Resources
FHA Mortgagee Letter 2019-07: Extension of the Effective Date of Mortgagee Letter 2019-06, Downpayment Assistance and Operating in a Governmental Capacity
On April 25, 2019, the Federal Housing Administration (FHA) provided an extension of the effective date ofย Mortgagee Letter 2019-06, Downpayment Assistance and Operating in a Governmental Capacity. The guidance provided in ML 2019-06 will be effective for case numbers assigned on or after July 23, 2019, rather than the originally published effective date of April 18, 2019.
Court Ruling on Mortgagee Letter 2019-06 Temporary Injunction
The following document is the court ruling on Cedar Band of Paiutes; Cedar Band Corporatoin and CBC Mortgage Agency's case against FHA to file a temporary restraining order (TRO) on FHA's Mortgagee Letter 2019-16 guidance.
NCSHA Comments on FHA Mortgagee Letter 2019-16
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 Letter to IRS on Average Income Test Income Limits
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.
The White House Opportunity and Revitalization Council: Completed Program Targeting Actions
This document reference the Opportunity Zone tax incentive as a powerful tool meant to bring private capital to undeserved communities.
IRS Form 8996: Qualified Opportunity Fund
The IRS Form 8996 is used to clarify that a corporation or partnership is a Qualified Opportunity Fund and to annually report whether the fund met the investment standard during its tax year.
White House Fact Sheet on How Opportunity Zones Address Geographic Inequality
This document contains a White House fact sheet on addressing geographic inequality by promoting investment in opportunity zones.
Request for Information on Data Collection and Tracking for Qualified Opportunity Zones
On April 16, 2019, the Department of the Treasury (Treasury) published thisย Notice and Request for Information to seek public input on the development of public information collection and tracking related to investment in Qualified Opportunity Funds (QOFs).
