Low-Income Housing Stories | Housing Affairs Letter

Housing Trust Gets First Cash Infusion

HUD is set to allocate nearly $174 million in an initial move to finance the new National Housing Trust Fund. HUD Secretary Julián Castro disclosed the move at the annual meeting of the National Low-Income Housing Coalition meeting in Washington, DC.

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Housing Trust Fund Functions Advance

Supporters of the National Housing Trust Fund NHTF), confident the long-dormant fund will be financed soon, are getting state agencies in gear to administer the millions of dollars anticipated to finance the construction and rehabilitation of affordable housing.

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Democrats Want Housing Trust Funded

Thirty-three Senate Democrats tell new Federal Housing Finance Agency Director Mel Watt to loosen the strings on Fannie Mae and Freddie Mac profits and apply them to affordable housing initiatives as required by law.

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Public-Private Groups Link For Housing

The first four formerly vacant houses redeveloped by Harmony Neighborhood Development and the Enterprise Louisiana Loan Fund in New Orleans have been completed. The renovations are the first underwritten by an $18 million fund that provides construction loans for new and renovated homes for low- and moderate-income families in

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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

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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.

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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

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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

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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).

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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).

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