From The Virgin Islands Consortium:
The Virgin Islands Housing Authority’s (V.I.H.A.) Board of Commissioners held its regular monthly meeting on St. Thomas and via conference on St. Croix Wednesday. Two major resolutions presented for approval involved entering agreements to begin development of public housing units into affordable mixed finance, project-based voucher, or rental assistance demonstration rental units on both St. Croix and St. Thomas.
Part two of Affordable Housing Finance’s special report “Turning Point for Public Housing,” explores tools such as the Rental Assistance Demonstration (RAD) program and Low-Income Housing Tax Credits (LIHTC) that public housing authorities can use to recapitalize and redevelop properties for their residents and communities.
A new study conducted by the Columbia University Mailman School of Public Health examined residents’ experiences and perspectives after a Rental Assistance Demonstration conversion. The researchers, who conducted 30 in-depth interviews with residents across three RAD sites, published their findings in an article for Housing Policy Debate, “The ‘Projects’ Are Nice Now”: Resident Perspectives on the Rental Assistance Demonstration (RAD) Program.“
In Affordable Housing Finance's article "Turning Point for Public Housing," CLPHA' Executive Director Sunia Zaterman says of the massive capital needs backlog facing public housing authorities that “[t]he handwriting has been on the wall. The funding levels were not sustainable."
From the City of Fort Worth, TX's website:
Fort Worth Housing Solutions will open Campus Apartments, its newest affordable housing community, near Tarrant County College-South Campus in late March.
The 224-unit community features 10 market-rate units and 214 units for households earning less than 60 percent of the area’s median income. Fifteen of the affordable units will be new homes for families relocating from Butler Place Apartments under HUD’s Rental Assistance Demonstration program.
From Multi-Housing News:
MassHousing has closed on $38.7 million in affordable housing financing to non-profit Inquilinos Boricuas En Accion Inc. (IBA). In partnership with the Boston Housing Authority, the organization intends to use the capital for the rehabilitation and preservation of West Newton Apartments, a 146-unit public housing community in Boston’s South End. Contractor Bilt-Rite Construction, Davis Square Architects and Management Agent Maloney Properties are also part of the redevelopment project.
146 Boston Housing Authority (BHA) public housing units will remain affordable for at least the next 99 years thanks to a $47.2 million project in partnership with nonprofit community development organization Inquilinos Boricuas en Acción (IBA).
CLPHA’s Membership Spotlight features the outstanding work and achievements of our member public housing authorities - the nation’s largest and most innovative PHAs. Based on interviews with PHA executives, these brief profiles spotlight our members’ initiatives to strengthen their communities and improve life outcomes for their residents.
