Feb. 13, 3:00-4:00 PM ET, #FullyFundHousing
Architect magazine ran an in-depth feature on the Chicago Housing Authority’s Fannie Emanuel Apartments, a 180-unit apartment building for low-income seniors that reopened in 2017 after a top-to-bottom renovation.
Citizens Bank’s Community Development Group announced that it has provided $26 million in construction financing to help with the second phase of the Boston Housing Authority’s (BHA) Orient Heights redevelopment project. Phase II of the project broke ground in November 2018.
Today, CLPHA Executive Director Sunia Zaterman was quoted in Affordable Housing Finance discussing how the shutdown threatens the stability of low-income households. Though HUD has prepared payments for housing vouchers and the public housing operating subsidy through February, Zaterman notes that the “existential threat” for voucher holders looms given the uncertainty of when the shutdown will end.
Now in its 18th day, the partial government shutdown, which includes the Department of Housing and Urban Development, is already having an impact on the low-income families served by public and affordable housing. The ongoing uncertainty imposes challenges for resource allocation and, if the shutdown drags on, the lack of HCV and Operating Fund payments will lead to housing instability for millions of families.
A coalition of more than 70 national organizations tell the Administration & Congress that people with the lowest incomes will be hit hardest if the shutdown continues.