Testimony, Comments, Correspondence
On May 31, NCSHA submitted official comments in response to the U.S. Department of the Treasury’s request for information on data collection and tracking for Qualified Opportunity Funds. In our comments, we urged Treasury to collect project-level data for each Opportunity Zone investment including the dollar amount of capital invested, geographic location, existing use prior to investment, primary purpose of investment, and number of jobs created.
NCSHA sent this letter to the Internal Revenue Service regarding the recently enacted amendments to the Housing Credit compliance monitoring regulations. The letter urges IRS to rescind the new regulations and work with NCSHA and its members to develop a workable alternative.
On April 30, the House Financial Services held a hearing on “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.” The A Call To Invest in Our Neighborhoods (ACTION) Campaign posted a statement in response to the hearing.
NCSHA, on behalf of the state Housing Finance Agencies, sent this letter to the Federal Housing Administration (FHA) regarding the agency's recent issue of the Mortgagee Letter 2019-16. The letter clarifies FHA's policy regarding documentation requirements that FHA-approved mortgagees must satisfy when originating a mortgage for a borrower using funds from another person or entity to satisfy a portion or all of the "Minimum Required Investment," as defined by FHA.
NCSHA submitted comments to the Department of the Treasury and Internal Revenue Service urging them to provide guidance to HUD so that HUD will be able to publish area-specific income limits at the various designations allowable under the Average Income Test.
This letter was sent to Chairwoman Susan Collins and Ranking Member Jack Reed of the Senate Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) in support of the HOME Investment Partnerships Program (HOME).
On January 8, 2019, the Campaign for Housing and Community Development Funding (CHCDF) sent a letter to Senate Majority Leader Mitch McConnell, Senate Minority Leader Charles Schumer, Speaker of the House of Representatives Nancy Pelosi, and House Minority Leader Kevin McCarthy, urging congress to pass full year spending bills that provide strong funding for affordable housing and community development programs.
On December 28, NCSHA submitted official comments to the Internal Revenue Service (IRS) on proposed regulations implementing Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.
On November 2, 2018, NCSHA sent a letter to the Program Manager of the Division of Housing Mission and Goals of the Federal Housing Finance Agency (FHFA) responding to the their October 3rd Request for Input (RFI) on proposed modifications to Fannie Mae's Underserved Markets Plan (the Plan) for years 2018-2020. NCSHA thanks FHFA for continuing to involve the public and stakeholders in the Duty-to-Serve planning process.