these analyses of the 2022 election results.
NCSHA Comment Letter on FHFA Review of Federal Home Loan Banks
On October 31, 2022, NCSHA submitted comments to the Federal Housing Finance Agency (FHFA) as part of FHFA’s recently announced comprehensive review of the Federal Home Loan Banks (FHLBs). Reflecting feedback from HFAs, including those who work closely with their FHLB, NCSHA asked FHFA to maintain the FHLB system’s regional structure, which helps to ensure that the FHLBs better address the nation’s diverse housing needs. NCSHA also urged FHFA to consider ways the FHLBs can better pair their affordable housing activities with important federal, state, and local government programs, particularly those administered by HFAs, and to recommend to Congress that each FHLB's contribution level for their Affordable Housing Programs be increased from 10 to 15 percent.
NCSHA Comments on HUD Green Retrofit RFI
On October 27, 2022, NCSHA submitted comments to the Department of Housing and Urban Development in response to a Request for Information about HUD's new Green and Resilient Retrofit Program (GRRP). In its letter, NCSHA urged HUD to provide as much flexibility as possible in how eligible applicants and recipients may use and structure GRRP funds.
NCSHA, HPC Letter on HAF and FHA Loss Mitigation
On October 20, NCSHA and the Housing Policy Council (HPC) sent a letter to FHA Commissioner Gordon, urging for an extension on eligibility for COVID-19 Recovery Home Retention Options to homeowners who have received assistance through the Homeowner Assistance Fund (HAF).
NCSHA Letter to Treasury on Tax Status of GSEs
This October 18, 2022, letter from NCSHA urges the U.S. Treasury Department to clarify in writing that the Government Sponsored Enterprises, Fannie Mae and Freddie Mac, are not Tax Exempt Controlled Entities under Section 168(h)(6)(F)(i) of the Internal Revenue Code.
NCSHA Asks Veterans Affairs to Maintain Partial Claim Payment Option
On October 17, 2022, NCSHA sent this letter to the U.S. Department of Veterans Affairs (VA) urging the Secretary to extend temporarily the October 28 expiration date of the VA Partial Claim Payment for homeowners who have been pre-qualified by their state’s Homeowner Assistance Fund program.
NCSHA Comments on FHFA Proposed 2023 and 2024 Multifamily Housing Goals for Fannie Mae, Freddie Mac
On October 17, 2022, NCSHA submitted these comments in response to the Federal Housing Finance Agency’s (FHFA) proposed multifamily goals for Fannie Mae and Freddie Mac for 2023 and 2024. In the letter, NCSHA expressed support for FHFA’s proposal to change the goals from requiring that a set number of units financed by the firms meet the goals to requiring that a certain percentage of the units financed meet the goals. NCSHA also asked FHFA to increase the specific goal thresholds it proposes.
Joint Letter to Treasury Requesting an Extension to ERA Reporting Deadline for Quarter 3 of 2022
NCSHA, along with other major national organizations representing Emergency Rental Assistance (ERA) grantees — the American Public Human Services Association, Council of State Community Development Agencies, National American Indian Housing Council, National Association of Counties, National Community Development Association, and National League of Cities — sent this October 11, 2022, letter to the Treasury Department requesting an extension of the ERA reporting deadline for Quarter 3 of 2022.
