News

HUD Seeks Comments on Sec. 209 Pertaining to Small PHAs – Comments Due April 15

HUD issued a notice on implementing several sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155 of the 115th Congress) that was signed into law by President Trump on May 24, 2018. Section 209 of the bill made several amendments pertaining to small public housing agencies (PHAs) that administer 550 or fewer combined public housing units and vouchers under section 8(o) that predominantly operate in a rural area.

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Economic and Fixed Income Insights, April 9, 2019

US core inflation unexpectedly cooled in March. The core consumer price index, which excludes food and energy, rose 0.1 percent from the prior month, and 2 percent from a year earlier, according to Bloomberg. In other economic news, the Internal Monetary Fund (IMF) cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in most major advanced economies.

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Economic and Fixed Income Insights, April 2, 2019

US companies added the fewest workers in March since late 2017 as construction and manufacturing cut jobs, according to ADP Research Institute. Private payrolls increased by 129,000, well below the 197,000 jobs added in February. In other economic news, durable goods orders fell 1.6 percent in February, following a 0.1 percent gain at the start of the year, according to Bloomberg.

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HFSC Passes the Ending Homelessness Act

The House Financial Services Committee (HFSC) passed the Ending Homelessness Act (H.R. 1856) with a 32-26 vote. The legislation provides $13.27 billion in new funding over five years to federal programs and initiatives to prevent homelessness. It includes funding for new units of affordable housing, new vouchers, case management and technical assistance.

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