Testimony, Comments, Correspondence
NCSHA Summary of the Neighborhood Homes Investment Act
This summary provides details from the โNeighborhood Homes Investment Act,โ text of which was included in the Build Back Better Act that passed the House of Representatives on November 19, 2021.ย
Campaign for Housing and Community Development Funding Letter on FY 2022 Appropriations
This November 19, 2021, letter sent by NCSHA and fellow steering committee members of the Campaign for Housing and Community Development Funding (CHCDF) urges Congress to enact fiscal year 2022 appropriations bills as soon as possible and outlines the devastating impacts on affordable housing and community development programs when multiple, or lengthy, continuing resolutions are in place.
NCSHA Letter to Treasury on Quarterly Reporting
This letter, sent by NCSHA to the Treasury Department on November 16, 2021, urges Treasury to provide a blanket extension for Emergency Rental Assistance quarterly reports until such time as the department is able to streamline quarterly reporting requirements, provide grantees with technical assistance on reporting, and fix technical problems in Treasuryโs ERA reporting portal.
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 OCCโs 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 FHFAโs 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 โprepare and implement three-year Equitable Housing Finance Plans.โ In the letter, NCSHA expresses its strong support for FHFAโs 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.
