Testimony, Comments, Correspondence
HFAsโ Letter to Appropriators on Project-Based Rental Assistance Contract Administration
37 state Housing Finance Agencies (HFA) asked House and Senate Appropriations Committee leaders to preserve in any final FY 2024 HUD appropriations legislation the project-based rental assistance contract administration (PBCA) language contained in the Senate-passed FY 24 HUD appropriations bill
Sign-On Letter Supporting Tax Bill Housing Provisions Sent to Senate Leaders
On February 7, 2024, NCSHA led 120 national and statewide affordable housing and community development organizations in a letter sent to Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell expressing strong support for the affordable housing supply investment included in the bipartisan, bicameral Tax Relief for American Families and Workers Act.
NCSHA Leads Letter to Congress Supporting Housing Provisions in Tax Bill
On January 18, 2024, NCSHA and 87 leading national and statewide affordable housing and community development organizations sent a letter to Senator Ron Wyden, Chairman of the Senate Finance Committee, and Representative Jason Smith, Chairman of the House Ways and Means Committee, expressing strong support for the investment in affordable housing supply in the bipartisan, bicameral Tax Relief for American Families and Workers Act.
NCSHA Comment Letter to Federal Banking Regulators on Modified Bank Capital Standards
On January 16, 2024, NCSHA commented on a July 27, 2023, Notice of Proposed Rulemaking (NPR) issued by federal banking regulatory agencies โ the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency โ modifying the bank capital standards for large banks. In the letter, NCSHA opposed provisions in the NPR that would increase bank capital standards for all high loan-to-value home purchase mortgages and tighten capital rules for mortgage servicing rights. NCSHA also urged regulators to reduce the amount of capital large banks are required to hold for Housing Bond investments and affordable housing properties financed by the Housing Credit.
NCSHA Joins Letter on the Regulatory Bank Capital Rule
NCSHA and 18 other organizations sent this January 16, 2024, letter to Chairman Martin Gruenberg of the Federal Deposit Insurance Corporation, Vice Chair Michael Barr of the Board of Governors of the Federal Reserve System, and Acting Comptroller Michael Hsu of the Office of the Comptroller of the Currency addressing the Housing Credit and the Bank Capital Rule. The letter urged an application of a lower risk weight of 50 percent to Housing Credit properties in recognition of the strong historic performance of these properties and the importance of supporting robust investment in affordable housing.
NCSHA Comments on Proposed Changes to FHA 203(k) Rehabilitation Mortgage Program
On January 5, 2024, NCSHA submitted comments on a draft Mortgage Letter submitted by HUD proposing updates to the Federal Housing Administrationโs (FHA) 203(k) Rehabilitation Program. In the letter, NCSHA thanks HUD for working to improve the 203(k) program and expresses support for the proposal to increase the maximum program loan amount.
NCSHA Letter to Appropriations Committee Leaders on Project-Based Rental Assistance Contract Administration (PBCA)
NCSHA sent House and Senate Appropriations Committee leaders this letter asking them to preserve in any final FY 2024 HUD appropriations legislation the project-based rental assistance contract administration (PBCA) language contained in the Senate-passed FY 24 HUD appropriations bill.
NCSHA Comments to HUD on Modernizing the Delivery of Housing Counseling Services
On December 20, 2023, NCSHA sent comments toย the U.S. Department of Housing and Urban Development in response to a request for comment on the Proposed Rule, "Modernizing the Delivery of Housing Counseling Services," published on November 1, 2023.
NCSHA Comments to HUD on Draft Payment Supplement Mortgagee Letter 2023-XX
On December 12, 2023, NCSHA sent these comments to the Assistant Secretary for Housing/Federal Housing Commissioner in response to the DRAFT Mortgagee Letter 2023-XX, Payment Supplement.
