The FY2016 Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) has released a bill that virtually eliminates the HOME program. HOME was funded at $900 million in FY16. This THUD bill funds HOME at $66 million (a staggering 93% cut from last year!).
Housing News
By a 5-4 ruling, the U.S. Supreme Court upholds a category of U.S. Fair Housing Act - “disparate impact”. Click here for the decision, and click here for the article in the Washington Post.
Bill Contains Severe Cuts Due to Sequester Caps, Leaves NHTF Intact
UPDATE
Explore the National Housing Trust Fund (NHTF) in just five easy digestible pieces. Ed Gramlich, Senior Advisor with the National Low Income Housing Coalition, will help you to navigate the regulations behind the National Housing Trust Fund. This five-part series will explain why the National Housing Trust Fund is necessary; explore why the focus is on extremely low income renters; provide detailed information on how the funds will be distributed to states; describe how the funds can be used; and demonstrate how a portion of the National Housing Trust Fund can be u
On Monday, June 15, 2015, HUD published a revised RAD Notice, PIH 2012-32, REV-2.
The Notice has been revised primarily to: (1) incorporate changes authorized by the FY 15 Appropriations bill (e.g., increasing the cap on public housing conversions from 60,000 to 185,000 units), (2) include lessons learned from the previous two years with respect to gaps in policy and better management of transactions, and (3) clarify questions on the Notice that HUD was frequently getting from stakeholders.
The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A total of 76 organizations (Allocatees) across the country will receive tax credit allocation authority under the 2014 round of the New Markets Tax Credit Program.
Click here for a list of Massachusetts awardees/allocatees.
The Federal Trade Commission (FTC) and the Department of Housing and Urban Development (HUD) are working together to alert consumers of scams aimed at people who are seeking Section 8 housing.
Suggests Housing, Transportation and Environmental Actions to Ensure Metro Boston and Massachusetts Benefit over Long Term
Urge Your Representative to Oppose Bill and Harmful Amendments
Charlestown Works Program will provide incentives and training toward better job opportunities and greater financial independence for residents