COVID-19

The Ohio Department of Health launched a Responsible RestartOhio campaign aimed at protecting the health of employees, customers and their families; supporting community efforts to control the spread of the virus; and, leading in responsibly getting Ohio back to work.

A new analysis from the National Council of State Housing Agencies documents the critical components of state housing finance agency emergency rental assistance programs established in response to the COVID-19 pandemic. So far, 11 states (Arizona, Delaware, Florida, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island and Texas) have created emergency rental […]

The Commonwealth of Kentucky received a Major Disaster Declaration on March 28, 2020 as a result of the COVID 19 pandemic. The Internal Revenue Service has indicated that the relief outlined in Revenue Procedure 2014-49 is available to jurisdictions with these declarations. This allows Kentucky Housing Corporation (KHC) to grant extensions to both the ten […]

In response to the ongoing COVID-19 outbreak, Massachusetts Governor Charlie Baker (R) signed the eviction and foreclosure moratorium bill (H.4647). The law temporarily halts all stages of most evictions. For homeowners, the law temporarily stops foreclosures and requires lenders to offer mortgage forbearance for those affected by COVID-19. This bill, however, does not cancel missed […]

In response to the COVID-19 national emergency, the Virginia Housing Development Authority (VHDA) will be offering a mortgage forbearance program for VHDA financed loans, loans through the Department of Housing and Community Development and the Virginia Housing Trust Fund.

Enterprise New York is managing Project Parachute, which will keep New York renters hardest hit by the COVID-19 pandemic safely in their homes.

The Connecticut Housing Finance Authority (CHFA) is offering owners that have or will execute a carryover allocation agreement between December 1, 2019 and December 31, 2020 the ability to request the following extensions:

A six-month extension of the ten percent test deadline for carryover allocations as required by Internal Revenue Code (IRC) Section 42(h)(1)(E)(ii) and IRS regulation 1.42-6.
A 12-month extension of the placed in-service deadline as required in IRC Section 42(h)(1)(E)(i).

As a result of the ongoing COVID-19 pandemic and concern about available resources, Kentucky Housing Corporation (KHC) postponed its anticipated funding round for non-credit multifamily projects. If additional funding resources become available, KHC will re-evaluate the feasibility of opening a non-credit funding round later in the year.

Senate Banking, Housing and Urban Affairs Committee Ranking Member Sherrod Brown (D-OH) and 25 co-sponsors introduced the Emergency Rental Assistance and Rental Market Stabilization Act, which would provide $100 billion in emergency rental assistance.

The Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA) and HUD launched an online resource on mortgage and housing assistance for renters and homeowners affected by COVID-19.

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac created online multifamily property lookup tools to help renters find out if they are protected from evictions during the COVID-19 pandemic through the CARES Act.

HUD announced the allocation of $380 million in supplemental administrative fee funding to all Public Housing Authorities (PHAs). HUD also allocated an additional $1 billion through its Community Development Block Grant.