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.
