Resources
ACTION Campaign Letter to Congressional Leaders Urging Enactment of Housing Credit Priorities Related to COVID-19 Pandemic
The ACTION Campaign, which NCSHA co-chairs with Enterprise Community Partners, sent this letter, signed by 2,353 organizations from across the nation, to House and Senate leaders urging them to enact a minimum 4 percent Housing Credit rate and lower the 50 percent test in the next coronavirus response legislation.
Quantifying the Needs for and Benefits of the Housing Assistance Fund
This memorandum provides NCSHA’s analysis of the impending need for mortgage assistance to prevent homeowner defaults and foreclosures due to the COVID-19 pandemic.
COVID-19 Resources and Updates
COVID-19 information, guidelines, and notices published by the state HFAs, the Administration, the CDC, HUD, and state entities.
Why Congress Should Enact Housing Credit Program Enhancements Related to the COVID-19 Pandemic
This document provides talking points HFAs and their partners can use to advocate for enhancement to the Housing Credit program needed in response to the COVID-19 pandemic, specifically setting a minimum 4 percent credit rate for bond-financed Housing Credit properties, lowering the “50 percent test,” and why members of Congress should weigh in with IRS to expedite Housing Credit COVID-19 guidance.
Treasury’s Coronavirus Relief Fund Frequently Asked Questions (Updated as of May 4, 2020)
This document includes answers to frequently asked questions regarding Treasury’s Coronavirus Relief Fund, which was established in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).
APM 20-05: Availability of Pass-Through Assistance Program for Participants in Ginnie Mae’s Multifamily MBS Program
Ginnie Mae’s APM 20-05 extends the COVID-19 Pass-Through Assistance Program to multifamily issuers.
NCSHA, Other Housing Advocacy Groups Support Emergency Rental Assistance Legislation
NCSHA joined more than 43 national, local, and business organizations in signing a coalition letter to congressional leaders expressing unified support for legislation to provide emergency rental assistance to tenants negatively affected by the COVID-19 pandemic and laying out principles to guide the development of such legislation.
Real Estate Industry Letters to Federal Agencies on COVID-19, Servicer Liquidity
On March 27 and April 7, respectively, National Association of REALTORS (NAR) President Vince Malta and NAR’s Mortgage Group sent letters to Treasury Secretary Steven Mnuchin, Federal Reserve Board Chair Jerome Powell, and Federal Housing Finance Agency Director Mark Calabria calling on them to maintain market liquidity and stability in light of growing forbearance requests and COVID-19’s impact on mortgage markets.
HOME Investment Partnerships Program FAQs: COVID-19 and CARES Act
This HUD document provides answers to frequently asked questions about the application of the temporary eviction moratorium in Section 4024 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to the HOME program.
