Resources
NCSHA Submits Letter in Response to HUD Tribal Letter on DPA
On February 14, HUD published a letter by the General Deputy Assistant Secretary for Housing sent to Tribal Leaders. The letter, issued in accordance with HUD’s Government-to-Government Tribal Consultation Policy, requested feedback on regulatory changes HUD has been planning to implement for some time on the usage of down payment assistance (DPA) in conjunction with FHA single-family mortgage insurance.
ACTION Recommendations to Congress for Immediate Housing Credit Accommodations Related to COVID-19
The ACTION Campaign, which NCSHA co-chairs, released this statement calling on Congress to take immediate action to postpone certain Housing Credit deadlines to prevent developments from losing their tax credits due to the impact of COVID-19. The statement also urges Congress to establish a 4 percent minimum rate for bond-financed developments, as action by the Federal Reserve to reduce interest rates has driven the 4 percent credit rate to a historical low.
Message from Commissioner Montgomery Regarding COVID-19
A special March 17, 2020 address by Brian D. Montgomery, HUD Assistant Secretary for Housing and Federal Housing Commissioner, regarding COVID-19. "I’m reaching out at this extraordinary time, during the Coronavirus (COVID-19) outbreak, to ensure that FHA’s many stakeholders – including borrowers, lenders, property owners and agents, and business partners — understand the status of our operations and our plans as health and economic events unfold. and evolve."
NCSHA Comments on Affirmatively Furthering Fair Housing 2020 Proposed Rule
In response to HUD’s 2020 proposed rule to revise its Affirmatively Furthering Fair Housing (AFFH) regulations, on March 16, NCSHA submitted this letter on behalf of the state housing finance agencies outlining specific steps the administration can take to uphold the Fair Housing Act and practical implementation of its AFFH obligation.
National Low Income Housing Coalition Report: “The Gap: A Shortage of Affordable Homes, March 2020”
In its March 2020 report, “The Gap: A Shortage of Affordable Homes,” the National Low Income Housing Coalition (NLIHC) found that there are just 36 affordable and available rental homes for every 100 eligible low-income renter households nationwide. The report also highlights that 71 percent of the lowest-income renter households are severely cost-burdened, spending more than half of their incomes on housing, and at a high risk of experiencing eviction and homelessness. According to NLIHC, as housing disparities increase, states are less prepared to accommodate the demand for adequate, affordable homes for their lowest-income renters.
IRS Notice 2020-10 (2020 Population Figures)
Notice 2020-10 advises State and local housing credit agencies that allocate low-income housing tax credits under § 42 of the Internal Revenue Code, and States and other issuers of tax-exempt private activity bonds under § 141, of the population figures to use in calculating: (1) the 2020 calendar year population-based component of the State housing credit ceiling (Credit Ceiling) under § 42(h)(3) (C)(ii); (2) the 2020 calendar year volume cap (Volume Cap) under § 146; and (3) the 2020 volume limit (Volume Limit) under§ 142(k)(5).
Protected: Housing Counseling Webinar: How the Homeowner Assistance Fund Can Serve Your Clients
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How to Use the New State HFA Factbook Data Visualization and Reports Online Platform
NCSHA’s State HFA Factbook is the best source of information on HFAs and their program activity. Users can now access and filter that valuable data online through the HFA Factbook Online: Data...
Sign-On Letter: Campaign for Housing and Community Development Funding, FY 2021 Appropriations
On February 21, 2020, the Campaign for Housing and Community Development Funding (CHCDF) sent a letter signed by 4,707 organizations, including NCSHA, to Senators Richard Shelby, Patrick Leahy, Nita Lowey, and Kay Grange urging members of Congress to work together to ensure affordable housing, community development, and transportation programs receive the highest allocation of discretionary funds possible in FY 2021.
