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Legislation to Change Student Rule for Low Income Housing Tax Credit (LIHTC) Housing

U.S. Congressmen Jim McDermott (D-WA), Erik Paulsen (R-MN), and Keith Ellison (D-MN) introduced legislation (H.R. 3076) to allow formerly homeless young people to pursue a four-year college degree and still qualify for Low Income Housing Tax Credit (LIHTC) housing. Currently, Section 42 of ... read more...

Termination of the Emergency Homeowners Loan Program

The Emergency Homeowners Loan Program (EHLP), administered by the Department of Housing and Urban Development (HUD) to help homeowners avoid foreclosure by providing a forgivable loan of up to $50,000, ended on September 30, 2011. The $1 billion federal program authorized by the Dodd-Frank Wall ... read more...

New Jersey Department of Community Affairs (DCA) Takes Over the Duties of the Council on Affordable Housing (COAH)

As part of affordable housing reform effort, New Jersey Governor Christie eliminated the controversial Council on Affordable Housing (COAH).  The Council on Affordable Housing (COAH), a 12-member board responsible for administering the state’s affordable housing laws, was constantly under ... read more...

Senate Appropriations Committee Releases the FY2012 Transportation, Housing and Urban Development Funding Bill

Last week, the Senate Appropriations Subcommittee voted and approved its version of the FY 2012 Transportation, Housing and Urban Development funding bill, which differs from the House Appropriations funding bill that I posted on earlier.  The bill provides for $55.3 billion for both the ... read more...

Obama’s Project Rebuild

Yesterday President Obama announced the “American Jobs Act” proposal, which includes “Project Rebuild”, a $15 billion initiative to connect unemployed Americans with work needed to rehabilitate homes, businesses and communities.  The proposal is modeled after the Neighborhood Stabilization ... read more...

House Appropriations Committee Releases the FY2012 Transportation, Housing and Urban Development Funding Bill

The House Appropriations Committee released the FY 2012 Transportation, Housing and Urban Development funding bill, which cuts the Department of Housing and Urban Development (HUD) budget by $3 billion. The bill proposed the following levels for housing program funds: • HOME Investment ... read more...

HUD Announces Grantees of the Choice Neighborhoods Implementation Grants

The U.S. Department of Housing and Urban Development (HUD) selected Seattle, San Francisco, Boston, New Orleans, and Chicago to be the first receivers of a collective $122 million in Choice Neighborhoods Implementation grants. The grants will be used to assist in neighborhood revitalization in ... read more...

The U.S. Department of Housing and Urban Development (HUD) Announces Availability of $25 Million for Multifamily Energy Innovation Fund

The U.S. Department of Housing and Urban Development (HUD) Office of Affordable Housing Preservation (OAHP) issued a notice of funding availability (NOFA) of $25 million for the Multifamily Energy Innovation Fund to be used for the purpose of energy efficiency upgrades at multifamily ... read more...

The U.S. Department of Housing and Urban Development (HUD) Awards Over $28 Million For Rural Communities

The U.S. Department of Housing and Urban Development (HUD) awarded 46 rural and tribal communities more than $28 million through the Rural Innovation Fund to address distressed housing conditions and concentrated poverty.  HUD received a total of 307 applications, requesting more than $236 ... read more...

The Department of Housing and Urban Development (HUD) Publishes Proposed FY 2012 Fair Market Rents

The Department of Housing and Urban Development (HUD) published a Federal Register notice with proposed 2012 Fair Market Rents (FMR) for the Housing Choice Voucher (HCV) and Moderate Rehabilitation Single Room Occupancy programs. The Fair Market Rents (FMR) are used to determine the following: ... read more...
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