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...
