Section 202 Tag Archives

Trump Administration Releases FY 2021 Budget Request

President Trump’s Administration released the Fiscal Year (FY) 2021 budget request, “A Budget for America’s Future.” HUD is allocated $47.9 billion in funding, a 15.2 percent decrease over FY 2020 enacted levels with notable zeroing out of the HOME program, Community Development Block Grants (CDBG), Public Housing Capital Fund, Choice Neighborhoods and HOPE VI.

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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 expire in early FY 2020. Funding expires at midnight on November 21, the Senate is expected to approve the measure before the deadline.

FY 2020 Deadline Looms, Senate Appropriations Committee Approves T-HUD Bill

Yesterday the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (T-HUD) favorably reported its FY 2020 funding bill to the full committee. The full Senate Appropriations Committee will hold a hearing on the bill at 10:30 am EDT on September 19 in the Dirksen Senate Office Building, Room 106 and via webcast.

As of publication, the T-HUD bill has yet to be released. Overall the subcommittee received a 302(b) allocation of $74.3 billion, $3.2 billion above the FY 2019 enacted levels. HUD received $56.0 billion in total budgetary resources, which is offset by $7.4 billion in receipts from the Federal Housing Agency/Ginnie Mae for a net funding level of $48.6 billion, an increase of $2.3 billion above the FY 2019 enacted level.

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HUD’s 202 Program Secures White House FY 2020 Funding Anomaly

As Congress returns from its August recess, lawmakers must act to secure funding for fiscal year (FY) 2020 ahead of the September 30 deadline. The White House released a list of requested anomalies, or changes to the current funding levels and legislative language, if lawmakers rely on a continuing resolution (CR) to fund the government past Sept. 30. HUD’s Section 202 Housing for the Elderly secured a coveted spot on that list.

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HFSC Approves Bill Requiring Carbon Monoxide Detectors in HUD-Assisted Housing

Last week the House Financial Services Committee (HFSC) marked up and approved by a voice vote the Safe Housing for Families Act of 2019 (H.R. 1690). The bill provides $300 million over three years to fund the installation and maintenance of carbon monoxide detectors in HUD-assisted housing units that have combustion-fueled appliances or a ventilation system that connects them to such units.

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NLIHC and PAHRC Release Updated National Housing Preservation Database

The National Low Income Housing Coalition and Public and Affordable Housing Research Corporation released an updated version of the National Housing Preservation Database for 2019. The database includes updated data on Section 515, Section 8, HOME, REAC and Section 202 direct loan usage across the country. In addition, LIHTC properties now have end dates to track when affordability restrictions end.