Resources
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
Housing Credit Nonprofit Right of First Refusal Factsheet
This document provides background on the Housing Credit nonprofit right of first refusal (ROFR) and why challenges to the ROFR are disrupting the normal investor exit process, leading to legal disputes and litigation that drain nonprofit general partners’ resources and undermine the long-term affordability and viability of Housing Credit properties.
Lessons from Eight States Regarding Factors That Have Contributed to States’ ERA1 Spending Rates
In this report prepared for NCSHA, Abt Associates examined states’ Emergency Rental Assistance spending rates and factors that have affected those rates. In July 2021, Abt interviewed ERA program staff from eight states selected to reflect programs that differed in several ways, including in geographic and population diversity, the sizes of the ERA1 allocations they received, and their ERA1 spending rates as of May 2021.
Analysis of Models for Assessing Rental Assistance Need
In this report prepared for NCSHA, Abt Associates presents an analysis of nine estimates of rental debt that were published at different times during the pandemic and compares those estimates to the congressional appropriations and allocations for the Emergency Rental Assistance Programs, ERA1 and ERA2.
Housing Credit Stakeholder Sign-On Letter to IRS, Treasury on Average Income Test
NCSHA and 32 other Housing Credit Stakeholders organizations sent this letter to the Internal Revenue Service and the U.S. Department of Treasury urging them to issue a finale rule on the Housing Credit Average Income Test (AIT) minimum set-aside considering the modifications outlined in the letter or announce their intention to publish a new proposed rule for public comment.
