Testimony, Comments, Correspondence
Congressional Letter to Treasury on VAWA Housing Credit Guidance
On May 23, 2024, members of the House of Representatives, led by Representatives Gwen Moore (D-WI) and Claudia Tenney (R-NY), sent a letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel urging the U.S. Department of the Treasury and the Internal Revenue Service to promulgate guidance on the application of protections under the Violence Against Women Act for Low Income Housing Tax Credit allocators and other Housing Credit program participants, such as owners, property managers, investors, and syndicators.
NCSHA Comments on Freddie Mac Single-Family Closed-End Second Mortgages
NCSHA submitted comments to the Federal Housing Finance Agency in response to a request for comment on the proposed Enterprise product entitled "Freddie Mac Single-Family Closed-End Second Mortgages."
Underserved Mortgage Markets Coalition Press Release on FHFA Fair Lending Final Rule
On May 1, 2024, NCSHA signed onto a press release by the Underserved Mortgage Markets Coalition (UMMC) regarding the Federal Housing Finance Agencyโs April 29 Final Rule on Fair Lending, Fair Housing, and Equitable Housing Finance Plans. The press release applauds FHFA for publishing the rule, which codifies into federal regulations the requirement that Fannie Mae and Freddie Mac publish and maintain Equitable Housing Finance Plans. The plans outline how each firm will support equitable and sustainable housing opportunities. UMMC also urges FHFA to adapt several policies to increase transparency and accountability regarding Fannie Mae and Freddie Macโs equitable housing activities.
NCSHA Joins Letter in Support of H.R. 6785
NCSHA and several other leading affordable housing groups signed this April 26, 2024, letter to the House Financial Services Subcommittee leadership expressing support for H.R. 6785, the Rural Housing Service Reform Act of 2023.
NCSHA’s Comments on HUD Build America, Buy America RFI
NCSHA sent this letter to the US Department of Housing and Urban Development in response to their Request for Information regarding Iron, Steel, Construction Materials, and Manufactured Products Used in Housing Programs Pursuant to the Build America, Buy America Act issued on February 13, 2024.ย
NCSHA Comments on Revisions to USDA Handbook Loss Mitigation Chapters
On April 10, 2024, NCSHA submitted comments to the U.S. Department of Agriculture on Rural Developmentโs (RD) proposed revisions to Chapters 17, 18 and 19 of Handbook 1-3555. While NCSHA is generally in support of the changes RD has proposed, the comments recommend RD not incorporate language that requires an increase in loan term as there could be significant negative consequences for state Mortgage Revenue Bond programs.
HOME FY25 THUD Appropriations Request
The HOME Coalition and more than 800 national, state, and local organizations sent a letter to the House and Senate THUD subcommittees to express strong support for $2.5 billion in FY25 funding for the HOME Investment Partnerships Program.
Coalition Letter to Biden Administration to Extend Indefinitely Federal Financing Bank Funding for FHA Multifamily Risk-Sharing Mortgages
NCSHA and several other leading affordable housing groups signed this February 16, 2024, letter urging the Biden Administration to extend indefinitely the Federal Financing Bank (FFB) funding for FHA multifamily risk-sharing mortgages (FFB Risk-Sharing program). The FFB Risk-Sharing program provides affordable mortgage capital to housing finance agencies to help them finance the production and preservation of affordable rental housing. The programโs current authority expires October 1, 2024.
NCSHA Comments on HUD’s Proposed Methodology Changes for Calculating Income Limits
On February 12, 2024, NCSHA submitted comments to the U.S. Department of Housing and Urban Development on proposed changes to the methodology used for calculating Section 8 income limits. In our comments, NCSHA supported the proposed changes overall but encouraged HUD to explore the impact of cost increases on project viability and consider the necessity of the adjustments in ensuring that existing and future affordable housing developments do not face undue financial burden.
