by iwd Tina | Jun 21, 2011 | Housing News
In the wake of the mortgage foreclosure crisis, calls have grown for a national housing policy that more evenly balances homeownership and rental housing. As America “rediscovers” the rental option, one could easily forget that for at least the past several decades one in three U.S. households — or more than 37 million households in 2008 — have been renters. While often overlooked, rental housing makes up a critical segment of the nation’s housing stock, providing a home for families and individuals unable to afford the cost of ownership or whose life circumstances simply make renting a better option.
This brief looks at recent trends among renters and in the rental market, drawing from research conducted with support from the John D. and Catherine T. MacArthur Foundation by the Center for Housing Policy, the Joint Center for Housing Studies of Harvard University, and the National Low Income Housing Coalition.
by iwd Tina | Jun 21, 2011 | Housing News
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today unveiled the Department’s fiscal year 2011 budget proposal, following President Barack Obama’s presentation of his Administration-wide budget. The HUD budget focuses on fiscal discipline, creating jobs and builds on the administration’s first year accomplishments by proposing reform in HUD’s housing and community development programs to make them more streamlined, efficient, and accountable.
HUD’s budget proposal seeks to make targeted investments in people and places – instead of policies and programs –to effectively support HUD’s mission while being accountable to the American taxpayer. $6.9 billion in projected FHA and Ginnie Mae receipts contribute to the FY 2011 proposed $48.5 billion budget total and to the administration’s deficit reduction plans. Net of the $6.9 billion in projected FHA and Ginnie Mae receipts the Budget proposes overall funding of $41.6 billion, 5% below fiscal year 2010, and makes difficult decisions to cut funding for a number of programs.
Please click here for the full press release from HUD.
Please click here for a budget analysis from the National Low Income Housing Coalition.
Please click here for Enterprise’s summary.
by iwd Tina | Jun 21, 2011 | Housing News
This month, Citizens’ Housing and Planning Association (CHAPA) joined several other partners to advocate for adequate budget resources to keep families, persons with disabilities, and seniors in affordable homes instead of shelters. The group, called the Building Blocks Coalition, is working to draw attention to the fact that Massachusetts housing costs are unaffordable and without greater resources, many more residents are going to end up homeless in the coming year.
To read the full press release, click here.
by iwd Tina | Jun 21, 2011 | Housing News
December 15, 2010 – Agencies Expand Scope of Community Reinvestment Act Regulations to Encourage Support for HUD Neighborhood Stabilization Program Activities
The federal bank and thrift regulatory agencies today announced changes to Community Reinvestment Act (CRA) regulations to support stabilization of communities affected by high foreclosure levels.
To view the full press release click here.
by iwd Tina | Jun 21, 2011 | Housing News
Please click here to download a copy of the plan.
by iwd Tina | Jun 21, 2011 | Housing News
Washington, DC – On May 28th, the House of Representatives passed H.R. 4213, the American Jobs and Closing Tax Loopholes Act, legislation that would provide vital tax cuts and support for American workers while also investing in American jobs through tax relief for businesses and investments in infrastructure.Please click here to read the full press release.
