HUD
Congress Advances End-of-Year Spending Bill, Tax Package
Yesterday the House of Representatives voted to approve federal funding for the remainder of FY 2020, which will provide $738 billion to the military and $632 billion to non-defense agencies. The Senate is expected to pass the measures before the current continuing resolution expires on December 20, and the White House has indicated President Trump will sign them into law.
Louisiana Releases $42 Million Piggyback Resilient Mixed-Income NOFA
The Louisiana Housing Corporation (LHC) released the Piggyback Resilient Mixed-Income (PRIME) NOFA, which is designed to develop resilient multifamily properties in areas that were greatly impacted by the 2016 floods. This NOFA will make available $42 million in Community Development Block Grant (CDBG) funds to be combined with LIHTC and bond-financed mortgage proceeds, supporting the development of mixed-income multifamily properties
US Conference of Mayors Calls on Candidates to Expand HUD Funding
The United States Conference of Mayors has issued a new report “Mayor’s Vision For America: A 2020 Call To Action” which calls for new investments in infrastructure, innovation and inclusion. The report outlines 12 priorities including to “make housing more affordable and end homelessness.” The report specifically calls for increased funding for the Community Development Block Grant and HOME Program as well as the creation of a new program for blighted neighborhood restoration. Additionally, the report calls for the expansion of rental housing supply noting, “There is an increased need for rental housing. The nation needs to create and pursue policies to develop more rental housing.
HUD Issues Request for Information on Eliminating Regulatory Barriers to Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) published a Request for Information (RFI) seeking public comment on Federal, State, local, and Tribal laws, regulations, land use requirements, and administrative practices that artificially raise the costs of affordable housing development and contribute to shortages in America’s housing supply.
HUD Releases 2020 Operating Cost Adjustment Factors
HUD released the 2020 operating cost adjustment factors (OCAFs) for project-based rental assistance with an anniversary date on or after February 11, 2020. The nationwide OCAF increased by 2.2 percent, ranging from 1.8 percent in Oklahoma to 3.4 percent in Hawaii and the Pacific Islands. OCAFs are annual factors used to adjust Section 8 rents […]
Green New Deal for Public Housing Introduced in House & Senate
Senator Bernie Sanders (D-VT) and Representative Alexandria Ocasio-Cortez (D-NY) introduced the Green New Deal for Public Housing Act. The legislation would create seven grant programs to upgrade public housing units through decarbonization and mixed-use development and repeal the Faircloth Amendment, which prohibits new public housing units above the amount of units owned, operated or assisted by a PHA as of October 1, 1999.
Rep. Omar Introduces Bill to Create 12 Million New Affordable Rental Units
Representative Ilhan Omar (D-MN) introduced the Homes for All Act of 2019, which will dramatically expand the public housing stock in the U.S. and guarantee housing as a human right. The bill will authorize construction of 12 million new public housing and private, permanently affordable rental units.
Chairwoman Waters, Senator Harris Introduce Housing is Infrastructure Act
House Committee on Financial Services Chairwoman Maxine Waters (D-CA) and Senator Kamala Harris (D-CA) introduced the Housing is Infrastructure Act of 2019 (H.R. 5187/S. 2951). The bills contain the following investments in housing:
$42 Million in CDBG Funds Available in Louisiana
The Louisiana Housing Corporation (LHC) will officially announce a $42 million Community Development Block Grant (CDBG) Notice of Funding Availability (NOFA) on Wednesday, December 11 during its regularly scheduled board meeting. These CDBG funds will be combined with LIHTC and bond-financed mortgage proceeds.
Virginia Seeks Input on Public Housing Transformation Updates
The Virginia Housing Development Authority (VHDA) identified public housing transformation as one of the its highest priorities and is considering the following options:
House Approves CR for Federal Funding through December 20
On November 19, the House of Representatives voted 231-192 on H.R. 3055 to approve a continuing resolution (CR) that would fund the federal government through December 20. The new CR maintains an important adjustment for the Section 202 Housing for the Elderly program that will prevent renewal delays for Project Rental Assistance Contracts set to […]
Louisville, Kentucky: Family Scholar House Helps Residents Achieve Economic Independence through Academic Success
HUD User published a case study on the Riverport Family Scholar House, one part of a larger multi-generational housing development. Riverport provides affordable housing and a network of support services to single parents and foster care alumni who are pursuing post-secondary education in Louisville, KY. Residents receive access to free or heavily subsidized child care, […]