Resources
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.
NCSHA Summary of the First Generation Downpayment Fund
This summary provides details of the proposed “First Generation Down Payment Fund” program. This program has been included in the text of the “Build Back Better Act” that passed the House of Representatives on November 19, 2021. This summary reflects the Senate Banking Committee print of its provisions for the Build Back Better Act it released December 9. Originally published on October 29 and updated on December 13. NCSHA will update this summary as events warrant.
Homeowner Assistance Fund: Frequently Asked Questions on Reporting Requirements
The U.S. Department of the Treasury, on December 8, 2021, published a Frequently Asked Questions document regarding the reporting requirements Homeowner Assistance Fund-administering agencies must adhere to.
Homeowner Assistance Fund: Guidance on Required Interim Report
The U.S. Department of the Treasury, on December 8, 2021, published guidance for Homeowner Assistance Fund-administering agencies regarding the interim report they are required to submit to Treasury by Monday, February 28, 2022.
Protect Yourself from Mortgage Relief Scams: Tips and Resources
If you are a homeowner at risk of mortgage delinquency or default, foreclosure, loss of utilities or home energy services, or displacement as a result of financial hardship experienced after January 21, 2020, significant resources are and will become available. Among them is the federal Homeowner Assistance Fund: Find out about your state’s program here. Scammers are taking advantage of homeowners during this time. Below are trustworthy sources of information and links to tips on what to watch out for as you seek help or are approached by companies or individuals offering mortgage relief assistance. Never pay a company or individual upfront for promises to help you get mortgage relief.
Recursos para la Vivienda en Español
Fondo de Asistencia al Propietario de Vivienda por Estado y Ayuda para Rentas de Emergencia
