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Delaware to Receive $12,454,159 in Block Grant Allocations for FY 2011

The U.S. Department of Housing and Urban Development (HUD) released the following final FY 2011 block grant allocations totaling 5.4 billion, of which Delaware is receiving $12,454,159: $3.3 billion in Community Development Block Grant (CDBG) funds (reduced 16.5% from FY 2010); Dover- $247,673 ... read more...

Efforts to Revive the Housing Counseling Assistance Program

In an earlier post I stated that the FY 2011 Continuing Resolution completely eliminated funding for the U.S. Department of Housing and Urban Development’s (HUD) Housing Counseling Assistance Program. Well, Sens. Robert Menendez (D-N.J.), Olympia Snowe (R-N.J.), Jay Rockefeller (D-W.Va.) and ... read more...

HUD AWARDS HOPE VI Grants

Out of the 36 public housing authorities that applied for FY 2010 HOPE VI Revitalization funding, the Housing and Urban Development (HUD) awarded $152.7 million to the following eight housing authorities: $22 million to the Boston Housing Authority; $22 million to the Housing Authority of the ... read more...

The U.S. Department of Housing and Urban Development (HUD) Invites Public Comments on Section 8 Fair Market Rents Surveys

The U.S. Department of Housing and Urban Development (HUD) is requesting public comments regarding surveys to provide HUD with a way to estimate Section 8 Fair Market Rents in areas not covered by the American Community Survey annual reports and in areas where Section 8 Fair Market Rents may be ... read more...

Update on HOME Investment Partnership Program Investigation

The House Financial Services Committee will hold a hearing on May 31, 2011 to examine the allegations of mismanagement in the Department of Housing and Urban Development’s (HUD) HOME Investment Partnership Program. According to the House Financial Services Committee press prelease, Chairman ... read more...

“A Catalyst for Economic Growth” from Novogradac’s 2011 Affordable Housing Conference in New Orleans

I am posting from Novogradac’s 2011 Affordable Housing and Low Income Housing Tax Credit (LIHTC) Conference in New Orleans.  The conference is happening in the wake of significant proposed legislation that could impact available financing for affordable housing developments and recent ... read more...

The Department of Housing and Urban Development’s (HUD) HOME Program Under Scrutiny

Senate Banking Committee Chairman Tim Johnson (D-S.D.) and ranking member Richard Shelby (R-Ala.) issued a joint statement on Monday regarding their plan to investigate the Department of Housing and Urban Development’s (HUD) HOME Investment Partnerships Program, due to a investigation published ... read more...

New Federal Housing Administration (FHA) Multifamily Closing Documents

The U.S. Department of Housing and Urban Development (HUD) released new closing documents for the Federal Housing Administration (FHA)  multifamily mortgage.  The new closing documents are required for mortgages that receive a firm commitment for mortgage insurance from the U.S. Department of ... read more...

Shortage of Affordable Rental Housing

The need for affordable rental housing is rising. The foreclosure crisis converted many homeowners into renters and the recession lowered the amount of income that could be spent on such housing. The National Low Income Housing Coalition (NLIHC) released its annual Out of Reach report on the ... read more...

The U.S. Department of Housing and Urban Development (HUD) Provides $110 Million in Grants For Low-Income Families

The U.S. Department of Housing and Urban Development (HUD) has provided Notices of Funding Availability (NOFA) for three grants, offering approximately  $110 million to help provide low-income families with resources to obtain education, job training or employment: Public and Indian Housing ... read more...
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