Resources
HOME Allocations by State, 2010-2019
HOME allocations from 2010 to 2018 listed by state.
NCSHA Comments on IRS Compliance Monitoring Regulations
NCSHA sent this letter to the Internal Revenue Service regarding the recently enacted amendments to the Housing Credit compliance monitoring regulations. The letter urges IRS to rescind the new regulations and work with NCSHA and its members to develop a workable alternative.
ACTION Statement on House Financial Services Infrastructure Hearing
On April 30, the House Financial Services held a hearing on “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.” The A Call To Invest in Our Neighborhoods (ACTION) Campaign posted a statement in response to the hearing.
Complaint of Cedar Band v. HUD, Mortgagee Letter 2019-06
The following document is the complaint brought forth to the U.S. District Court of Utah by Cedar Band of Paiutes; Cedar Band Corporation; and CBC Mortgage Agency against the Department of Housing and Urban Development regarding the Federal Housing Administration's recent downpayment assistance guidance in Mortgagee Letter 2019-06.
FHA Mortgagee Letter 2019-06
On April 18, 2019, the Federal Housing Administration released Mortgagee Letter 2019-06, Downpayment Assistance and Operating in a Governmental Capacity, which clarifies 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, including specific documentation that adequately demonstrates the existing requirement that Governmental Entities are operating in their governmental capacity when providing downpayment assistance pursuant to the December 5, 2012, Interpretive Rule.
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 of 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.
