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NALHFA Call to Action: Urge Congress to Pass Key Housing Provisions

Posted By Administration, Friday, May 15, 2020
Today, U.S. House of Representatives will vote on the “Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act,” which provides funding for key housing provisions, including:
 
  • The “Emergency Rental Assistance and Rental Market Stabilization Act” to provide $100 billion in emergency rental assistance to help keep renters stably housed
  • $75 billion to create a Homeowners Assistance Fund at the state, local, and tribal level to help homeowners with mortgage payments, insurance, property taxes, and other costs
  • $10 billion for Housing Choice Vouchers for people experience or at risk of homelessness and survivors of domestic violence
  • $5 billion in Community Development Block Grants
  • $375 Billion in local relief
  • A national, uniform moratorium on evictions and foreclosures
  • Nearly $13 billion in funding for housing programs at HUD and USDA.
 
Join our grassroots campaign today to urge your Representatives to pass these critically needed housing provisions!

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House Democrats Release Phase 4 COVID-19 Relief Legislation

Posted By Administration, Wednesday, May 13, 2020
Yesterday, House Democrats released their $3 trillion Phase 4 COVID-19 relief legislation, the Heroes Act (see the bill text and section-by-section summary). House leadership is currently aiming to pass the bill on Friday, May 15. The legislation may face heightened scrutiny in the Republican-controlled Senate. 
 
It is unclear how Senate Majority Leader McConnell will move forward on negotiations.  The Senate is more likely to develop their own legislation. If that happens the two versions would need to be reconciled. Senate Republicans are already developing their list of priorities for future legislation.

 

For more information, please click here

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NALHFA Commends Senate Confirmation of Brian Montgomery as Deputy Secretary of HUD

Posted By Administration, Wednesday, May 13, 2020
WASHINGTON, DC- May 13, 2020 – The Senate voted yesterday to confirm Brian Montgomery as the Deputy Secretary of Housing and Urban Development (HUD). Montgomery had recently served as HUD’s acting deputy secretary, assistant secretary for housing and federal housing commissioner. The Senate Committee on Banking, Housing and Urban Affairs advanced the nomination of Dana T. Wade to be assistant secretary for housing and federal housing commissioner at HUD. Wade previously held this position in an acting capacity between 2017 and 2018. 
 
"NALHFA commends the confirmation of Brian Montgomery as Deputy Secretary. During his tenure as commissioner under President George W. Bush and President Obama, Montgomery led legislative efforts to preserve the nation's affordable rental housing stock and to provide much needed affordable housing financing to develop more than 300,000 rental units throughout the country,” said Jonathan Paine, NALHFA Executive Director. “Montgomery brings tremendous knowledge and experience to the position and will be a true asset to the Department of Housing and Urban Development.” 

 

For the full statement, please click here.

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Urge Congress to Cosponsor Bill to Provide $100 Billion in Emergency Rental Assistance

Posted By Administration, Monday, May 11, 2020

Representative Maxine Waters (D-CA), chair of the House Financial Services Committee, Representative Denny Heck (D-WA), and over seventy original cosponsors will soon introduce the “Emergency Rental Assistance and Rental Market Stabilization Act” to provide $100 billion in emergency rental assistance to help keep the lowest-income renters stably housed during the coronavirus pandemic. Senator Sherrod Brown (D-OH), ranking member of the Senate Committee on Banking, Housing and Urban Affairs, will introduce companion legislation this week.

 

Urge your senators and representatives to be original cosponsors of this critical legislation! NALHFA has created a grassroots campaign and ask all members to take action today.

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NALHFA Call to Action: Urge Congress to Increase Funding Affordable Housing Programs

Posted By NALHFA, Wednesday, April 15, 2020
Urge Congress to Increase Funding for Affordable Housing Programs
 
As members of Congress are working on drafting a fourth COVID-19 stimulus package, the National Association of Local Housing Finance Agencies (NALHFA) and coalition partnersurgeCongressto include additional funding and flexibility for affordable housing programs and the expansion of the Low Income Housing Tax Credit.
 
As COVID-19 leaves millions of Americans without a job and no way to pay for housing, NALHFA encourages Congress to include additional funding for the HOME Investment Partnership Program (HOME), the Community Development Block Grant (CDBG) Program and Emergency Solutions Grants (ESG). Additionally, NALHFA encourages Congress to include increased flexibility for these programs to allow administrators to efficiently respond to the housing crisis.
 
NALHFA along with theACTION Campaignurges Congress to provide a one-year extension for three key program deadlines for the Low Income Housing Tax Credit (Housing Credit) program:
 
  • 10 percent test deadlines - Currently, at least 10 percent of the anticipated basis of a development must be expended within one year of the Housing Credit allocation. We propose temporarily extending this deadline to the end of the second year of allocation for properties that received Housing Credit allocations between December 31, 2016 and January 1, 2022.
  • Placed in service deadlines - Buildings must currently be placed in service by the end of the second year after the calendar year of the Housing Credit allocation. We proposed temporarily extending this deadline to the end of the third year after the calendar year of allocation for properties that received Housing Credit allocations between December 31, 2016 and January 1, 2022.
  • Rehabilitation expenditure deadlines - These are currently required to be placed in service within 24 months. We propose temporarily extending the rehabilitation expenditures deadline to be met at the close of 36-months.
 
We also recommend that Congress enact a minimum 4 percent Housing Credit rate to bolster future production and preservation of affordable housing. With federal borrowing rates effectively zeroed out in response to COVID-19’s economic impacts, the 4 percent Housing Credit rate is at an all-time low of 3.12 percent, and will likely dip even further next month.
 
For more information, please visit NALHFA'sCOVID-19 Resource Center.

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NALHFA Applauds the Senate for Passing COVID-19 Stimulus Package

Posted By NALHFA, Thursday, March 26, 2020

Press Release – March 26, 2020

Contact: Katelynn Harris

202-367-2405

info@nalhfa.org

 

NALHFA Applauds the Senate for Passing

COVID-19 Stimulus Package

 

WASHINGTON, DC – The National Association of Local Housing Finance Agencies (NALHFA) applauds the Senate for unanimously voting late last night to pass a $2.2 trillion stimulus package in response to the novel coronavirus, COVID-19.

 

“NALHFA applauds the Senate for taking this important step to stabilize the U.S. economy and provide billions of dollars in important and necessary funds to address the affordable housing crisis which has been exasperated by the COVID-19 pandemic,” said NALHFA Executive Director, Jonathan Paine. "Congress is already beginning discussions around future federal aid packages to provide additional relief to American households and businesses. NALHFA will continue to specifically advocate for the inclusion of Housing Credit provisions."

 

NALHFA is continuing to engage with Congress, the White House Administration and industry stakeholders as this legislation now moves to the House of Representatives.

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NALHFA Urges Stakeholders to Contact Members of Congress on Stimulus Package

Posted By NALHFA, Wednesday, March 25, 2020
Last Wednesday, in the wake of COVID-19 NALHFA and coalition partners through the ACTION Campaign called on Congress to extend three key Low Income Housing Tax Credit (Housing Credit) statutory deadlines by one year as the deadlines would be nearly impossible for many to meet due to the COVID-19 crisis.
 
Specially the ACTION Campaign urges Congress to provide a one-year extension for three key program deadlines:
 
  • 10 percent test deadlines. Currently, at least 10 percent of the anticipated basis of a development must be expended within one year of the Housing Credit allocation. We propose temporarily extending this deadline to the end of the second year of allocation for properties that received Housing Credit allocations between December 31, 2016 and January 1, 2022.
 
  • Placed in service deadlines. Buildings must currently be placed in service by the end of the second year after the calendar year of the Housing Credit allocation. We proposed temporarily extending this deadline to the end of the third year after the calendar year of allocation for properties that received Housing Credit allocations between December 31, 2016 and January 1, 2022.
 
  • Rehabilitation expenditure deadlines. These are currently required to be placed in service within 24 months. We propose temporarily extending the rehabilitation expenditures deadline to be met at the close of 36-months.
 
ACTION Campaign also recommends that Congress enact a minimum 4 percent Housing Credit rate to bolster future production and preservation of affordable housing. With federal borrowing rates effectively zeroed out in response to COVID-19’s economic impacts, the 4 percent Housing Credit rate is at an all-time low of 3.12 percent, and will likely dip even further next month.
 
 
Please contact your Senators today and urge them to include the above Housing Credit provisions in the third COVID-19 stimulus package. Click here to contact your Senator’s office today, it only takes a few seconds to complete!

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NALHFA Launches COVID-19 Resource Center

Posted By NALHFA, Wednesday, March 25, 2020
In light of COVID-19, NALHFA has created aresource centerwith tools and resources on how the federal government is responding to the COVID-19 pandemic. There are sections on Congress, the White House, HUD, FHFA, and others, all focused on the implications local housing finance agencies are facing during the crisis.
 
Additionally, the page highlights some of NALHFA’s advocacy efforts in response to COVID-19:
 
  • NALHFA, as part of the CDBG Coalition, has signed onto letters tothe Senateand theHouserequesting additional funding and statutory relief for CDBG and HOME.
  • NALHFA and the ACTION Campaigncirculated a letterurging the Congress to extend three key deadlines for the Low Income Housing Tax Credit program in a COVID-19 stimulus package.
  • NALHFA supports and endorses theAddressing Affordable Housing Challenges in the Midst of COVID-19letter, which was sent to key Congressional members urging to keep affordable housing as a priority in any COVID-19 stimulus package.
NALHFA's COVID-19 Resource Center is updated daily as new information becomes available.
 
If you have any questions or feedback related to the resource center or NALHFA's response to the health crisis, contact Katelynn Harris, Policy Director at kharris@nalhfa.org.

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NALHFA Cancels Annual Conference Scheduled for May

Posted By NALHFA, Friday, March 20, 2020
Updated: Tuesday, March 24, 2020
Dear NALHFA Members,

On behalf of the National Association of Local Housing Finance Agencies (NALHFA) Board of Directors, I want to express that the health and safety of our conference attendees is and always will be our first priority. The novel coronavirus (COVID-19) continues to affect people throughout the world, and the situation is fluid, with information changing daily. 

After careful consideration, dialogue with key stakeholders and legal counsel, as well as considerable evaluation of the evolving concerns surrounding COVID-19, the NALHFA Board of Directors has decided to cancel the Annual Conference, scheduled for May 6 – 9 in New York City. It is NALHFA’s hope to be able to postpone the conference to the fall and we are currently working with the hotel regarding our options to do so. 

NALHFA has been intently monitoring developments regarding COVID-19 and have been following the information about the outbreak from the World Health Organization (WHO) and the US Centers for Disease Control and Prevention (CDC), among others. 

The ongoing spread of COVID-19 has resulted in mounting concern over health safety, along with increased travel advisories and government health warnings. With this information and directive, it became clear that the most responsible path forward is to cancel the conference with the intent to postpone this fall. 

NALHFA will be sharing more information regarding issuing registration refunds and sponsorships in the coming week. The New York Hilton Midtown has already initiated refunding deposits for conference attendees. If you have not heard from the hotel you are encouraged to reach out directly. 

NALHFA appreciates your understanding and the ongoing support that our attendees, sponsors and industry partners have shown. 

Should you have any questions, please feel free to contact me at jpaine@nalhfa.org. 

Sincerely,
Jonathan M. Paine, CAE
NALHFA Executive Director 

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NALHFA Mourns Board Member Todd Lee of DCHFA

Posted By Administration, Monday, January 6, 2020

It is with a heavy heart that NALHFA shares the passing of Board Member Todd Lee, Executive Director and CEO of the DC Housing Finance Agency (DCHFA). Todd, 51, is survived by his wife and two children. NALHFA extends our heartfelt condolences to the Lee family during this time. Todd was deeply committed to affordable housing and commercial real estate, with over 30 years in the industry. Todd served as the Executive Director and CEO of the DCHFA since 2016 and served on NALHFA’s Board of Directors since 2017.

 

Read NALHFA's full statement here

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5/12/2021 » 5/15/2021
NALHFA 2021 Annual Conference

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NALHFA 2022 Annual Conference

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