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HUD Report Finds Worst Case Housing Needs Continuing to Grow
On August 9, HUD released its biannual Worst Case Housing Needs Report to Congress. The report finds that, despite continued signs of a strengthening national economy, 8.30 million households had worst case needs in 2015, up from 7.72 million in 2013 and approaching the record high of 8.48 million in 2011. HUD defines worst case housing needs as renters with very-low incomes (below 50 percent of area median income) who do not receive government housing assistance and who spend more than half of their income on rent, live in severely inadequate conditions, or face both of these challenges. In 2015, the vast majority of households with worst case housing needs had severe housing cost burdens, while two percent lived in severely inadequate conditions.
Amber Hills Appointed to CHFA’s Board of Directors
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Gov. John Hickenlooper has appointed Amber Hills, market president at FirstBank, as a new member of CHFA’s board of directors.
Senate Confirms HUD and Treasury Nominees
The U.S. Senate yesterday confirmed by voice vote several of President Trump’s nominees for key housing and tax policy positions, including: Neal Rackleff, to be HUD Assistant Secretary for Community Planning and Development; Anna Farias, to be HUD Assistant Secretary for Fair Housing and Equal Opportunity; and David Kautter, to serve as Assistant Secretary of Treasury for Tax Policy. The three nominees were passed as part of a broader package of 65 nominees spanning a variety of federal agencies.
Indiana Announces Indianapolis Integrated Supportive Housing Initiative
The Indiana Housing and Community Development Authority (IHCDA), in partnership with the City of Indianapolis, released two Request for Qualifications (RFQ) for the Indianapolis Integrated Supportive Housing Initiative, which will create 500 units of affordable housing through $4.6 million of investment from IHCDA.
DCHFA Launches the Housing Investment Platform with the Groundbreaking of Elvans Road Townhomes
DCHFA partners with H2DesignBuild and City First Bank to construct new affordable homes in Ward 8
NCSHA Presents Testimony at U.S. Senate Hearing Examining Solutions to America’s Affordable Housing Crisis
NCSHA President Grant S. Whitaker testified before the U.S. Senate Committee on Finance during an August 1 hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.”
Whitaker to Testify on Affordable Housing at Senate Finance Committee Hearing
NCSHA President Grant Whitaker, who serves as president and chief executive officer of the Utah Housing Corporation, will testify on behalf of NCSHA before the Senate Finance Committee at a hearing on America’s Affordable Housing Crisis: Challenges and Solutions. The hearing will be broadcast live on the Committee’s website, and will also be available there for streaming thereafter.
Senate Banking Committee Approves Administration’s HUD Nominees
The Senate Banking Committee voted during executive session July 27 to approve the nominations of six Trump Administration nominees for positions in the Departments of Housing and Urban Development (HUD), Treasury, and Commerce.
Strong HOME and Section 8 Outcomes in Senate Appropriations Committee-Approved FY 2018 Bill
On July 27, the Senate Appropriations Committee unanimously approved its Fiscal Year (FY) 2018 Transportation and Housing and Urban Development (THUD) funding bill, providing $950 million for the HOME Investment Partnerships program (HOME) and fully funding Section 8 rental assistance—strong outcomes that NCSHA and other program stakeholders helped achieve in a difficult fiscal environment.
House Committee Unanimously Approves Bill to Classify Municipal Bonds as High-Quality Liquid Assets
The House Financial Services Committee on July 25 unanimously voted to report the Municipal Finance Support Act of 2017, H.R. 1624, to the full House of Representatives for consideration. The legislation, introduced by Representative Luke Messer (R-IN), would allow large banks to count some of their municipal bond investments, including tax-exempt housing bonds, as high-quality liquid assets (HQLAs) under federal bank liquidity standards. NCSHA and several other state and local organizations supported the bill.
Senate Appropriations Subcommittee Approves FY 2018 HUD Funding Bill
On July 25, the Senate Appropriations Subcommittee on Transportation and Housing and Urban Development (THUD) approved by voice vote its Fiscal Year (FY) 2018 funding bill.
Senate Banking Committee Holds Hearing to Consider Trump Nominees for Key HUD Positions
The Senate Banking Committee held a hearing July 18 to consider three Trump Administration nominees for key positions at the Department of Housing and Urban Development (HUD): Paul Compton, to be General Counsel; Anna Farias, to be Assistant Secretary for Fair Housing and Equal Opportunity; and Neal Rackleff, to be Assistant Secretary for Community Planning and Development.
