Testimony, Comments, Correspondence
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.
On November 19, NCSHA sent a letter to the Office of the Comptroller of the Currency regarding their September 5 Advanced Notice of Proposed Rulemaking (ANPR), seeking public input on possible amendments to its Community Reinvestment Act (CRA) regulations.
On December 20, NCSHA sent a letter to the Internal Revenue Service (IRS) regarding their September 27 proposed rule concerning public approval requirements for tax-exempt Private Activity Bonds (PABs).
The following letter, signed by NCSHA and over forty other organizations and community groups, was sent to Secretary Ben Carson of the Department of Housing and Urban Development (HUD) from the Campaign for Housing and Community Development Funding, to request robust funding levels for housing and community development programs for the fiscal year (FY) 2020 HUD budget.