Resources
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.
NCSHA Letter to FHFA Director on COVID-19-Related Liquidity Needs of State HFA Seller-Servicers of MBS
This letter from NCSHA to Federal Housing Finance Agency Director Mark Calabria describes the urgent COVID-19-related liquidity needs of state housing finance agency (HFA) seller-servicers of Fannie Mae and Freddie Mac mortgage-backed securities and asks him to take immediate steps to help those HFAs to ensure they can continue to assist home buyers and homeowners throughout the country.
NCSHA Summary of Coronavirus Relief Legislation
The U.S. Senate passed unanimously on March 25, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, after reaching agreement among Democratic, Republican, and White House negotiators. The House is expected to pass the bill on March 27. This memorandum summarizes the housing-specific provisions in the bill, including supplemental appropriations for HUD and other housing programs, increased liquidity for state and local municipal bond issuers, and forbearance for homeowners and multifamily properties.
NCSHA Submits Letter to Ginnie Mae on COVID-19 Servicing Concerns
On March 25, 2020, NCSHA sent this letter to Ginnie Mae urging it to help state housing finance agency (HFA) issuers of Ginnie Mae securities meet their pressing liquidity needs due to COVID‐19. The letter describes the servicing and liquidity concerns of HFA issuers and recommends Ginnie Mae provide relief to them. It also explains that, while NCSHA supports industry-wide efforts to provide liquidity to servicers, the mission and structure of state HFAs demand a more targeted approach.
NCSHA Letter to IRS, Treasury on Emergency Housing Credit Program Measures Due to COVID-19 Pandemic
NCSHA sent this letter calling on the Internal Revenue Service and U.S. Department of the Treasury to take immediate steps to ease Housing Credit deadlines and provide other needed program accommodations due to social distancing during the COVIED-19 pandemic.
