Resources
FHA-HFA Multifamily Loan Risk-Sharing Program FAQs
Congress established the Federal Housing Agency (FHA) – Housing Finance Agency (HFA) Multifamily Risk-Sharing program in 1992 to increase and speed up FHA’s multifamily mortgage production. The FHA-HFA Risk-Sharing program allows HFAs that meet rigorous financial standards to underwrite FHA multifamily loans in return for sharing the risk of losses on those loans.
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 program’s current authority expires October 1, 2024.
Housing Trust Fund (HTF) Allocations by State, 2016-2023
Housing Trust Fund (HTF) allocations from 2016 to 2023 listed by state.
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.
HFAs’ 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
IRS Revenue Ruling 2024-05: Qualified Disaster Zones in 2021 and 2022 and State Housing Credit Ceilings
This notice holds that if one or more of a State’s allocations, under section 305 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, to qualified disaster zones in 2021 or 2022 are returned after 2022, then the returned housing credit dollar amounts are part of the overall Returned Credit Component of a State’s housing credit ceiling in the year of return. As such, reallocations of these returned amounts are not restricted to projects located in qualified disaster zones.
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.
HOME Investment Partnerships Program Reauthorization and Improvement Act
Senator Catherine Cortez Masto (D-NV), Representatives Joyce Beatty (D-OH) and John Garamendi (D-CA) recently introduced the HOME Investment Partnerships Program Reauthorization and Improvement Act (S. 3793/H.R. 7075) to reauthorize the HOME program, increase the authorized funding level for the program to $5 billion, and make several needed improvements to the program.
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.
