Resources
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.
IRS Notice 2022-05: Housing Credit Coronavirus Relief Guidance Extension and Expansion
This Notice, which extends and expands on previously IRS-issued relief for the Housing Credit program due to the COVID-19 pandemic, is the third such Notice IRS has issued since the start of the pandemic.
Featured HAF Program: Virginia Mortgage Relief Program
Virginia Mortgage Relief Program Website From Virginia Housing Virginia Mortgage Relief Program, or VMRP, provides assistance to homeowners in Virginia experiencing financial hardship due...
FHFA Final Rule on 2022‒2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae, Freddie Mac
On December 22, 2021, the Federal Housing Finance Agency (FHFA) published a final rule establishing the single-family and multifamily affordable housing goals for Fannie Mae and Freddie Mac for years 2022-2024. The final rule increases all of the single-family goals and subgoals and establishes two new subgoals – one targeting minority communities and the other targeting low-income neighborhoods. The rule also increases each of the multifamily goals and subgoals for Fannie Mae and Freddie Mac.
State and Local Government and Housing Industry Sign-On Letter to Secretary Yellen on Using Fiscal Recovery Fund with the Housing Credit
This December 10, 2021 letter, spearheaded by NCSHA and signed by 18 organizations representing state and local government officials and Housing Credit industry participants, urges U.S. Treasury Secretary Janet Yellen to modify existing guidance on the Coronavirus State and Local Fiscal Recovery Fund to provide more flexibility in the use of these funds in developments financed with the Housing Credit program.
