Resources
HUD COVID-19 Guidance Providing Waivers for CDBG CARES Act Supplemental Funding
This memorandum includes the CARES Act Flexibilities for CDBG Funds Used to Support Coronavirus Response Guide, which describes the waivers and alternative requirements HUD is providing for supplemental Community Development Block Grants (CDBG-CV) made available under the CARES Act and the extent to which these waivers apply to regularly appropriated CDBG funding.
NCSHA Letter to House and Senate Leadership on HFA Priorities for Coronavirus Response
On April 7, NCSHA sent this letter to Senate Majority Leader Mitch McConnell (R-KY), House Speaker Nancy Pelosi (D-CA), Senate Minority Leader Chuck Schumer (D-NY), and House Minority Leader Kevin McCarthy (R-CA) outlining the steps Congress should take following passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to support affordable housing efforts. The letter includes recommendations for further statutory action, as well as requests for congressional support of NCSHA proposals to the Federal Reserve, U.S. Department of the Treasury, and U.S. Department of Housing and Urban Development related to implementation of provisions in the CARES Act.
Coronavirus Construction Limits: State-By-State Tracker
Currently, millions of Americans are required to stay at home to prevent the spread of the novel coronavirus that causes COVID-19. To ensure the safety and prosperity of their communities, governors and other authorities are allowing “essential” businesses to stay open. This dashboard, provided by JLC Online, tracks how states with a stay-at-home mandate classify Construction and Building Material Suppliers.
NCSHA Joins Mortgage Industry Groups in Statement on Liquidity
On April 3, NCSHA joined the Mortgage Bankers Association and other major national organizations in a statement urging the Treasury Department, the Federal Reserve, and FHFA to provide liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by the coronavirus and eligible for government forbearance programs. The statement also expresses appreciation to Ginnie Mae for its intention to establish a liquidity facility for single- and multifamily issuers and points out one is needed also for Fannie Mae and Freddie Mac loans.
CARES Act Mortgage Forbearance: What You Need to Know
This video, available on the CFPB website along with additional consumer-focused resources, outlines important details about mortgage forbearance, which can help consumers get back on their feet during short-term financial difficulty.
Mortgage Servicer Funding Facility
Policymakers are considering ways to ensure the mortgage servicing industry, the central plumbing of the U.S. housing financial system, remains functional during the COVID-19 crisis. The CARES Act...
HUD Report: Understanding Whom the LIHTC Serves: Data on Tenants in LIHTC Units as of December 31, 2017
The U.S. Department of Housing and Urban Development published this report of demographic data about tenants living in Housing Credit properties, including race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden. The publication of this data is required under the Housing and Economic Recovery Act of 2008.
NCSHA Letter to HUD on Emergency HOME, HTF, and ESG Program Measures Due to COVID-19 Pandemic
On March 30, 2020, NCSHA sent this letter to the Acting Assistant Secretary of Community Planning and Development, on behalf of its state housing finance agency members, urging the U.S. Department of Housing and Urban Development to take immediate action to help Community Planning and Development program grantees address the extreme housing needs in their communities resulting from the pandemic.
NCSHA Proposed Treasury-Federal Reserve Housing Bond Facility
These documents include a summary and term sheet for a Housing Bond Facility that the Treasury and the Federal Reserve System could establish to address COVID-19-related dislocations in the market for housing bonds.
