Change Sought In Proposed HOME Rule
The Council of State
Community Development Agencies wants HUD to change its proposed HOME Investment
Partnership Program plan to require Community Housing Development Organizations
to have paid employee staff with experience rather than using consultants.
HUD proposed this
and other reforms to HOME in December. The agency is concerned that CHDOs have
relied too much on consultants for development experience, while not improving
their own internal capacity to function as developers.
COSCDA officials, in
comments submitted to HUD, say the proposed requirement would leave CHDOs
unable to meet the demonstrated capacity requirements. The provision, COSCDA
says, would end participation of many CHDOs in the HOME program. COSCDA wants
HUD to instead allow CHDOs to remain in the program if they can demonstrate
they have plans to develop staff capacity, or have financial reasons for not
carrying paid development staff.
COSCDA contends that
allowing CHDOs to use consultants provides them with flexibility and especially
helps CHDOs located in rural communities.
issue in COSCDA's comments centers on HUD's proposal to convert to rental
projects any homebuyer units not sold six months after being rehabilitated or
built. COSCDA officials tell us that they want the conversion deadline to be 12 months
with provisions for extension requests.--Thomas Harman
Login to read the full story or Subscribe now!
Other Recent Stories
If Congress embraces the framework of President Donald Trump’s federal spending guidelines for FY 2018, the move would effectively restrain HUD’s new Fair Housing Act enforcement program and accelerate implementation of the Rental Assistance Demonstration program.
If President Donald Trump insists on providing money in the FY 2017 spending bill to build a wall along the U.S. southern border, Senate Minority Leader Charles Schumer ((D-NY) suggests there could be a government shutdown in May.
A new report in the HUD inspector general’s continuing stream of criticism of department mismanagement says HUD is unable to keep an eye on an FHA $16 billion insurance program covering borrower-financed downpayment assistance programs.
With the National Flood Insurance Program expiring Sept. 30, lawmakers brace for a long fight to renew the law. Lawmakers insist on participation by private insurers to fill an insurance gap created by insurer refusal to write policies unless they have high premiums to cover the risk.
Housing economists say there is little worry the latest hike in the nation’s benchmark interest rate will have a significant fallout on average mortgage rates for the time being.
An upbeat jobs report and the prospect of an increase in the nation’s benchmark interest rate sends mortgage interest rates up again, signaling the days of record low rates below the 4% mark are likely history. The Freddie Mac Primary Mortgage Market Survey for the week ending
Roiled over the Trump administration’s signal it wants to cut $6 billion from the HUD budget, advocacy groups link to create “CarsonWatch.” The new umbrella group for the Poverty & Race Research Action Council, Public Advocates, Lawyers’ Committee for Civil Rights Under Law,
The Pacific Legal Foundation challenges Seattle’s new mandate forcing landlords to rent to the first qualified person who applies for a unit. PLC lawyers contend that denying owners the freedom to choose among qualified applicants and to exercise nondiscriminatory discretion
When former HUD Secretary Julian Castro departed Jan. 20, he left his predecessor HUD Secretary Ben Carson with an almost insurmountable financial mess – how to properly account for the billions of dollars the agency gets from Congress to administer its programs.
A draft budget report shows HUD could be in for a $6 billion budget cut for FY 2018, a drastic one-year dip into the department’s spending HAL first reported to you in January but likely not the end-all spending blueprint.