A broad coalition of affordable housing organizations - including CLPHA - is calling on Congress to authorize the Rental Assistance Demonstration (RAD) -- a legislative proposal providing new tools to preserve affordable housing properties that are at risk due to a lack of federal funds.
RAD would test a new approach
to preserving public housing properties by leveraging private investment with
Section 8 subsidies to address current repair and redevelopment needs and
permit future recapitalization of the properties. According to a recent HUD study, the nation’s
public housing stock has more than $26 billion of unmet capital needs. Given
federal budget constraints, congressional appropriations will not be sufficient
to address these needs, resulting in the loss of this scarce affordable housing
resource at an accelerated pace.
As the Senate Appropriations Committee prepares to mark up an appropriations bill to fund the Department of Housing and Urban Development (HUD) for FY2012, the Council of Large Public Housing Authorities (CLPHA) urges you to provide appropriate funding for public housing related programs including the Public Housing Operating Fund and the Public Housing Capital Fund, and for Section 8 and Housing Choice Vouchers, to meet the continuing affordable housing needs affecting millions of our nation’s households.Read More >
In a lengthy legislative markup, ending just minutes before
President Obama’s September 8th speech to Congress on the jobs bill,
the House Appropriations Subcommittee approved the fiscal year 2012
appropriations bill that provides annual funding for the Department of
Transportation, the Department of Housing and Urban Development (HUD) and
According to the subcommittee, “the bill includes $55.15 billion in discretionary spending – a reduction of $19.8 billion below the President’s request and $217 million below last year’s level. The funding level in this bill reflects the overall fiscal year 2012 discretionary spending total of $1.043 trillion to which the House, Senate, and White House agreed in the recent debt ceiling legislation”.
CLPHA's comments focus on ensuring that the disposition of REO assets effectively incorporates the expertise of PHAs and supports their efforts to improve neighborhoods. Housing authorities across the country have demonstrated capacity in owning and managing a significant portfolio of affordable rental housing. They have also served a multitude of roles including owner, developer, property manager and asset manager in neighborhood revitalization and stabilization through the HOPE VI program and other local innovative initiatives. We believe that PHAs, with their extensive experience in providing affordable housing in local contexts, are uniquely positioned to facilitate the stabilization of neighborhoods and are well qualified to support these assets as affordable properties. Our more specific comments are as follows:Read More >