Resources
The Moving Forward Act, H.R. 2, Fact Sheet
This factsheet provides an overview of The Moving Forward Act, H.R. 2, which House Democrats will soon release to address America’s infrastructure needs. The bill will include significant investments in affordable housing, along with investments in surface transportation, broadband, water infrastructure, clean energy, and other initiatives.
From Hotel to Home
The Center for Supportive Housing put together a document outlining considerations for states and local jurisdictions exploring hotel and motel acquisitions as a housing strategy for people exiting COVID-19 shelters.
Opportunity Zone Best Practices Report from the White House Opportunity and Revitalization Council
The White House Opportunity and Revitalization Council issued this May 2020 report outlining Opportunity Zone best practices and examples of revitalization occurring across the country. The report highlights best practices of state and local governments, foundations and nonprofits, Qualified Opportunity Funds, and other stakeholders, including Housing Credit allocating agency strategies in Massachusetts, Mississippi, and Nevada.
White House Opportunity Zones Council Best Practices Report
This document outlines Opportunity Zones best practices and case studies observed around the country. The report also highlights best practices of state and local governments, foundations and...
FHFA Report to Congress 2019
On June 15, 2020, the Federal Housing Finance Agency (FHFA) issued this report highlighting the actions the agency has taken related to the COVID-19 National Emergency. The document also provides an organizational overview of FHFA, discusses Dr. Calabria’s legislative recommendations, and reports on FHFA’s annual examinations of Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
NCSHA Comments on FHFA’s FHLB Housing Goals Proposed Rule
NCSHA submitted this letter to the Federal Housing Finance Agency on January 31, 2019, to respond to its October 29, 2018, proposed rule to amend the affordable housing goals for the Federal Home Loan Banks.
Coalition Letter to HUD Secretary Regarding FHA Policy on Lender COVID-19 Forbearance Indemnification
On June 9, 2020, NCSHA and several other housing organizations, representing a broad cross-section of the housing and financial services industries, wrote HUD Secretary Carson to express their concern with the recently announced Federal Housing Administration (FHA) policy requiring lenders to provide 20 percent indemnification (of the original loan amount) for up to two years to borrowers in forbearance due to COVID-19-related hardship after closing and prior to FHA insuring their loans.
Mayors’ Letter to Congress Urging Enactment of Housing Credit Provisions in the Next Coronavirus Relief Legislation
On June 1, 2020, 67 mayors sent this letter to congressional leadership urging them to enact a minimum 4 percent Housing Credit rate and lower the 50 percent test in the next coronavirus relief legislation. The ACTION Campaign, co-chaired by NCSHA and Enterprise Community Partners, coordinated the letter.
IRS Notice 2020-39 Extends Deadlines, Provides Guidance on Opportunity Zone Investment in Response to COVID-19
In response to the COVID-19 pandemic, IRS Notice 2020-39 extends the deadline to invest in a Qualified Opportunity Fund until December 31, 2020, for all taxpayers if the 180th day after a capital gain is recognized between April 1, 2020, and December 31, 2020. This notice also provides guidance on the 30-month substantial improvement test, the working capital safe harbor, the 12-month reinvestment period for Opportunity Funds, and other program requirements.
