- February 8, 2010The President’s FY 2011 Budget proposes $2.06 billion for homeless accounts, an 11 percent increase over the FY 2010 funding level. The Administration proposes $1.8 billion for continuum of care and rural housing stability assistance programs; $200 million for the Emergency Solutions Grants program, formerly the emergency shelter grants program; and $6 million for the national homeless data analysis project.
- February 5, 2010On February 4, Senate Majority Leader Harry Reid (D-NV) announced that he expects the Senate to work February 8-12 on the first of several jobs bills he expects the Senate to consider this year. Reid said he hopes the Senate will complete action on the jobs bill by February 12, when lawmakers are scheduled to start the Presidents Day recess.
- February 4, 2010
On January 28, Senator Bob Casey (D-PA) introduced the Homeowners’ Relief and Neighborhood Stabilization Act of 2010, S. 2969. The bill would provide $1 billion in funding for the Neighborhood Stabilization Program (NSP) for the redevelopment of foreclosed and abandoned properties as affordable housing and $3 billion for the Emergency Homeowners’ Relief Fund, a long-dormant HUD foreclosure prevention program that would provide emergency mortgage assistance relief to qualified homeowners. - February 4, 2010NCSHA's analysis of the President's 2011 budget has been picked up and quoted extensively on MortgageNewsDaily.com.
- February 4, 2010DSNews.com announced recently that Fannie Mae and Freddie Mac selected NCSHA affiliate member U.S. Bank to act as administrator and closing agent for the Temporary Credit and Liquidity Program and New Issuance Bond Program under the Administration’s HFA Initiative.
- February 3, 2010
On February 2, Federal Housing Finance Agency (FHFA) Acting Director Edward DeMarco outlined the FHFA’s goals and plans for supervising Government-Sponsored Enterprises Fannie Mae and Freddie Mac (the GSEs) while they are in conservatorship. - February 2, 2010
The Administration yesterday sent Congress its FY 2011 Budget, proposing funding for all federal programs, including HUD and the Department of Agriculture’s (USDA) rural housing programs. It also contains the Administration’s tax proposals, including an extension of the Housing Credit Exchange program in 2010 and the extension and expansion of the Build America Bonds program. - February 2, 2010On January 25, the US Department of Energy (DOE) published a final rule on the Weatherization Assistance Program (WAP) for Low-Income Persons. This rule amends the WAP eligibility provisions applicable to multifamily developments, effective February 24, 2010.
- January 27, 2010On January 21, HUD held a conference call with Section 8 Performance-Based Contract Administrators (PBCA) and HUD contract administration staff on its proposed new Annual Contributions Contract (ACC) ACC and PBCA rebidding process. Their presentation was similar to the one they gave at NCSHA’s HFA Institute on January 14.
- January 27, 2010Senate tax writers are considering how to move forward on several high-priority tax items this year, including the left-over-from-last-year extenders bill to reinstate tax provisions that expired at the end of 2009, estate tax reform, the expiration this year of several major tax cuts enacted several years ago in the Bush Administration, and proposals designed to generate jobs.
