USDA Single Family Loan Guarantee Program to Resume
Source: USDA & Rural Development, August 23, 2010
Memo by: Tammye Trevino
Congress recently provided USDA with the authority to resume operating the Single Family Housing Guaranteed Loan Program (SFHGLP). When the Agency can resume the issuance of Loan Note Guarantees the new fee for purchase loans will be 3.5%. [More ...]
Tags: guaranteed, Housing, Loan, Rural Development, USDA
Source: The Wall Street Journal: Market Watch, August 20, 2010
“MONTPELIER, Vt., Aug 20, 2010 (BUSINESS WIRE) — The State of Vermont is continuing its efforts to use technology to reduce the cost of government by introducing an online registry for mobile home parks. [More ...]
Tags: efficiency, Mobile homes, on-line registration, technology, Vermont
CHT Receives $74,000 Treasury Grant
Source: VHFA, August 19, 2010
Champlain Housing Trust (CHT) was selected by U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI) to receive a $74,000 grant. This is a technical assistance award that will be used to expand staff support and operations for Champlain Housing Loan Fund. [More ...]
Tags: CDFI, CHT, grant, loan fund, VHFA
Source: Times Argus, August 16, 2010
By: Bruce Edwards
“For would-be first-time home buyers, the quest to get into that home is more challenging today and likely to remain that way until the economy turns around, according to housing advocates in the state. [More ...]
Tags: Economy, Erhard Mahnke, first-time home buyers, Housing, market, recession, Vermont Affordable Housing Coalition
Source: VHFA Housing Matters Blog, August 13, 2010
“U.S. Sen. Patrick Leahy (right) announced a $200,000 commitment in U.S. Department of Housing & Urban Development (HUD) Economic Development Initiative (EDI) funds for Salisbury Square in Randolph. [More ...]
Federal Budget/Funding, Housing Agency and Nonprofit News, Housing Creation and Preservation, Rental Housing
Tags: brownfield, EDI, HUD, Patrick Leahy
Source: Enterprise Community Partners, Inc. and Local Initiatives Support
Corporation, Inc., 2010
From the report’s executive summary:
“Since the late 1980s, the Federal Low-Income Housing Tax Credit (LIHTC) has acted as an engine of affordable housing production, building about 2 million high-quality units that rent for amounts working families can afford to pay. Organizations working to improve conditions in low-income communities have also used the program to revitalize hundreds of once-downtrodden neighborhoods. Drawing on the program’s experience in New York City, this report joins a growing body of technical research examining the tax credit’s value to communities and low-income families nationwide.”
Tags: Affordable Housing, LIHTC
Source: New England Public Policy Center
Abstract
High housing prices have caused concerns among policy makers as well as the public in many U.S. regions. There is a general belief that unaffordable housing could drive businesses away and thus impede job growth. However, there has been little empirical evidence that supports this view. In this paper, we clarify how housing affordability is linked to employment growth and why unaffordable housing could negatively affect employment growth. [More ...]
Tags: Affordable Housing, Jobn Growth, Report, Research
Source: HUD, July 2010
The total number of homeless persons in America dropped slightly between 2008 and 2009, although the number of homeless families increased — almost certainly due to the ongoing effects of the recession. HUD recently released these data as part of The 2009 Annual Homeless Assessment Report to Congress — the fifth in a series that provides both snapshots of homeless persons on a given night in 2009 (usually at the end of January) and a year-long assessment. [More ...]
Tags: Homelessness, HUD
Source: Burlington Free Press, August 12
By Dorothy Pellett
“HINESBURG — Residents of the Triple L Moblie Home Park are looking at their options after the owners announced they are selling the 65-unit park.
The park, established in 1966, is located at the intersection of North Road and the Hinesburg-Richmond Road. The sale was announced last month; the asking price on the notice of intent to sell is $1,500,000. [More ...]
Tags: Hinesburg, mobile home park, Triple L
Source: National Low Income Housing Coalition, Aug 6
HUD’s proposed FY11 Fair Market Rents (FMRs) were posted in the Federal Register on August 4. This year, along with the usual FMR tables and data files, HUD also released the proposed small area FMRs for the Dallas, TX, HUD Metro FMR Area. This is the first area that will participate in HUD’s Small Area FMR Demonstration Project, which aims to make all neighborhoods in a metropolitan area accessible to voucher holders by setting FMRs at the better-defined ZIP code level (see Memo, 5/14). [More ...]
Tags: Fair Market Rents, FY2011, HUD FMR
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