Testimony, Comments, Correspondence
National Sign-On Letter Supporting NCSHA Recommendations to IRS on Housing Credit COVID-19 Regulatory Relief
This letter, signed by 140 organizations from across the nation, urges IRS to enact Housing Credit COVID-19 regulatory relief requested by NCSHA in its November 16, 2020, letter to the IRS and Treasury.
NCSHA Letter to HUD on HOME COVID-19 Waivers Extension
On November 24, 2020, NCSHA sent this letter to the U.S. Department of Housing and Urban Development urging immediate action to extend the temporary relief provided by the pair of April 10, 2020, memoranda on the availability of waivers and suspensions of HOME Investment Partnership program requirements and HOME-Assisted Tenant-Based Rental Assistance for Emergency and Short-Term Assistance in response to the COVID-19 pandemic.
NCSHA Letter to IRS, Treasury on Extending and Expanding COVID-19 Housing Credit Relief
On November 16, 2020, NCSHA sent this letter to the Internal Revenue Service and the U.S. Department of the Treasury urging them to extend the temporary Housing Credit relief provided byย IRS Notice 2020-53 and to make other necessary program accommodations as the COVID-19 pandemic continues to disrupt development and construction activities and the operation of Housing Credit properties. One hundred and forty organizations from across the nation signed a letter in support of NCSHAโs requests. Separately, the National Association of Home Builders (NAHB) sent a letter to IRS echoing NCSHAโs recommendations.
NCSHAโs 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 Bureauโs proposal to eliminate the maximum borrower debt-to-income ratio of 43 percent that mortgages must meet to satisfy the definition of โQualified Mortgage.โ
NCSHA Comments on IRSโs 2020 Housing Credit Compliance Monitoring Proposed Rule
On September 8, 2020, NCSHA submitted this comment letter in response to the Internal Revenue Serviceโs proposed rule modifying the minimum sample size for Low Income Housing Tax Credit compliance monitoring requirements.
NCSHA Comments on FHFAโs Proposed Capital Rule for Fannie Mae and Freddie Mac
This August 31, 2020, letter to Director Mark Calabria comments on Federal Housing Finance Agencyโs proposed capital framework for Fannie Mae and Freddie Mac. ย
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 GSEsโฒ 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, urgesย 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 FHAโs 1% requirement to 0.5%.
