• April 10, 2015

    The Housing Choice Voucher (HCV) program isthe federal government’s largest low-income housing assistance program, serving approximately 2.1 million households nationwide. The HCV program is administered federally by the U.S. Department of Housing and Urban Development (HUD) and locally by approximately 2,300 local, regional, and state agencies, referred to collectively as public housing agencies (PHAs). Funding for the HCV program is provided by the federal government. The funding that PHAs receive for running the HCV program includes the housing subsidy itself, plus administrative fees to cover the costs of running the program.

  • February 04, 2015

    The U.S. Department of Housing and Urban Development (HUD) finds that worst case housing needs decreased during the 2011-to-2013 period but persist at high levels across demographic groups, household types, and regions. Substantial unmet needs for affordable rental housing remain even as economic conditions are improving. The unmet need for decent, safe, and affordable rental housing continues to outpace the ability of federal, state, and local governments to supply housing assistance.

  • December 05, 2014

    CSH is pleased to present “Housing Credit Policies in 2014 that Promote Supportive Housing.” This report builds on our assessment of 2013 Qualified Allocation Plan (QAP) policies and examines the strategies housing credit agencies adopted to foster and encourage supportive housing development within QAPs for the Low Income Housing Tax Credit (Housing Credit), highlighting significant changes made within QAPs this year. CSH examined 56 QAPs for this report.

  • November 18, 2014

    The value of the Fund has improved significantly, now standing at $4.8 billion. The increased economic value represents a capital reserve ratio of 0.41. This improvement shows tremendous progress, especially considering that the Fund had a negative value of $16.3 billion just two years ago. The two-year gain in Fund value is an impressive $21 billion. The performance of the portfolio has improved dramatically in a short period of time. Foreclosure starts are down 63 percent since the height of the crisis and recoveries to the Fund have improved 68 percent from their lowest level– saving billions of dollars. While FHA must still respond to challenges presented by legacy books and market volatility, the independent actuary’s report demonstrates that FHA is firmly on the right track and is projected to continue improving.

  • July 08, 2014

    Over the past 50 years, the U.S. Department of Agriculture (USDA) has used a three-part strategy to effectively overcome these barriers. First, with direct Section 515 Rural Rental Housing Loans (Section 515) and Section 514/516 Farm Labor Housing Loans and Grants (Section 514/516), USDA has financed the construction of more than 500,000 units of affordable rental housing. Second, since 1987, USDA has provided financing to preserve the long-term, affordable use of these properties. Lastly, through its Section 521 Rural Rental Assistance (Section 521) program, USDA has helped keep rents affordable for vulnerable residents.

  • September 29, 2010

    Harvard Report Finds Excessive Risk Taking and Lapses in Regulation Led to the Nonprime Mortgage Lending Boom