Congress Passes FY2010 HUD Appropriations Bill – December 14, 2009
Please click here for the bill text.
Please click here for an analysis of the bill from Enterprise.
HUD Releases Discussion Draft of Transforming Rental Assistance Initiative – April 2, 2010
In the 2011 budget, HUD proposes to launch a multi-year effort called the Transforming Rental Assistance (TRA) initiative to preserve HUD-funded public and assisted housing, stem the loss of affordable units, enhance housing choice for residents and streamline the administration of HUD’s rental assistance programs. In 2011, the first phase of this initiative would provide $350 million to preserve approximately 300,000 units of public and assisted housing and expand housing choices for families with Housing Choice Vouchers (HCVs). Later this spring, HUD will submit proposed legislation to the Congress to authorize this voluntary conversion of properties to long-term property-based Section 8 rental assistance, and to make other changes to HUD’s programs to advance the streamlining goals of TRA.
Please click here to read the full discussion draft.
More MA Homeowners Face Foreclosure In 2009, But Fewer Lose Their Homes (Banker & Tradesman) – January 21, 2010
The number of foreclosures initiated in Massachusetts jumped 28.1 percent in 2009 to 27,928 from 21,804 in 2008 but was 5.5 percent below the level in 2007, according to the latest report from The Warren Group, publisher of Banker & Tradesman.
The number of completed foreclosures, meanwhile, declined 25.4 percent to 9,269 last year from 12,430 in 2008 but was still 21.1 percent ahead of the 7,653 foreclosures recorded two years earlier.
Please click here for the full article.
Congress Enacts Legislation to Reform HUD’s Section 811 Supportive Housing for Persons with Disabilities – December 21, 2010
From the Technical Assistance Collaborative:
Section 811 Reforms
The Frank Melville Supportive Housing Investment Act makes long overdue improvements to the Section 811 program by:
* Modernizing and simplifying the capital advance program for non-profit sponsors;
* Integrating supportive housing for people with disabilities into larger multi-family affordable rental housing developments;
* Protecting an existing tenant-based program targeted to people with disabilities; and
* Creating an innovative subsidy approach that will allow states and localities leverage additional capital funds for the creation of new units of supportive housing.
This important legislation is named in honor of the late Frank Melville, the first Board Chair of the Melville Charitable Trust. Frank Melville and the entire Melville Charitable Trust family have been national leaders in promoting supportive housing as a highly successful and cost-effective best practice that can prevent and end unnecessary institutionalization and homelessness among people with the most significant and long-term disabilities.
Please click here to read the announcement from TAC.
DHCD issues RFR for Qualified Purchasers Under New State Expiring Use Law – January 19, 2010
Please click here for the RFR document.