• June 02, 2016

    We take this opportunity to express our concerns with your agencies' policy of requiring Freddie Mac and Fannie Mae ("the GSEs") to operate without adequate capital. We appreciated Director Watt's recent remarks at the Bipartisan Policy Center focusing on the very serious risks to the GSEs' operations, and by extension to the overall housing finance market, if they are required to completely eliminate their capital buffers. We hope that these concerns will lead you to reassess this course of action.

  • May 16, 2016

    While we support the goals articulated by the U.S. Department of Housing and Urban Development’s (HUD) AFFH regulations, we are deeply concerned that the state tool, which states must use to conduct the Assessment of Fair Housing (AFH) under AFFH, imposes unreasonable requirements on states that go well beyond what is necessary to achieve meaningful fair housing planning. We urge HUD to revise the tool in a manner responsive to our recommendations below.

  • April 22, 2016

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA) and U.S. Senators Charles E. Schumer (D-NY) were today joined by local housing builders and advocates to urge Congress to expand the Low-Income Housing Tax Credit (LIHTC). Cantwell and Schumer pushed a national campaign, led by Cantwell, to increase federal resources for affordable housing. Cantwell and Schumer are calling for a 50 percent expansion of the LIHTC, and reforms to better target the lowest income populations. Since its creation 30 years ago, this tax credit has financed nearly 3 million homes across the United States, several thousand in New York City alone. The proposal would finance approximately 400,000 additional units of affordable housing nationwide over the next decade.

  • April 07, 2016

    The FHA-HFA Risk-Sharing Program is an important tool in financing affordable multifamily housing. We commend HUD for proposing changes to the program to improve its functionality, better align it with current industry and HUD policies and practices, and provide greater flexibility for program participants. We believe HUD’s proposed rule will make the program even more effective in preserving and producing affordable housing at even less risk to the federal government, especially if HUD amends it to take into account the following comments.

  • March 24, 2016

    Leaders from both sides of the aisle, including President Obama and House Speaker Ryan, recognize that persistent poverty is both destructive to families and a barrier to our nation’s economic growth. We need affirmative policy solutions to prevent people from falling through the cracks if we are to expand opportunity and improve our economic well-being.

  • March 24, 2016

    NCSHA commends FHFA for all of its efforts under the leadership of Director Watt to encourage the Government-Sponsored Enterprises (GSEs) to do more to support responsible affordable housing lending. We are especially pleased that FHFA has produced in this proposed rule such a strong and comprehensive strategy for increasing Fannie Mae’s and Freddie Mac’s responses to the housing needs of underserved markets and populations. We thank FHFA for including within this rule several provisions designed to support key HFA programs, most notably the Housing Credit and Housing Bonds. We offer the following thoughts in response to the rule’s proposals and questions.

  • March 10, 2016

    The organizations listed below urge you to increase the 302(b) allocation to the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) to the highest possible level for fiscal year (FY) 2017. The list below includes 2,042 national, state, and local business, transportation, housing and community development, faith-based, disability, civil rights, and anti-violence organizations, as well as officials in municipal, tribal and state governments.

  • March 07, 2016

    Our nation continues to suffer from a lack of sufficient infrastructure to meet the growing needs of our nation’s citizens and businesses. Further, much of our nation’s existing infrastructure is crumbling. Municipal bonds have built four million miles of roads, 500,000 bridges, 16,000 airports, 900,000 miles of pipe in water systems and thousands of libraries, health clinics and public transportation systems. Municipal bonds are also used to underwrite low-cost education loans and build workforce housing.

  • February 25, 2016

    NCSHA's FY 2017 Proposed Budget Chart for HUD and USDA Housing Programs

  • February 25, 2016

    Preliminary Analysis of the Administration’s Proposed FY 2017 Budget