Community Development Digest

Alabama

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Community Development from Coast to Coast

A roundup of community development-related news from around the nation.

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Times Columnist Questions U.S. Affordable Housing Policy

Thomas Edsall, a political columnist for the New York Times, argues that the affordable housing industry is largely responsible for the concentrated poverty characterizing the United States today.

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Firm Nails $20.8M Refinance Deal for Apartment Complex

The loan is structured using the Department of Housing & Urban Development’s (HUD) Section 223(a)(7) program.

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Birmingham Suburban Townhouse Project OK’d

A site plan calls for the development to eventually span 15 different buildings.

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'Rocket City' Hosts National Manufacturing Network Workshop

The initiatives are aimed at strengthening the U.S. innovation infrastructure to help manufacturers improve their processes and to create new jobs in communities across the county.

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Alabama to Spend $8 Million Assisting Tornado Victims

Owners of single-family homes in the 30 affected counties could receive up to $25,000 each to repair or rebuild their houses.

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Tuscaloosa Using CDBG Disaster Funds to Gain Tax Credits

Tuscaloosa, AL is set to use parts of $16.6 million in CDBG disaster funds in an effort to obtain low-income housing tax credits (LIHTCs) for residential development and revitalization in the aftermath of tornado-related destruction occurring 16 months ago.

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Alabama Must Spend NSP Money Before Seeking More

HUD inspectors want Alabama community development officials to ensure Neighborhood Stabilization Program (NSP) subgrantees spend $304,000 in program money already issued before they seek more from HUD.

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HUD Sends $400 Million in CDBG Funds to Disaster Areas

  HUD is issuing $400 million in Community Development Block Grant funding to areas hit hardest by disasters in 2011. The agency's move dashes the hopes of many who wanted the money placed in a funding-strapped CDBG formula program. The department made its announcement Jan. 20. But HUD Secret...

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(HOUSE) Aderholt Named Homeland Security Subcommittee Chair

Controlling spending, conducting oversight and getting the budget process underway will be the top priorities for Rep. Robert Aderholt (R-AL), the new chairman of the House Appropriations homeland security subcommittee.Aderholt will be the subcommittee's second Republican chairman. The first was cur...

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