Source: Coalition on Human Needs, 2010
Deadline to Sign: September 8, 2010
“The National Commission on Fiscal Responsibility and Reform has been established by the President to make recommendations to substantially reduce the deficit by 2015. The Commission will forward proposals to Congress if they are agreed to by 14 out of 18 members. Click here for more background information > > [More ...]
Tags: Budget, Coalition on Human Needs, low-income, The National Commission on Fiscal Responsibility and Reform
Source: Rutland Herald, August, 29, 2019
By: Bruce Edwards
“It’s a tough time for first-time home buyers.
Consumer confidence isn’t high and while mortgage rates are extremely low, banks have tightened up their lending standards.
But thanks to a year-old housing program, some low-income Vermonters are realizing their dream of home ownership. [More ...]
Federal Budget/Funding, Foreclosures, Homeownership, Housing Agency and Nonprofit News, Housing Creation and Preservation, Housing Market
Tags: HARP, Housing, low-income, Vermont, Vermont Housing Finance Agency
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
On July 29, The House passed H.R. 5850, the FY11 HUD appropriations bill, with a vote of 251-167. While some budget cuts passed, the most harmful amendments were withdrawn, including Amendment #19. The amendment, offered by John Adler (D-NJ), Gary Peters (D-MI), Jim Himes (D-CT) and Peter Welch (D-VT), would have eliminated funding for Veterans Affairs Supported Housing (VASH), Resident Opportunity and Support Services (ROSS), HOPE VI, and the Brownfields Program, and reduced funding for HOME by $175M and for Self Help and Assisted Homeownership Program (SHOP) by $22M. [More ...]
Tags: H.R. 5850, HUD Budget, Welch
Source: Burlington Free Press, July 27
By Joel Banner Baird
“The summer scramble for efficiency upgrades to homes and businesses — always lively in Vermont — warms up this week as Congress works to overcome resistance from federal mortgage regulators.
Need an attic-full of fresh insulation? Property-Assessed Clean Energy (PACE) financing was designed to allow building owners to pay for the improvements over time, in the form of an addition to the local property tax bill. [More ...]
Tags: energy efficiency, PACE
Source: National Low Income Housing Coalition, Memo to Members, July 23
“President Barack Obama signed H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act, on July 21. Among its provisions, the new law, P.L. 111-203, extends the Protecting Tenants at Foreclosure Act (PTFA) through the end of 2014 and clarifies that any lease or tenancy created prior to the change of title as a result of foreclosure is protected by PTFA (see Memo, 7/16)… [More ...]
Tags: Dodd-Frank, Neighborhood Stabilization Program, NSP, Protecting Tenants at Foreclosure Act, PTFA, Wall Street Reform
Source: National Low Income Housing Coalition Memo to Members, July 23
“With new Senator Carte Goodwin (D-WV) and Maine Republican Senators Olympia Snowe and Susan Collins voting in the affirmative, the Senate finally passed H.R. 4213, extending unemployment insurance for the long-term jobless. The House quickly moved to pass the same version of the bill and the President signed the bill into law by mid-week. [More ...]
Tags: National Housing Trust Fund
Source: Brattleboro Reformer, July 23
By Howard Weiss-Tisman
“BRATTLEBORO — When Congress created the Projects for Assistance in Transition from Homelessness, or PATH, program in 1990, small states like Vermont were awarded funding based on a formula that helped them compete with states with larger populations.
The formula is based on the urban population of a state, compared to the urban population of the whole nation. [More ...]
Tags: Federal Funding, Homelessness, PATH, Vermont, Welch
Source: Housing Assistance Council, HAC News July 7
Link to full July 7th HAC News.
“…The Transportation-HUD Subcommittee, meeting July 1, rejected HUD’s proposals to cut or eliminate HOME, Indian housing, Sec. 202, Sec. 811, SHOP, and the Rural Innovation Fund. Those programs continue at 2010 levels. But the panel also declined to fund several new ideas proposed in the President’s budget, including Transforming Rental Assistance, Catalytic Investments, and Capacity Building. See the table below for HUD details. [More ...]
Tags: Appropriations, FY2011, Housing Assistance Council, T-HUD
Source: Housing Assistance Council, July 22
“July 20, 2010 – The text of the Senate Appropriations Committee’s USDA funding bill for FY 2011 is now available. S. 3606 boosts Section 502 single-family loans and holds most other rural housing programs level. The Committee rejected the Obama Administration’s proposed elimination of USDA’s rural rental preservation demonstration program, known as MPR, and also kept Section 515 rental housing at its FY 2010 level of $69 million. The most significant increase was a doubling of the loan level for Section 502 guaranteed loans to $24 billion. Section 502 direct loans received a modest increase to $1.2 billion, the Administration’s request. [More ...]
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