Executive Order Directs Agencies to Consider Ways to Prevent Evictions, Foreclosures

Executive Order Directs Agencies to Consider Ways to Prevent Evictions, Foreclosures

On August 8, President Trump issued an Executive Order (E.O.) to address COVID-19-related challenges for renters and homeowners. The E.O. directs a number of federal agencies, including the Department of Housing and Urban Development (HUD) and the Department of Treasury, to consider actions to prevent eviction and foreclosure. However, it does not include specific policy changes.

The E.O. directs the Department of Health and Human Services and the Centers for Disease Control and Prevention to consider whether an eviction ban is needed. It also directs the Federal Housing Finance Agency, in consultation with Treasury, to review existing authorities that can be used to prevent evictions and foreclosures.

Further, it requires the Secretaries of Treasury and HUD to identify any available federal funds that could be used to provide temporary financial assistance to renters or homeowners suffering financial hardships because of the pandemic. However, it does not provide any additional funding for assistance or redirect funds from any other source to be used for rental or mortgage help.

The E.O. also instructs HUD to take action to promote avoidance of eviction or foreclosure. These actions may include providing assistance to and encouraging public housing authorities, landlords, and other HUD grantees to minimize evictions and foreclosures.

While the CARES Act’s 120-day eviction moratorium for most federally assisted housing expired on July 24, foreclosure and eviction moratoriums remain in place for Fannie Mae, Freddie Mac, Federal Housing Administration, and Veterans Affairs loans through August 31.

Lowe Announces Coalition of Community Leaders to Help Oklahomans Facing Eviction

State Rep. Jason Lowe, D-Oklahoma City, will host a press conference to address the looming spike in evictions throughout the state and to announce a coalition of community leaders that will be providing support to those facing eviction.

“Thousands of Oklahomans, devastated by job loss and decreased income due to COVID-19, are facing eviction next month now that the federal eviction moratorium has expired,” Lowe said. “It is imperative that the public knows their rights as tenants, as well as the community services available to them in order to prevent a homelessness crisis.”

WHEN: 11:15 a.m., Friday, August 7

WHERE: Oklahoma State Capitol, outside near the South entrance


Michael Figgins – Executive Director of Legal Aid Services of Oklahoma

Jennifer Montagna – Lead Eviction Attorney at Legal Aid Services of Oklahoma

Ginny Carl – Executive Director of Community Cares Partners and Founder and CEO of Giving Well LLC

Joy Turner – Director of Investigation and Monitoring at Oklahoma Disability Law Center, Inc.

Brian Wilkerson – Director of Litigation and Legal Services at Oklahoma Disability Law Center, Inc.

Marilyn Long – Founder and Executive Director at North East Resource Center, Inc.

OHFA 2021 QAP Virtual Discussion

Just a reminder: OHFA’s Virtual 2021 QAP Discussion is scheduled for today, August 6, 2020 at 9:30am.

CLICK HERE to view the first two draft QAPs as well as public comments.

If you have not already done so, please register for the formal public input session that will be held via Zoom on Thursday, August 6th, 2020 from 9:30 AM – 12:00 PM. You may use the link below to register.

Register in advance for this meeting.

OHFA 2021 QAP Virtual Discussion

Just a reminder: OHFA’s Virtual 2021 QAP Discussion is scheduled for tomorrow, August 6, 2020 at 9:30am.

CLICK HERE to view the first two draft QAPs as well as public comments.

If you have not already done so, please register for the formal public input session that will be held via Zoom on Thursday, August 6th, 2020 from 9:30 AM – 12:00 PM. You may use the link below to register.

Register in advance for this meeting.

HUD announces proposed streamlined single-family servicing policies

Last month, the Department of Housing and Urban Development (HUD) announced that FHA published proposed revisions to its single-family servicing policies to reduce burdens on homeowners and mortgage servicers. The revisions include changing the standard servicing loss mitigation home retention waterfall, eliminating unnecessary and time-consuming borrower documentation requirements for Trial Payment Plans, and modifying servicing and operational policies like the allowable fee structures. “Our proposed policy changes will strengthen servicers’ ability to keep families experiencing financial challenges in their homes. They reduce the unnecessary barriers that often impede the delivery of timely borrower assistance,” said Acting Federal Housing Commissioner Len Wolfson in a statement.

ACTION Campaign Update and Monthly Call, Friday, August 7 at 2 PM EST

Join the ACTION Campaign Monthly Call on Friday, August 7

The ACTION Campaign monthly call will be held on Friday, August 7 at 2:00 PM EST. Call-in information:

  • Phone number: 929-205-6099
  • Meeting ID: 193 634 880
  • Password: 256387

Senate Republicans Release Covid-19 Package, Bicameral Negotiations Begin

On July 27, Senate Republicans released their proposal for the next Covid-19 package, the Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act, which totals roughly $1 trillion. Senate Leader Mitch McConnell (R-KY) developed the plan in consultation with the Administration, though there is not yet Republican unanimous support for some aspects of the proposal. The Senate Republican proposal is a counter to the House passed HEROES Act, H.R.6800, totaling roughly $3 trillion.

Neither the HEALS Act nor the HEROES Act include ACTION’s Low-Income Housing Tax Credit (Housing Credit) priorities for Covid-19 relief. However, there is still considerable support from many Senators and House members for adding these provisions. The HEALS Act includes limited housing funding— $2.2 billion for Section 8 tenant-based rental assistance, $1 billion for the Public Housing Operating Fund, and $113.4 million for the 521 rural rental assistance program. The HEROES Act includes far more affordable housing resources.

Negotiations between the Senate and the House have now begun, and Congress aims to complete the next Covid relief package before heading into August recess, though as of this writing the two sides remain far apart. ACTION encourages advocates to do outreach to their Members of Congress at this critical time, particularly those favorable to the Housing Credit on the Senate Finance Committee and the House Ways & Means Committee, to encourage them to press House and Senate negotiators to include our Housing Credit priorities in the final bill.

103 Representatives Send Letter to House Leadership Urging Inclusion of ACTION Housing Credit Priorities in Next Covid-19 Relief Package

On July 31, a bipartisan group of 103 Representatives, including 44 Republicans and 59 Democrats, sent a letter to House leadership urging the inclusion of Housing Credit priorities in the next Covid-19 response package. The letter was spearheaded by affordable housing champions and Affordable Housing Credit Improvement Act (AHCIA) co-leads Representatives Suzan DelBene (D-WA-01) and Jackie Walorski (R-IN-02). It calls for a minimum 4 percent Housing Credit rate, additional basis boosts, a lowering of the “50 percent” test, and an increase in Housing Credit allocation by at least 50 percent. The inclusion of these Housing Credit priorities in the next Covid-19 relief package is particularly urgent given the delays to affordable housing production caused as a result of the pandemic. The ACTION Campaign applauds these 103 Members of Congress for elevating these Housing Credit proposals as critical for Covid-19 relief and urges advocates to continue outreach to their Members as Congress continues to negotiate the next package. The Representatives who signed-on include:

Don Bacon (R-NE-02) Jimmy Gomez (D-CA-34) David Price (D-NC-04)
James R. Baird (R-IN-04) Anthony Gonzalez (R-OH-16) Mike Quigley (D-IL-05)
Troy Balderson (R-OH-12) Raul Grijalva (D-AZ-03) Jamie Raskin (D-MD-08)
Joyce Beatty (D-OH-03) Jim Hagedorn (R-MN-01) Guy Reschenthaler (R-PA-14)
Jack Bergman (R-MI-01) Jahana Hayes (D-CT-05) David P. Roe, M.D. (R-TN-01)
Donald S. Beyer, Jr. (D-VA-08) George Holding (R-NC-02) John Rose (R-TN-06)
Earl Blumenauer (D-OR-03) Eleanor Holmes Norton (D-DC-AL) Harley Rouda (D-CA-48)
Lisa Blunt Rochester (D-DE-AL) Richard Hudson (R-NC-08) Tim Ryan (D-OH-13)
Suzanne Bonamici (D-OR-01) Bill Johnson (R-OH-06) Michael F.Q. San Nicolas (D-GU-AL)
Susan W. Brooks (R-IN-05) Dusty Johnson (R-SD-AL) Linda Sanchez (D-CA-38)
Julia Brownley (D-CA-26) David P. Joyce (R-OH-14) Mary Gay Scanlon (D-PA-05)
Larry Bucshon, M.D. (R-IN-08) John Joyce, M.D. (R-PA-13) Jan Schakowsky (D-IL-09)
Ted Budd (R-NC-03) John Katko (R-NY-24) Bradley S. Schneider (D-IL-10)
Cheri Bustos (D-IL-17) Mike Kelly (R-PA-16) David Schweikert (R-AZ-06)
André Carson (D-IN-07) Daniel T. Kildee (D-MI-05) Terri A. Sewell (D-AL-07)
Judy Chu (D-CA-27) Derek Kilmer (D-WA-06) John Shimkus (R-IL-15)
David N. Cicilline (D-RI-01) Ron Kind (D-WI-03) Jason Smith (R-MO-08)
Katherine Clark (D-MA-05) Adam Kinzinger (R-IL-16) Adam Smith (D-WA-09)
Paul Cook (R-CA-08) Darin LaHood (R-IL-18) Abigail D. Spanberger (D-VA-07)
Joe Courtney (D-CT-02) Doug LaMalfa (R-CA-01) Pete Stauber (R-MN-08)
Henry Cuellar (D-TX-28) James R. Langevin (D-RI-02) Elise M. Stefanik (R-NY-21)
Joe Cunningham (D-SC-01) John B. Larson (D-CT-01) Steve Stivers (R-OH-15)
Rodney Davis (R-IL-13) Al Lawson (D-FL-05) Thomas R. Suozzi (D-NY-03)
Danny K. Davis (D-IL-07) Barbara Lee (D-CA-13) Xochitl Torres Small (D-NM-02)
Rosa L. DeLauro (D-CT-03) Elaine G. Luria (D-VA-02) Lori Trahan (D-MA-03)
Suzan DelBene (D-WA-01) Stephen F. Lynch (D-MA-08) Michael R. Turner (R-OH-10)
Val Butler Demings (D-FL-10) Kenny Marchant (R-TX-24) Tim Walberg (R-MI-07)
Lloyd Doggett (D-TX-35) James P. McGovern (D-MA-02) Jackie Walorski (R-IN-02)
Adriano Espaillat (D-NY-13) Cathy McMorris Rodgers (R-WA-05) Peter Welch (D-VT-AL)
Dwight Evans (D-PA-03) Carol D. Miller (R-WV-03) Brad R. Wenstrup, D.P.M. (R-OH-02)
Brian Fitzpatrick (R-PA-01) Stephanie Murphy (D-FL-07) Roger Williams (R-TX-25)
Jeff Fortenberry (R-NE-01) Jimmy Panetta (D-CA-20) Don Young (R-AK-AL)
Bill Foster (D-IL-11) Chris Pappas (D-NH-01) Lee Zeldin (R-NY-01)
Jesús G. "Chuy" García (D-IL-04) Bill Pascrell (D-NJ-09)
Bob Gibbs (R-OH-07) Scott H. Peters (D-CA-52)

"4 Percent" Housing Credit Rate Drops to Historic Low for August

The “4 percent” Housing Credit rate, which saw a slight increase to 3.08 percent in July, has dropped back to the record low rate of 3.07 percent for the month of August. The “4 percent” Housing Credit rate is not set at 4 percent as its name implies; instead, it fluctuates according to federal borrowing rates, which have been slashed in response to Covid-19. Because of this drop in the Housing Credit rate, affordable housing properties across the country are at risk. Enacting a minimum 4 percent Housing Credit rate would provide immediate equity to developments currently stalled and could produce approximately 126,000 additional affordable rental homes in the next 10 years, supporting 157,000 jobs during the same period. ACTION urges Congress to enact a minimum 4 percent Housing Credit rate to help ensure that affordable housing developments are financially viable.

The Affordable Housing Credit Improvement Act Gains More Bipartisan Support

The AHCIA reached an impressive milestone in the House this past March, with more than half of all Representatives cosponsoring the legislation. Since then, Representatives Luis Correa (D-CA-46), Jack Bergman (R-MI-01), and Josh Gottheimer (D-NJ-05) have signed-on. H.R.3077 now totals 224 bipartisan cosponsors. In the Senate, Senators Dianne Feinstein (D-CA) and Sherrod Brown (D-OH) are the latest to sign-on to S.1703, which now totals 41 cosponsors. ACTION thanks these Members of Congress for their support of affordable housing.

Check out ACTION’s updated cosponsor list to find out who is currently signed-on in each state.

Senate Democrat’s Economic Justice Act Includes Expansion of Housing Credit

On July 16, Senate Democrats released The Economic Justice Act, a proposal to invest $350 billion in communities of color as a part of the next Covid-19 relief package. The proposal is intended to further buttress House Democrats’ HEROES Act. The proposal includes the expansion of the Housing Credit by $5 billion for setting a minimum 4 percent rate for bond-financed Housing Credit properties, which would expand Housing Credit production by an estimated 126,000 units over ten years. These investments would fall under the $215 billion in the proposal aimed at long-term investments in communities of color. Click here to read a summary of the proposal. Click here to read a more detailed background of the proposal.

ICYMI: ACTION’s Updated National, State, and District Fact Sheets Show Housing Credit’s Impact Nationwide

This past month, the ACTION Campaign updated its national, state, and district fact sheets. ACTION urges its members and affordable housing advocates across the country to use these fact sheets to demonstrate to Members of Congress the urgent need for affordable housing in their communities and to elevate the importance of the inclusion of the Housing Credit in the next Covid-19 relief package.

REMINDER: 8/2 Deadline for Comments on OHFA 2021 Tax Credit Application (QAP)

OHFA will accept public comments on the 2nd Draft of the 2021 QAPnd Draft of the 2021 QAP through Sunday August 2nd.

Please use the online discussion forum to post comments to this draft. The discussion forum may be accessed here: http://ohfa2021qapcomments.freeforums.net/

If you have not already done so, please register for the formal public input session that will be held via Zoom on Thursday, August 6th, 2020 from 9:30 AM – 12:00 PM. You may use the link below to register.

Register in advance for this meeting.

Register to Vote in the Primary Runoff Election

Across Oklahoma, there are many primary runoff elections on August 25. Runoff elections are typically low turnout elections, and in many cases, these are the elections which will end up making the biggest impact on local and state government in the following years.
If you need to register to vote, update your voter registration address or party affiliation, CLICK HERE to visit the Oklahoma State Election Board.
No matter if you are registering for the first time or updating your registration, get it done by this Friday, July 31 to ensure you can vote in this critical upcoming election and make your voice heard!

COVID-10 Housing Resource Center

From our Friends at National Housing Conference:

As housing professionals, many Americans are counting on us and that’s no small order, especially when faced with the need to support our family, colleagues and friends even more during this crisis. If we want to continue to assist others, it’s important to practice self-care. That is why NHC has complied informative resources on maintaining a healthy mental and physical lifestyle on their COVID-19 Housing Resource Center webpage, The Oxygen Mask Rule. Find resources on everything from supporting employees in the workplace to reducing stress, meditation, managing anxiety, and more!

Be sure to bookmark the page and check back for ongoing updates.