Resources
House Dear-Colleague Letter: HOME Investment Partnerships Program FY 2022
The April 30, 2021, letter below, signed by 74 members of Congress, requests support from the House Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies to restore the HOME Investment Partnerships program (HOME) to at least $1.9 billion for fiscal year 2022.
Terner Center Report: The Complexity of Financing Low-Income Housing Tax Credit Housing in the United States
This report by the Terner Center for Housing Innovation at U.C. Berkeley examines the complexities associated with using multiple subsidy financing sources in Housing Credit properties and approaches to streamlining the capital stack. It is part of the Terner Center’s Cost of Building Housing Research Series.
CFPB Executive Summary of Final Rule on Qualified Mortgage Definition Delay
On April 27, 2021, the Consumer Financial Protection Bureau (CFPB) released this executive summary of its final rule delaying the mandatory compliance date for the final Qualified Mortgage (QM) Definition under the Truth in Lending Act: General QM Loan Definition from July 1, 2021 to October 1, 2022.
CFPB Final Rule on Qualified Mortgage Definition Delay
The Consumer Financial Protection Bureau (CFPB) issued this final rule to delay the mandatory compliance date for the final Qualified Mortgage (QM) Definition under the Truth in Lending Act: General QM Loan Definition from July 1, 2021 to October 1, 2022.
HUD Request for Public Comments on Housing Trust Fund Interim Final Rule
On April 26, 2021, the U.S. Department of Housing and Urban Development (HUD) published this document in the Federal Register seeking comments on the January 30, 2015 Housing Trust Fund Interim final rule. Comments are due to HUD on June 25.
HUD Letter on Resumption of REAC In-Person Housing Inspections
On April 23, 2021, Secretary of Housing and Urban Development Marcia Fudge issued this letter to public housing authorities, multifamily housing owners, and property managers announcing the Real Estate Assessment Center will resume in-person housing inspections on June 1, 2021. In-person inspections were paused as a COVID-19 safety protocol.
Senate Republicans Infrastructure Proposal Framework
Senate Republicans, led by Senate Environment and Public Works Committee Ranking Member Shelley Moore Capito, released this $568 billion counteroffer framework to the Biden Administration’s American Jobs Plan infrastructure proposal.
CFPB Interim Final Rule on Consumer Rights, Debt Collection Under CDC Eviction Moratorium
This interim final rule from the Consumer Financial Protection Bureau amends Regulation F of the Fair Debt Collection Practices Act to address certain debt collector conduct associated with the Centers for Disease Control and Prevention (CDC) eviction moratorium in response to the COVID-19 pandemic. The interim final rule requires debt collectors to provide written notice to tenants of their rights under the CDC’s eviction moratorium. The rule also prohibits debt collectors from misrepresenting tenants’ eligibility for protection.
U.S. Department of the Treasury Homeowner Assistance Program Website
The Homeowner Assistance Fund (HAF) is a highly flexible source of financial assistance to help homeowners who are experiencing COVID-19-related economic difficulties remain in their homes. Nearly $10 billion in funds will be distributed to states, territories, and tribal entities. HAF will be used to help struggling homeowners cover a variety of costs incurred, including mortgage principal reductions, interest rate reductions, utility payments, homeowners and condo association fees, and hazard insurance.
