Housing Affairs Letter

Kentucky

(HOMEBUYING LEGISLATION) Homebuyer Bills Succeed In Two States

New York State lawmakers send a measure to Gov. Andrew Cuomo (D) allowing municipalities to continue the tax exemption for first-time homebuyers of newly constructed homes. Kentucky Gov. Steve Beshear

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(CHINESE DRYWALL) New Treatment for Chinese Drywall

A Nevada-based firm introduces a new treatment to repair buildings constructed with tainted Chinese drywall. The company's coating system, called AbShield, is a water-based coating specifically formulated to address drywall off-gassing and related odors.

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(AFFORDABLE HOUSING) Cheap Housing In Short Supply

A report by the Metropolitan Housing Coalition in Louisville, KY shows the economy is partly to blame for a shortage of affordable housing in the city's metro region, both rental and privately owned

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(HOUSING TRUST) Trust Fund Staffing Carte Blanche

Louisville, KY Metro Council members expand the city's Affordable Housing Trust Fund rules to allow unlimited spending on staff and other overhead costs, a move critics contend only will create a top-

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(STATE& LOCAL) Affordable Housing Money Sits Idle

A year after Louisville, KY, officials created an Affordable Housing Trust Fund and committed $1 million from the city budget to finance it, the effort is in limbo because there is no board in place to

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Louisville Flush With Cash

At the same time Louisville officials mull an FY 2008-2009 $812 million budget which they call tight, the city has more than $19.5 million of Community Development Block Grant awards

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Louisville Gets Housing Trust Fund

An affordable housing trust fund is created by the Louisville Metro Council on a 25-1 vote. The new ordinance sets up a board to raise money and decide how it is spent. Taxpayers will kick in the initial $1 million. The board will be challenged to find funding sources to

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Section 202 Housing for Elderly

HUD is making grant funding available for its Section 202 Supportive Housing for the Elderly Program. The deadline for applications is July 10, 2008. The award ceiling is $431.706 million.

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Bush Signs Stimulus Package

President Bush on Wednesday (Feb. 13) signed the two-year, $168 billion rescue package passed by Congress last week.

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