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Testimony, Comments, Correspondence

NCSHA’s 2020 Election Analysis

NCSHA offers these analyses of the 2020 election results.

NCSHA Comment Letter on CFPB’s Proposed Rule on the Qualified Mortgage Definition

On September 8, 2020, NCSHA submitted this letter supporting the Consumer Financial Protection Bureau’s proposal to eliminate the maximum borrower debt-to-income ratio of 43 percent that mortgages must meet to satisfy the definition of “Qualified Mortgage.”

NCSHA Comments on IRS’s 2020 Housing Credit Compliance Monitoring Proposed Rule

On September 8, 2020, NCSHA submitted this comment letter in response to the Internal Revenue Service’s proposed rule modifying the minimum sample size for Low Income Housing Tax Credit compliance monitoring requirements.

NCSHA Comments on FHFA’s Proposed Capital Rule for Fannie Mae and Freddie Mac

This August 31, 2020, letter to Director Mark Calabria comments on Federal Housing Finance Agency’s proposed capital framework for Fannie Mae and Freddie Mac.  

Joint Industry Group Statement on Fannie Mae and Freddie Mac Adverse Market Fee

On August 13, 2020, NCSHA joined a broad coalition of organizations representing the housing and financial services industries as well as public interest groups in issuing this statement on the GSEs′ new adverse market fee on refinancings.

NCSHA Joins Coalition in Letter to FHA Commissioner on FHA Single-Family Borrower Guidelines

This letter, signed by a 19-member coalition that included NCSHA, urges  FHA Commissioner Dana Wade to revise the FHA single-family guidelines with those of other federal agencies to allow for the use of the actual monthly student loan payment amount in the DTI calculation or reduce FHA’s 1% requirement to 0.5%.

Interview: State HFAs Remain Stable During the COVID-19 Crisis

The June 2020 edition of Down Payment Report included an interview with NCSHA Executive Director Stockton Williams in which he highlighted that state housing finance agencies have been accessing bond markets and mortgage backed securities to provide affordable homeownership financing for home buyers within their states; that state HFAs are doing as much or more business than they were at this time a year ago; and how state HFAs, through their down payment assistance programs, can play an even bigger role in closing the homeownership gap between people of color and white Americans.

NCSHA Summary of the Moving Forward Act (H.R. 2)

This summary describes the House Democrats’ new $1.5 trillion infrastructure bill, the Moving Forward Act, H.R. 2, which would provide funding for roads, bridges, schools, broadband access, and affordable housing. The bill would increase the amount of Housing Credit and Private Activity Bond authority provided to states annually, make a number of changes to the Housing Credit and Bond programs, establish a new state-administered single-family housing tax credit, and make a number of other changes summarized below.

HOME COVID-19 Funding Request Letter

On June 25, 2020, one hundred and eighty national, state, and local organizations, including NCSHA, sent this letter to House and Senate Transportation, Housing, and Urban Development Appropriations Subcommittee leadership requesting $14 billion for the HOME Investment Partnerships Program in the next COVID-19 relief package.