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As the September 30 deadline quickly approaches for when the U.S. Treasury Department must begin to recapture and reallocate funds from grantees unwilling or unable to spend down from the original Emergency Rental Assistance Program (known as ERA1), the New York City Housing Authority (NYCHA) is...
A recent poll commissioned by the Opportunity Starts at Home campaign, a bipartisan group led by the National Low Income Housing Coalition, the Center on Budget and Policy Priorities, and other steering committee partners, found that nearly 9 in 10 (89%) of ...
This week, HUD released new guidance on flat rent requirements for PHAs operating public housing programs. Notice PIH 2021-27, published on September 13, 2021, supersedes and replaces the previously published Notice PIH 2017-23 by clarifying HUD’s interpretation of the...
For those applicants located in presidentially declared disaster areas, HUD is extending the deadline for the FY21 Resident Opportunity and Self-Sufficiency (ROSS) Notice of Funding Opportunity (NOFO) to October 1, 2021. Published in July, the FY21...
On September 10, 2021, the House Financial Services Committee (HFSC) held a virtual hearing entitled “Protecting Renters During the Pandemic: Reviewing Reforms to Expedite Emergency Rental Assistance.” After months of criticism from policymakers and housing advocates, and in the wake of the...
Late yesterday, the House Financial Services Committee passed legislation to be included in the FY22 budget reconciliation bill that would invest $322 billion in affordable housing, including $80 billion for recapitalizing the public housing portfolio, a key CLPHA priority. The committee also...
With release of the legislative text and details of the spending proposals from the House Financial Services Committee on September 9, public housing is slated to receive the largest amount of funding authorized among housing programs in the expected budget reconciliation...
Distributing Emergency Rental Assistance (ERA) program funds and improving the administration of Emergency Housing Vouchers (EHV) are critical issues facing public housing authorities focused on eviction prevention efforts after the federal moratorium on evictions ended on August 26 with a 6-3...
The House and Senate face a jam-packed agenda upon their return from the August recess with President Biden’s biggest ticket items awaiting immediate action. The window to pass this transformative legislation will not remain open for long....
Fannie Mae and Freddie Mac’s Investment Cap for LIHTC Nearly Doubled to $1.7 Billion
Today, as a part of the Build Back Better agenda, the Biden administration announced major steps to increase and preserve the nation’s affordable housing stock by approximately 100,000 homes...