Resources
Freddie Mac and National Housing Trust ว Spotlight on Underserved Markets: Opportunity Incentives in LIHTC Qualified Allocation Plans
This report by Freddie Mac Multifamily and the National Housing Trust reviews definitions of opportunity and methods used to promote opportunity housing in Housing Credit Qualified Allocation Plans across all 50 states and the District of Columbia. In addition to explaining opportunity policies and processes for developing them, the report examines the impact of these policies on the developer community.
2020 Disasters Tax Relief Act
This bill, introduced by Senator Ron Wyden (D-OR), would provide tax relief to individuals and businesses in areas for which a major disaster is declared under the Stafford Act between January 1, 2020, and 60 days after the bill's enactment. The bill includes supplemental disaster Housing Credits for states experiencing a major disaster.ย
CPD Memo: Suspension and Waiver of the HOME Program Consortium Qualification Deadline in Response to COVID-19 Pandemic
The Office of Community Planning and Development within the U.S. Department of Housing and Urban Development (HUD) issued this memorandum suspending the HOME Programโs statutory deadline and waiving the HOME regulatory deadline for qualification or requalification of urban counties and consortia to provide HOME Participating Jurisdictions additional time to complete these processes due to the unanticipated circumstances created by the COVID-19 pandemic. HUD has extended the deadline from September 30, 2020, to November 30, 2020.
CARES Act Program Instructions for Service Coordinators in Multifamily Housing, Congregate Housing Services Program
The U.S. Department of Housing and Urban Development issued this set of program instructions for the $10 million in CARES Act funding allocated for the Service Coordinators in Multifamily Housing program and Congregate Housing Services Program.
HUD Disparate Impact Final Rule
This final rule amends the U.S. Department of Housing and Urban Developmentโs 2013 disparate impact standard and burden-shifting framework, which is HUDโs implementation of the 1968 Fair Housing Actโs Discriminatory Effects Standard. HUD intends the amendments to the disparate impact standard to reflect the U.S. Supreme Courtโs 2015 ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc.
NCSHA Comment Letter on CFPB’s Proposed Rule on the Qualified Mortgage Definition
On September 8, 2020, NCSHA submitted this letter supporting the Consumer Financial Protection Bureauโs proposal to eliminate the maximum borrower debt-to-income ratio of 43 percent that mortgages must meet to satisfy the definition of โQualified Mortgage.โ
NCSHA Comments on IRSโs 2020 Housing Credit Compliance Monitoring Proposed Rule
On September 8, 2020, NCSHA submitted this comment letter in response to the Internal Revenue Serviceโs proposed rule modifying the minimum sample size for Low Income Housing Tax Credit compliance monitoring requirements.
CDC Order to Temporarily Halt Residential Evictions to Prevent the Spread of COVID-19
On September 2, 2020, the Centers for Disease Control and Prevention issued this emergency public health order to temporarily halt evictions to prevent the further spread of COVID-19.ย
HUD Waivers, Alternative Requirements for the Emergency Solutions Grants Program Under the CARES Act
Issued on September 1, 2020, this notice from the U.S. Department of Housing and Urban Development announces the allocation formula, amounts, and requirements for the $3.96 billion in funding for the Emergency Solutions Grants Program under the CARES Act.
