10/22/2010
IN THIS ISSUE:

Long-Awaited Capital Fund Financing Program Rule Issued

Today, three years after HUD solicited comments on a proposed Capital Fund Financing Program (CFFP) rule, the department has released the final version. In general, the rule has not changed significantly, with the exception of the removal of any Operating Fund Financing Program provisions. It also allows a streamlined procedure for submitting mixed-finance proposals and for proposals from some standard and high performing agencies. CLPHA has long advocated for a 'safe harbor' provision that would make the application process significantly faster. CLPHA will provide a detailed summary of the changes as soon as possible. Please direct any questions about the rule to CLPHA Senior Policy and Research Analyst, Todd Thomas.

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White House Convening on Rental Housing

The White House sponsored a day-long conference last week on the “next generation” of rental housing policy to reinforce the administration’s commitment to a more balanced national housing policy that addresses rental housing as well as homeownership.  The convening featured an all –star line-up of federal policy makers and housing experts.  HUD Secretary Shaun Donovan hailed the meeting as an historic event because of its focus on the essential role of rental housing, how to expand the supply and preserve the existing stock.  Sunia Zaterman, CLPHA Executive Director, attended the event.

Domestic Policy Council (DPC) Director Melody Barnes was the opening keynote speaker. She gave an overview of the significant gap between the demand for affordable housing and the supply, and discussed the portfolio’s importance in a number of policy areas. She emphasized the administration’s efforts to make sure all departments in the housing constellation were working together, pointing out the agencies represented on the White House rental policy advisory group: HUD, Agriculture, Treasury, the DPC and National Economic Council.

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Green Requirements Debated at HUD Meeting on Physical Needs Assessment

HUD hosted the third of four meetings last week to gather industry input on the design and implementation of the Physical Needs Assessment (PNA) requirements. The focus of this meeting was on the green supplement to the PNA. The meeting was well attended by housing authorities and industry representatives.

As CLPHA reported earlier this month, HUD is hosting these meetings to shape PNA reporting requirements to provide design and implementation flexibility while still providing HUD with a reliable and replicable estimate of national physical needs.  (Background information on the impetus for the PNA requirement and HUD’s current PNA tool design can be found here.) 

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New Study Questions Assumptions on Homeownership Effect on Children

A policy brief by the Center for Housing Policy summarizes three recent reports that test the hypothesis that homeownership directly leads to better educational, health, and behavioral outcomes for children.  

The report is part of a series of briefs prepared by the Center for the John D. and Catherine T. MacArthur Foundation.

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CLPHA Member News

  • Milwaukee on ABC News
  • Self Sufficiency Success in Charlotte
  • King County Finishes One Recovery Act Program and Starts Another
  • D.C. Wins Competitive Grant to Help People with Disabilities


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