- May 14, 2012
HUD has issued Notice CPD 12-007, which provides operating guidance for implementing the HOME oversight provisions included in the FY 2012 HUD funding bill, P.L. 112-55. The requirements apply to all projects receiving FY 2012 HOME funds, including all 2012 CHDO set-aside funds.
- May 9, 2012
On May 7, the House Budget Committee passed the Sequester Replacement Act of 2012, H.R. 4966, and the Sequester Replacement Reconciliation Act of 2012. These two bills would combine six committees’ recommendations for spending cuts and would alter the sequester for 2013. House Budget Committee materials emphasize that the legislation does not alter the House-passed overall spending cap for FY 2013 appropriations of $1.028 trillion – $19 billion below the Budget Control Act cap being used by the Senate to guide its FY 2013 appropriations.
- May 4, 2012
On April 28, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on legislative proposals included in HUD’s FY 2013 Budget. HUD Secretary Shaun Donovan was the sole witness. Committee Chairman Tim Johnson (D-SD) highlighted in his opening statement that the Budget request reflects tough decisions, makes proposals to increase HUD’s effectiveness, and focuses on strengthening the Federal Housing Administration (FHA).
- May 1, 2012
NCSHA's 2012 Legislative Conference concluded on Wednesday, April 25 with a special tribute to an affordable housing champion and an update from HUD. Representative Barney Frank (D-MA) was honored by MassHousing Executive Director Thomas Gleason, NCSHA Executive Director Barbara Thompson, and all in attendance. HUD Secretary Shaun Donovan praised Frank for his service and gave attendees an update on HUD's plans and priorities going forward. Charles Coulter, Deputy Assistant Secretary for Single Family Housing, and Marie Head, Deputy Assistant Secretary for Multifamily Housing, delved deeper into HUD's affordable housing policies.
- April 30, 2012
On April 26, the Senate Appropriations Committee reported, by a vote of 28 to 1, its FY 2013 Agriculture and Rural Development Appropriations bill, S. 2375. The bill would provide $900 million for the Section 502 single-family subsidized direct loan program and would provide $24 billion for the Section 502 unsubsidized guaranteed loan program.
- April 26, 2012
It’s a pleasure to join so many representatives from our nation’s Housing Finance Agencies. Whether it’s providing affordable mortgages to low- and moderate-income families or expanding access to affordable rental housing, HFAs have always been a critical partner.
- April 25, 2012
On the second day of NCSHA's 2012 Legislative Conference, Housing Finance Agency (HFA) staff and other affordable housing advocates continued their efforts to tell Congress to stand strong for housing. In the morning, attendees received a Washington update from political prognosticator Charlie Cook, learned the latest tax, banking, and spending news from key congressional staff, and heard insights on the future of Fannie Mae and Freddie Mac from Acting Director Edward DeMarco of the Federal Housing Finance Agency.
- April 24, 2012
On April 23, NCSHA's 2012 Legislative Conference kicked off with addresses from Idaho Housing and Finance Association President and Executive Director and NCSHA President Gerald Hunter, NCSHA Executive Director Barbara Thompson, the Department of Treasury's Under Secretary for Domestic Finance Mary Miller, the Bipartisan Policy Center’s Housing Commission Co-Chair Former Senator Christopher Bond, and a panel of housing industry experts.
- April 23, 2012
On April 19, the Senate Appropriations Committee approved the FY 2013 spending caps, known as 302(b) allocations, for the 12 individual appropriations subcommittees, including the Transportation-HUD (T-HUD) Subcommittee. Immediately after, it approved its first two FY 2013 appropriations bills—the T-HUD Subcommittee-passed bill and the Commerce-Justice-Science Subcommittee-passed bill.
- April 17, 2012
This afternoon, the Senate Transportation-HUD (T-HUD) Appropriations Subcommittee marked up and passed its FY 2013 T-HUD appropriations bill. The bill includes $53.4 billion in appropriations for all the programs it funds—$3.9 billion, or 7 percent, less than the FY 2012 enacted level of $57.3 billion. The bill would flat-fund the HOME program at $1 billion, equal to its FY 2012 funding level. The bill would reject HUD’s proposal to short-fund, or provide less than a full 12 months of funding for, project-based Section 8 contract renewals in FY 2013 by providing $9.8 billion for the project-based Section 8 program, including more than $9.6 billion for contract renewals.
