Resources
HOME FY26 THUD Appropriations Request
On April 30, 2025, the HOME Coalition — chaired by NCSHA and representing more than 800 national, state, and local groups that support increasing resources for the HOME Investment Partnerships Program — sent a letter to the Senate and House Appropriations Subcommittees on Transportation, Housing, and Urban Development to express strong support for $1.5 billion in fiscal year 2026 funding for HOME. HOME represents the largest federal block grant dedicated exclusively to the production of new affordable housing units for rent or purchase. It is an important tool for states and localities to address critical housing shortages in their communities.
Legislative Text of the Affordable Housing Bond Enhancement Act
The Affordable Housing Bond Enhancement Act, introduced on April 28, 2025, by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA), enacts several of NCSHA’s long-standing priorities for strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs.
Summary of the Affordable Housing Bond Enhancement Act
This document summarizes the Affordable Housing Bond Enhancement Act, which was introduced by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA) on April 28, 2025 and Representatives Rudy Yakym (R-IN) and Gwen Moore (D-WI) on February 9, 2026.
Section-by-Section Analysis of the Affordable Housing Bond Enhancement Act
The attached document provides a section-by-section description of the Affordable Housing Bond Enhancement Act, which was introduced by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA) by April 28, 2025 and by Representatives Rudy Yakym (R-IN) and Gwen Moore (D-WI) on February 9, 2026.. The legislation would enact many of NCSHA’s long-standing priorities for strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs.
FHA Mortgagee Letter 2025-13: Updates to Claims Without Conveyance of Title Post-Foreclosure Sales Period and HUD Real Estate Owned Properties Exclusive Listing Period
On April 28, 2025, the Federal Housing Administration issued Mortgagee Letter 2025-13 revising the Claims Without Conveyance of Title (CWCOT) program and the exclusive listing period for the U.S. Department of Housing and Urban Development’s Real Estate Owned properties. The letter eliminates the previously established exclusive and extended post-foreclosure sales periods under the CWCOT program and mandates a uniform 60-day post-foreclosure sales period during which properties are available to all buyer types, including investors.
NCSHA Response to RFI on Potential Statutory Changes to the HOME Investment Partnerships Program
NCSHA sent this letter to Chairman Mike Flood and Ranking Member Emanuel Cleaver of the House Financial Services Committee Subcommittee on Housing and Insurance in response to a request for input on potential statutory changes to the HOME Investment Partnerships Program.
NCSHA Recommendations to HUD on Streamlining Program Administration, Regulations
On April 22, 2025, NCSHA sent this letter to Secretary Scott Turner at the U.S. Department of Housing and Urban Development with several recommendations to help streamline program administration, minimize delays, cut costs, and enable state housing finance agencies to manage HUD programs more effectively.
IRS Revenue Procedure 2025-18: New MRB and MCC Purchase Price Limits and Safe Harbors
On April 16, 2025, the Internal Revenue Service published Revenue Procedure 2025-18, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. The revenue procedure establishes the new MRB and MCC purchase price limits by taking the Federal Housing Administration single-family loan limits released in November 2024 and dividing them by .867. It also sets the national average purchase price at $540,700 for computing the housing cost/income ratio, which determines which areas qualify as high cost and are eligible for an increase in MRB/MCC income limits.
FHA Mortgagee Letter 2025-12: Tightening and Expediting Implementation of the New Permanent Loss Mitigation Options
On April 15, 2025, the Federal Housing Administration issued Mortgagee Letter 2025-12, which supersedes and updates the guidance provided in Mortgagee Letter 2025-06.
