Resources
Joint Industry Group Statement on Fannie Mae and Freddie Mac Adverse Market Fee
On August 13, 2020, NCSHA joined a broad coalition of organizations representing the housing and financial services industries as well as public interest groups in issuing this statement on the GSEs′ new adverse market fee on refinancings.
Video FAQ on Emergency HOME TBRA Environmental Review and Sample CENST Environmental Review Form
On August 13, HUD's Office of Affordable Housing Programs published a video FAQ covering the Environmental Review requirements applicable to an emergency HOME Tenant-Based Rental Assistance (TBRA) program along with a sample Categorically Excluded Not Subject to Section 58.5 (CENST) Environmental Review Form that HOME participating jurisdictions (PJs) can use to document the environmental review for emergency TBRA. These resources are intended to apply to HOME-funded emergency TBRA programs implemented using the flexibilities identified in the April 10 CPD Memo: Suspensions and Waivers to Facilitate Use of HOME-Assisted TBRA for Emergency and Short-Term Assistance in Response to COVID-19 Pandemic.
NCSHA Joins Coalition in Letter to FHA Commissioner on FHA Single-Family Borrower Guidelines
This letter, signed by a 19-member coalition that included NCSHA, urges FHA Commissioner Dana Wade to revise the FHA single-family guidelines with those of other federal agencies to allow for the use of the actual monthly student loan payment amount in the DTI calculation or reduce FHA’s 1% requirement to 0.5%.
Proposed Rule on Making Admission or Placement Determinations Based on Sex in Facilities Under CPD Housing Programs
This proposed rule would modify the 2016 Equal Access Rule to allow single-sex or sex-specific facilities, such as shelters, to determine whether the sex of an individual seeking housing is consistent with the sex the facility is intended to serve.
Bipartisan House Sign-On Letter Supporting Housing Credit Provisions in Coronavirus Relief Legislation
This letter, signed by 103 members of the House of Representatives from both parties, urges House leadership to prioritize an increase in the Housing Credit volume cap, establishment of a minimum 4 percent rate for bond-financed Housing Credit developments, basis boosts for certain properties, and lowering the “50 percent Test” threshold for triggering Housing Credit equity in bond-financed properties.
IRS Regulatory Relief Available During COVID-19 Pandemic (Updated)
This matrix compares the accommodations NCSHA requested in its March 23 letter to IRS to those allowed under existing IRS Revenue Procedures 2014-49 and 2014-50, which provide relief in instances of Presidentially-declared Major Disasters, and to recent IRS Notice 2020-23, which extends certain program deadlines until July 15, 2020.
Preserving Community and Neighborhood Choice Final Rule
This final rule repeals HUD’s 2015 Affirmatively Furthering Fair Housing regulations and the 1994 Analysis of Impediments requirements where they appear in regulation and instead returns policy to HUD’s pre-1994 understanding of the 1968 Fair Housing Act’s obligation to affirmatively further fair housing. It requires HUD grantees to certify that they will take active steps to promote fair housing, without HUD prescribing specific guidelines for doing so.
House Member Sign-On Letter to Leadership Supporting Housing Credit Provisions in Coronavirus Relief Legislation
Representatives Suzan DelBene (D-WA) and Jackie Walorski (R-IN) are circulating this House of Representatives member sign-on letter in support of inclusion of the Low Income Housing Tax Credit priorities in the next coronavirus relief bill. The letter will be sent to House leadership.
National Low Income Housing Coalition | Out of Reach: The High Cost of Housing 2020
On July 14, 2020, the National Low Income Housing Coalition released the 2020 edition of its annual report documenting the gap between renters’ incomes and the cost of housing.
