Low-Income Housing

Housing Trust Funding Major 2013 Push
   Low-income housing advocates are mobilizing to intensify their fight for seed money for the new National Housing Trust Fund, and elimination of much of the mortgage interest tax deduction is their central thrust for such financing. The effort likely will create battle lines between the housing lobby (homebuilders, lenders and Realtors) and the trust
posted 1/8/13 3:37 PM  read complete story

Advocates Up Housing Trust Fund Ante
   Supporters of a congressional appropriation for the authorized -- but dormant -- National Housing Trust Fund now ask $30 billion a year for 10 years to help ease the shortage of an estimated 5 million homes available to the lowest income renters. The request for seeding the fund has grown from $500 million a year to $30 billion inside six years.
posted 12/21/12 09:24 AM  read complete story

Low-Income Housing For Prime Property
   Marin Community Foundation seeks ideas from developers for a chunk of prime Marin County, CA land for low-income housing. The project emerged after filmmaker George Lucas, rebuffed by neighbors when he wanted to build a film-production studio on the site, decided to build low-income housing instead
posted 12/7/12 11:55 AM  read complete story

Poll Backs Mortgage Interest Deduction Change
   National Low Income Housing Coalition poll shows strong support for changing the mortgage interest deduction to target it to middle and low-income homeowners. The NLIHC says the annual savings to the federal government generated by such a move -- $20 billion to $40 billion -- could be redirected to the National Housing Trust Fund and
posted 10/19/12 12:02 PM  read complete story

Philadelphia Plans Low-Income Housing
   The Philadelphia Office of Housing and Community Development seeks proposals to build low- and moderate-income rental units using money from HUD's Community Development Block Grant and HOME Investment Partnerships Program and the city's Housing Trust Fund (HTF).
posted 8/24/12 11:29 AM  read complete story

Grants Offered For Low-Income Housing
   The public-private Corporation for National and Community Service (CNCS) offers $16 million in the first competitive grant funding competition for the Senior Corps' Retired and Senior Volunteer Program (RSVP).
posted 8/16/12 1:27 PM  read complete story

Proposals Sought For Low-Income Housing
   The Philadelphia Office of Housing and Community Development (OHCD) seeks proposals to build low- and moderate-income rental units using money from HUD's Community Development Block Grant (CDBG) and HOME Investment Partnerships Program and the city's
posted 8/16/12 1:21 PM  read complete story

Rental Tax Credit Pushed For Poor Families
   Taking a cue from recent deficit reduction studies, the Center on Budget & Policy Priorities (CBPP) recommends scrapping the mortgage interest and property tax deductions and use $5 billion a year from the increased federal revenue to subsidize rents for the nation’s poorest families.
posted 7/17/12 5:38 PM  read complete story

Sweetheart Low-Income Housing Contract
   HUD accuses former Detroit Mayor Kwame Kilpatrick (D) of greasing a path for his longtime fried Bobby Ferguson and his construction associates to land a city contract for a low-income housing project. The accusation by HUD Deputy Assistant Secretary Donald LaVoy surfaced in testimony
posted 5/18/12 09:58 AM  read complete story

Historic Tax Credits Boost Housing Units
   Historic building rehabilitation projects using federal historic preservation tax incentives result in $4 billion worth of rehab work that created 7,470 low- and moderate-income housing units in 2011, the National Park Service says.
posted 4/6/12 09:49 AM  read complete story