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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.
For officials in community planning offices across the nation, itís becoming increasingly clearer that colleges and universities can be important factors, if not drivers, of their local economies. A prime example is Niagara University in Western New York where the university's estimated annual economic impact on the region is more than $227 million. The situation is similar at many universities around the country.
The county is challenging HUDís authority to deny or withhold grants while accusing the county of noncompliance with the terms of their 2009 fair housing settlement.
Eight New York towns and villages will no longer receive Community Development Block Grant awards because they are too affluent according to HUDís new definitions of affluence.
A quick roundup of development-related news from around the nation.
Officials in Amherst, NY reject a plan by a Cleveland, OH-based developer to buy and rehabilitate a low-income apartment complex in the Buffalo suburb with low-income housing tax credits.
So far this year, the city has closed deals to build or preserve 10,846 affordable units, a number officials expect to rise to 16,000 by the end of the year.
LIHTF awards up to $44.2 million a year in loans and grants. Most of the awards are outside of New York City.
New York City officials create a $350 million fund to support Mayor Bill de Blasioís (D) blueprint to create and preserve 200,000 units of affordable housing.