Resources
Treasury Draft Guidance on Homeowner Assistance Fund Annual and Quarterly Reporting
On March 30, the U.S. Department of the Treasury released draft guidance outlining the annual and quarterly reporting requirements for the Homeowner Assistance Fund (HAF). Treasury will be accepting public comments on the draft guidance until April 14, 2022.
Biden Administration’s FY 2023 Budget Request
On March 28, 2022, the Biden Administration submitted to Congress the President’s Budget for Fiscal Year 2023. The budget request totals $5.8 trillion and outlines the Biden Administration’s fiscal priorities, including for HUD and USDA housing programs.
NCSHA’s Analysis of the Biden Administration’s FY 2023 Budget Request
This resource is NCSHA’s analysis of the Biden Administration’s Fiscal Year 2023 Budget Request. The $5.8 trillion budget outlines the Biden Administration’s fiscal priorities, including for U.S. Department of Housing and Urban Development and U.S. Department of Agriculture housing programs.
Senators’ Letter to Treasury on ERA 2 Reallocation Policy
A bipartisan group of 12 Senators led by Joe Manchin (D-WV) and Shelley Moore Capito (R-WV) sent this March 23 letter to the Treasury Department requesting that every state and locality that has a plan to expend their ERA 2 funding by the statutory deadline in 2025 should have access to the full funding levels initially allocated by Congress.
Characteristics of Mortgage Borrowers During the COVID-19 Pandemic: CFPB Office of Research Special Issue Brief
On March 23, 2022, the Consumer Financial Protection Bureau (CFPB) released a new COVID-19 Special Issue Brief exploring the characteristics, including demographics, of mortgage borrowers in forbearance or delinquent during the COVID-19 pandemic. The report, an update on the May 2021 release, includes new data for mortgage borrowers who remained in forbearance in January 2022.
IRS Notice 2022-12: 2022 Calendar Year Resident Population Figures
IRS Notice 2022-12 provides the resident population figures necessary to determine the 2022 private activity bond volume cap and the population-based component of the Low Income Housing Tax Credit.
IRS Revenue Procedure 2022-20: Guidance on Telephonic Public Hearings for Tax-Exempt Bonds, Housing Credit QAPs
On March 18, the Internal Revenue Service issued Revenue Procedure 2022-20 providing permanent authority to conduct telephonic public hearings for tax-exempt private activity bonds and Housing Credit...
Homeownership Assistance Fund Directory
The Homeowner Assistance Fund (HAF) is a $9.961 billion federal program to help households who are behind on their mortgages and other housing-related expenses due to the impacts of COVID-19. HAF provides funding to states, tribes, territories, and the District of Columbia to assist these homeowners. This directory presents key components of individual state HAF programs. To find a program in your area, visit the Homeownership Assistance Fund Program page.
Homeowner Assistance Fund: Interim Reports Webinar
State and Territory Participants that received Homeowner Assistance Fund (HAF) awards are required to submit a one-time Interim Report. In this Mar 1, 2022, webinar, a representative from the U.S. Department of the Treasury provides an overview of the steps needed to submit the report. Please refer to the Treasury's website for details, including the guidance in full, as well as the Award Terms and Conditions, the authorizing statute, the Final Rule, and other regulatory and statutory requirements.
