Resources
FHFA Proposed Strategic Plan for 2022-26
The Federal Housing Finance Agency (FHFA) released its proposed Strategic Plan for 2022–2026 for public comment on February 9, 2022. Comments are due on March 11, 2022. This draft document reflects the FHFA’s priorities as the regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac.
NCSHA Letter to Treasury on ERA Reporting Process
This letter outlines NCSHA’s concerns with the process for reporting to Treasury on the Emergency Rental Assistance (ERA) program. It urges Treasury to fix technology problems with its reporting portal, streamline reporting requirements, and provide technical assistance to ERA grantees.
Joint Letter in Support of HUD Nominees
This letter, signed by 46 national organizations, including NCSHA, supports the nominations of Julia Gordon for Commissioner of the Federal Housing Administration/Assistant Secretary for Housing, Solomon Greene for Assistant Secretary for Policy Development and Research; Arthur Jemison for Assistant Secretary for Public and Indian Housing, and David Uejio for Assistant Secretary for Fair Housing and Equal Opportunity.
FHA FAQs on the Homeowner Assistance Fund Released February 3, 2022
Attached is a list of 16 questions the Federal Housing Administration (FHA) published in HUD's online resource center on February 3, 2022, pertaining to the Homeowner Assistance Fund (HAF) and how HAF funds should be used in conjunction with FHA's loss mitigation procedures.
Featured HAF Program: Pennsylvania Homeowner Assistance Fund
The Pennsylvania Homeowner Assistance Fund, or PAHAF, is a housing-related program funded by the U.S. Department of the Treasury to assist Pennsylvania homeowners facing financial hardship due to the COVID-19 pandemic that began after January 21, 2020, (including a hardship that began before January 21, 2020, and continued after that date). The program will provide financial assistance to homeowners for qualified mortgage and housing-related expenses to avoid delinquency, default, foreclosure, or displacement.
GAO Report on Oversight Needs for COVID-19 Relief Programs
This report by the U.S. Government Accountability Office finds that government agencies must significantly improve overseeing of emergency relief funds, including the Emergency Rental Assistance (ERA) program. The report makes recommendations to the Treasury Department and the Office of Management and Budget related to ERA oversight. It also provides recommendations to other government agencies related to Nutrition Assistance, tax relief for businesses, and healthcare emergency programs.
Treasury Inspector General for Tax Administration Report: Oversight of the Low-Income Housing Tax Credit Program Can Be Improved
This report assesses the Internal Revenue Service’s (IRS) processes and procedures to ensure Housing Credit Agency, building owner, and taxpayer compliance with the Housing Credit and includes recommendations to IRS related to additional system validity checks, establishing an examination selection process for questionable claims, and allocating additional resources for increased compliance monitoring of Housing Credit Agencies.
Breaking News from HUD (HFAi22)
Senior officials from the Department of Housing and Urban Development report on the latest developments on HOME, HOME-ARP, and the Housing Trust Fund (HTF), including updates on allocations, program performance, COVID-19 transition, and expected guidance in 2022.
Campaign for Housing and Community Development Funding Letter Supporting Passage of the Build Back Better Act
On January 21, 2022, the Campaign for Housing and Community Development Funding, of which NCSHA is a member, sent this letter to congressional leadership urging them to quickly enact the Build Back Better Act including its $154 billion in investments in critical housing and community development.
