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: 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
Source: National Low Income Housing Coalition, Memo to Members, Aug 6
The Senate adjourned on August 5 without passing funding for the National Housing Trust Fund (NHTF). As previously reported, Majority Leader Harry Reid (D-NV) had hoped to move an amendment, which included the NHTF and tax extenders, on H.R. 5297, the Small Business Jobs and Credit Act of 2010 (see Memo, 7/30). However, the Senate was unable to complete that legislation before adjourning for the August recess. [More ...]
Tags: Federal Housing Policy, NHTF
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 ...]
Source: New Hampshire Public Radio, June 8
By Dan Gorenstein
“Federal officials are designing new affordable housing programs.
They’ve signaled an interest in helping communities with high numbers of mortgage foreclosures and neighborhoods with access to mass transit.
But housing advocates worry rural states like New Hampshire will be overlooked. [More ...]
Tags: Affordable Housing, HUD, New Hampshire, NHPR, Sustainable Communities
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