- March 28, 2012
On March 21, the House Transportation-HUD Appropriations Subcommittee held its hearing on HUD’s FY 2013 Budget request. HUD Secretary Shaun Donovan was the sole witness. In his opening statement, Subcommittee Chairman Tom Latham (R-IA) stated that he is concerned the HUD budget has reached a “tipping point,” with the cost of renewals overtaking the rest of HUD’s budget. In his opening statement, Subcommittee Ranking Member John Olver (D-MA) stated his concern for the shortfall in proposed funding for the PBRA program and said he wished that the fiscal situation allowed for HUD to request more funding for capital programs.
- March 22, 2012
On March 19, Representative Steve LaTourette (R-OH) —a member of the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies—and Representative Marcia Fudge (D-OH) introduced the Restore our Neighborhoods Act of 2012, H.R. 4210.
- March 12, 2012
On March 6, Senate Appropriations and Banking Committee senior member Jack Reed (D-RI) introduced the Project Rebuild Act, S. 2162. The bill would provide $15 billion to “renovate vacant residential and commercial properties and help communities recover from the foreclosure crisis.” It would direct approximately $10 billion to states, cities, and nonprofits through a formula modeled on the one used by the Neighborhood Stabilization Program (NSP). The remaining $5 billion would be distributed through a competition and states would receive a minimum of $20 million.
- February 10, 2012
Watch for NCSHA’s coverage of President Obama’s FY 2013 Budget proposal on Monday, February 13. Little information has leaked out so far, but we have learned that the Budget will not propose to restore any of the deep funding cut HOME suffered in FY 2012, recommending that it be level-funded at $1 billion. We have also heard that the Administration will propose to cut project-based Section 8 by $1 billion. In more positive news, we expect the Budget to include $1 billion for the Housing Trust Fund and $15 billion for Project Rebuild.
- February 1, 2012
According to the White House fact sheet on President Obama’s Plan to Help Responsible Homeowners and Heal the Housing Market, released today, the Administration’s FY 2013 Budget will propose $1 billion for the Housing Trust Fund and $15 billion for Project Rebuild. The Budget is set to be released on February 13.
- October 12, 2011
On October 6, the House Financial Services Subcommittee on Insurance, Housing, and Community Opportunity held a hearing on the Obama Administration’s response to the housing crisis. Representatives from Treasury, HUD, and the U.S. Department of Agriculture (USDA) all testified about how programs run by their agencies are addressing the housing crisis.
- July 19, 2011
On July 18, Senator Tom Coburn (R-OK) released a plan, Back in Black, which he says would achieve $9 trillion in savings over the next ten years. According to a summary of the savings, $1 trillion would come from reforming tax expenditures; $4 trillion would be cut from discretionary spending, including $1 trillion from the Department of Defense; over $2.6 trillion would come from entitlement program savings; and $1.4 trillion in savings would come through interest payment reduction.
- June 7, 2011
Harvard's Joint Center for Housing Studies released June 6 the 2011 State of the Nation's Housing report, which documents the continuing hardships in the single-family and multifamily housing sectors.
- April 18, 2011
The Urban Land Institute (ULI) Terwilliger Center is accepting entries and nominations for their new workforce housing competition, The Robert C. Larson Workforce Housing Public Policy Awards. The new awards program aims to recognize exemplary state and local programs, policies, and practices that support the production, rehabilitation, or preservation of workforce housing through innovation in these areas that will impact the future of workforce housing, as well as current efforts to provide ongoing and sustainable workforce housing.
- April 18, 2011
The Center for Housing Policy recently released a research report, Should I Stay or Should I Go? Exploring the Effects of Housing Instability and Mobility on Children, a composite and analysis of four separate reports analyzing household moves and family data. The study suggests that further data could inform housing assistance program design and community development initiatives.
