Resources
Interview: State HFAs Remain Stable During the COVID-19 Crisis
The June 2020 edition of Down Payment Report included an interview with NCSHA Executive Director Stockton Williams in which he highlighted that state housing finance agencies have been accessing bond markets and mortgage backed securities to provide affordable homeownership financing for home buyers within their states; that state HFAs are doing as much or more business than they were at this time a year ago; and how state HFAs, through their down payment assistance programs, can play an even bigger role in closing the homeownership gap between people of color and white Americans.
PIH Notice 2020-14: Availability of Funding for HUD-VASH Vouchers
On July 8, 2020, the U.S. Department of Housing and Urban Development issued PIH Notice 2020-14 announcing the availability of $50 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) funding that will support approximately 6,000 new HUD-VASH vouchers. The vouchers are administered in partnership with the U.S. Department of Veterans Affairs and enable homeless veterans and their families to access affordable housing with an array of supportive services.
IRS/Treasury REG-123027-19 Housing Credit Compliance Monitoring Regulations Proposed Rule
This document provides proposed regulations relating to the sample size Housing Credit Agencies must monitor for program compliance, both physical inspections and low-income certification reviews. It allows agencies to monitor the lesser of 20 percent of the units in a building or the number provided in the Minimum Unit Sample Size Reference Chart.
NCSHA Summary of the Moving Forward Act (H.R. 2)
This summary describes the House Democrats’ new $1.5 trillion infrastructure bill, the Moving Forward Act, H.R. 2, which would provide funding for roads, bridges, schools, broadband access, and affordable housing. The bill would increase the amount of Housing Credit and Private Activity Bond authority provided to states annually, make a number of changes to the Housing Credit and Bond programs, establish a new state-administered single-family housing tax credit, and make a number of other changes summarized below.
IRS Notice 2020-53, Housing Credit Coronavirus Guidance
This notice extends and expands temporary relief provided under previous Notice 2020-23 from certain requirements under Section 42 of the IRC for Housing Credit properties in response to the ongoing COVID-19 pandemic. The deadline extensions and waivers provided in this Notice have since expired; however, the IRS issued subsequent Notices, Notice 2021-12 and 2022-05 providing further extension and expanding on the guidance in this Notice.
Letter to FHFA Director Requesting Longer Comment Period on ECF Rule
In response to the Notice of Proposed Rulemaking for the re-proposed Enterprise Regulatory Capital Framework, on June 30, 2020, NCSHA joined 16 other national associations and organizations in sending to FHFA Director Mark Calabria this request to increase the comment period from 60 to 120 days, to October 28, 2020.
FHA’S Office of Single Family Housing “Drafting Table”
On this HUD.gov page, the Federal Housing Administration's (FHA) Office of Single Family Housing Drafting Table periodically posts policy drafts or other supplemental documents for industry and stakeholder feedback.
Pennsylvania Housing Finance Agency | Building Your Financial House – Readine$$ for Reentry
To address the need of incarcerated veterans to improve their financial readiness for reentry and reduce the likelihood of recidivism, PHFA adapted the in-house financial education program, Building Your Financial House (BYFH), for delivery in the state correctional institutions. Participants reported tangible financial actions, improvement of money attitudes, and lower re-arrests. Inmate veterans with long-term sentences have been trained and are replicating BYFH as part of reentry services.
New Jersey Housing and Mortgage Finance Agency | Special Needs Housing Subsidy Loan Program
The Special Needs Housing Subsidy Loan Program is a $50 million initiative by the New Jersey Housing and Mortgage Finance Agency to create supportive housing for a wide range of special needs populations and enable them to live independently in communities of their choice. It is the agency’s first major new funding source in seven years to provide supportive affordable housing opportunities. The program will provide 400 apartments for some of the most vulnerable members of our communities.
