Resources
Cantwell’s Call for Inclusion of Housing Credit Increase in Reconciliation Legislation
On October 26, 2021, during a Senate Finance Committee hearing, Senator Maria Cantwell (D-WA) called for the inclusion of a significant increase in the Housing Credit in the Build Back Better reconciliation legislation currently under negotiation in Congress.
NCSHA Letter to FHFA on GSE Affordable Housing Goals
On October 25, 2021, NCSHA sent the Federal Housing Finance Agency (FHFA) these comments on its proposed 2022-2024 affordable housing goals for Fannie Mae and Freddie Mac. The letter urges the FHFA to finalize the increased single-family and multifamily goals included in the proposed rule and expressed support for FHFA’s proposal to establish a new subgoal for single-family loans used to purchase loans in minority census tracts.
ACTION Letter to President, Congressional Leadership in Support of Housing Credit Production Provisions in Build Back Better Act
This October 25, 2021, letter from 428 Housing Credit stakeholders and members of the ACTION Campaign to President Biden, Speaker Pelosi, and Majority Leader Schumer urges them to preserve the Housing Credit production provisions in the final Build Back Better reconciliation legislation.
NCSHA Letter to FHFA on GSE Equitable Housing Finance Plans
On October 25, 2021, NCSHA submitted this letter to the Federal Housing Finance Agency (FHFA) on its directive requiring the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to “prepare and implement three-year Equitable Housing Finance Plans.” In the letter, NCSHA expresses its strong support for FHFA’s directive and outlines two specific opportunities for GSE partnerships with HFAs that can help the GSEs better serve minority communities: expanding GSE financing through HFA homeownership programs, including their special HFA products, and piloting acquisition, development, and construction financing and small-dollar mortgage financing through HFAs.
CHCDF Letter to Congress on the Build Back Better Act
On October 23, 2021, the Campaign for Housing and Community Development Funding, of which NCSHA is a member, sent this letter to congressional leadership urging them to ensure funding for critical housing and community development investments in the Build Back Better Act at the highest levels possible.
Underserved Mortgage Markets Coalition Letter to FHFA Acting Director Thompson
On October 20, 2021, the Underserved Mortgage Markets Coalition, of which NCSHA is a member, sent this letter to Federal Housing Finance Agency Acting Director Sandra Thompson expressing concerns about Fannie Mae’s and Freddie Mac’s 2022‒24 Duty to Serve plans.
IRS Revenue Procedure 2021-44
On October 18, 2021, the Internal Revenue Service (IRS) published Internal Revenue Bulletin 2021-42, which includes Revenue Procedure 2021-44, providing the Housing Credit National Pool amounts for qualified states for calendar year 2021. Twenty-nine states received unused housing credit carryovers from the National Pool.
Senate Democrats’ Leadership Letter Supporting Housing Funding in Reconciliation
On October 14, 2021, 36 Democratic Senators sent this letter to President Biden, House Speaker Pelosi, and Senate Majority Leader Schumer asking them to support comprehensive, robust housing funding in legislation to enact President Biden’s Build Back Better plan.
HOME Coalition Letter Urging Congressional Leadership to Support HOME Funding in the Build Back Better Act
On October 13, 2021, NCSHA and 17 other organizations sent this letter to congressional leadership to advocate for HOME funding being included in the Build Back Better Act.
