11:19 PM
Julio Barreto
Both the House of Representatives and US Senate will need to complete action on a 2010 housing appropriations bill before Congress adjourns this year. The House approved its version of an appropriations bill July 23 while the Senate Appropriations Committee approved its version July 30 (see August 11 post).
Affordable housing advocates are pleased with the funding provided for the Department of Housing and Urban Development (HUD). It is uncertain if the HOPE VI will survive in its current form. The House funded the program at $250 million but the Senate provided funding for the administration’s proposed Neighborhood Choice Initiative. This new program is designed to allow for a broader pool of applicants and incorporate other elements of a community during the revitalization efforts. The HOPE VI program currently provides funding for public housing agencies. The Neighborhood Choice Initiative would allow local governments, for-profit and non-profit entities to apply for funding.
While the Senate will debate the merits of these two programs when the bill is up for a vote, no one expects major obstacles in the passage of a 2010 housing appropriations bill.
HUD Announces First Round of Stimulus Funding to Housing Authorities
The Department of Housing and Urban Development Secretary Shaun Donovan announced September 3 that 15 public housing authorities will receive a total of $96 million in stimulus grants. The funding is part of an additional $1 billion which will be awarded competitively to housing authorities.
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Affordable housing advocates are pleased with the funding provided for the Department of Housing and Urban Development (HUD). It is uncertain if the HOPE VI will survive in its current form. The House funded the program at $250 million but the Senate provided funding for the administration’s proposed Neighborhood Choice Initiative. This new program is designed to allow for a broader pool of applicants and incorporate other elements of a community during the revitalization efforts. The HOPE VI program currently provides funding for public housing agencies. The Neighborhood Choice Initiative would allow local governments, for-profit and non-profit entities to apply for funding.
While the Senate will debate the merits of these two programs when the bill is up for a vote, no one expects major obstacles in the passage of a 2010 housing appropriations bill.
HUD Announces First Round of Stimulus Funding to Housing Authorities
The Department of Housing and Urban Development Secretary Shaun Donovan announced September 3 that 15 public housing authorities will receive a total of $96 million in stimulus grants. The funding is part of an additional $1 billion which will be awarded competitively to housing authorities.
Interesting Read
Mortgage Market Bound by Major U.S. Role
Classes of Borrowers Cannot Find Loans as Publicly Backed Debt Mounts
By Zachary A. Goldfarb and Dina ElBoghdady
The Washington Post
Forecasting the Midterm Elections: An Early Look at What to Expect in 2010
Alan I. Abramowitz
Crystal Ball
Bleeding Independents
Obama's agenda has fanned fears that government is expanding too far, too fast.
By Charlie Cook
National Journal
Volunteer 5-0: Civilian Patrols Grow As Recession Puts Citizens on Guard
By Jennifer Levitz
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