Housing Affairs Letter

Community Development

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CRA Revision Steps Begin In Earnest

Ten years after the 1977 Community Reinvestment Act was accused of being part of the problem leading to the 2008 housing market collapse and the resulting financial crisis, the Office of he Comptroller of the Currency begins an effort to revise the law’s rules.

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Millions Ready for Rural Development

The Agriculture Dept.’s Rural Development office has been busy with grant competitions in the past few months, with applications for millions of dollars in FY 2018 funding available. The office supports economic development and essential services in rural areas, including housing,

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Infrastructure Could Include Housing

There are many questions yet to be answered surrounding the Trump administration’s ambitious $1.5 trillion infrastructure proposal, mainly focusing on how it will be financed. But one target is certain -- low-income housing likely will play a major role even though housing

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Opportunity Zones Housing Boon

A proposal that has been tossed around Congress for almost two years designed to fight poverty in poor neighborhoods is now law and the nation’s governors are poised to activate it. The law is viewed as a new source of low-income housing opportunities.

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Florida To Debate Sunset For CRAs

Following a series of financial abuses at Florida’s local Community Redevelopment Agencies, lawmakers will begin debating in 2018 the tighter regulation and eventual demise of the agencies.

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Tunnelizing The Nation’s Freeways

If a plan designed for the Urban Land Institute by the University of Minneapolis’s Metropolitan Design Center catches on, “freeway lids” will cover many of the nation’s freeways located in urban settings. Freeway lids are massive concrete platforms used as land bridges over freeway

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HUD Holds CDBG Money Hostage

A Treasury Department-Office of Management & Budget review of FY 2016 actual spending HUD is sitting on $1.3 billion of unspent money, largely Community Development Block Grant awards.

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HUD Awards To Four Housing Models

Four model housing developments in California, Illinois, Texas and Washington State receive the 2016 HUD Secretary’s Housing & Community Design Awards. Each of the developments is recognized for excellence in affordable or accessible housing design.

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Gentrification Effect On Neighborhoods

Gentrification has provoked considerable debate and controversy about its effects on neighborhoods and the people residing in them. A new study from The Federal Reserve Bank of Philadelphia draws on a unique, large-scale consumer credit database to examine the

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Firms Invest In Housing For Workers

Two major U.S. employers decide to invest in affordable housing ventures in Colorado and Minnesota that would benefit their workforces, leading the way for other such ventures and modeled on similar efforts in earlier times to provide workforce housing.

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