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Uncertainty Looms for Low-Income Tenants

With the Department of Housing & Urban Development (HUD) shutdown, the 70% rent subsidy for low-income tenants is not being paid to private building owners. The Washington Post reported that HUD is suggesting to landlords that they should draw on their reserves to make up shortfalls. ... read more...

The U.S. Department of Housing and Urban Development (HUD) Awards $1.9 Billion to Public Housing

Today, the U.S. Department of Housing and Urban Development (HUD) announced an award of more than $1.9 billion in capital funding to public housing authorities in all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands.  The Capital Fund Program provides annual ... read more...

Reduced Funding a Concern for Rural Affordable Housing in Fiscal Year 2012

Movement into the second half of the first session of the 112th Congress brings several issues to the forefront when dealing with rural affordable housing.  There are major changes in funding that will impact Fiscal Year 2012’s Rural Development Budget.  The following issues, as stated by the ... read more...

HUD Fiscal Year 2011 Appropriations – Follow-up

In follow-up to Max’s post on the proposed amendment to the HUD Fiscal Year 2011 Appropriations Act that would severely cut several important affordable housing programs administered by the United States Department of Housing and Urban Development (HUD), the amendment was withdrawn so the ... read more...

Fiscal Year 2011 HUD Appropriations Act

Today the House of Representatives will vote on an amendment to the House Transportation Housing & Urban Development Committee Fiscal Year 2011 HUD Appropriations Act. The amendment would: 1)      Cut $75,000,000 for Veterans Affairs Supportive Housing (VASH) vouchers; 2)      Cut ... read more...

U.S Housing and Urban Development (HUD) Awards Capital Funds to Local Delaware Housing Authorities

Today the U.S. Housing and Urban Development (HUD) awarded $5,200,789 to several Delaware housing authorities, including the Delaware State Housing Authority (DSHA), Wilmington Housing Authority (WHA), Dover Housing Authority (DHA), and Newark Housing Authority (NHA).  The funding is part of ... read more...

HUD Awards over $18 million of American Recovery and Reinvestment Act (ARRA) Funds to the Wilmington Housing Authority (WHA)

Yesterday, I attended a press event to mark the U. S. Department of Housing and Urban Development (HUD) awarding the Wilmington Housing Authority (WHA) over $18 million in American Recovery and Reinvestment Act (ARRA) Funds.  Needless to say, this has a tremendous impact on the City of ... read more...

The Obama Administration Announced New Initiatives for State and Local Housing Finance Agencies

The Obama Administration through the United States Department of Housing and Urban Development (HUD) annouced two new initiatives to help state and local housing finance agencies and the affordable housing industry. The first initiative is the New Issue Bond Program (NIBP), whereby the United ... read more...
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