HUD

President Barack Obama recently announced his intent to nominate Carole J. Galante as HUD’s Assistant Secretary and Commissioner of the Federal Housing Administration (FHA). Galante previously served as Deputy Assistant Secretary for the Office of Multifamily Housing at HUD.

The Massachusetts Legislature recently gave initial approval to a supplemental budget bill, which includes provisions to raise the cap on State Low Income Housing Tax Credits (LIHTC) by $10 million in 2013 and $10 million in 2014.

HUD’s Department of Policy Research & Development has published three more Comprehensive Housing Market Analyses for State College, Pennsylvania; Victoria, Texas; and New Orleans, Louisiana.

HUD Secretary Shaun Donovan announced HUD will speed federal disaster assistance to the State of Maryland and provide support to homeowners and low-income renters who have been displaced or whose residences are uninhabitable as a result of Tropical Storm Lee.

HUD Secretary Shaun Donovan announced HUD will speed federal disaster assistance to the State of New Jersey and provide support to homeowners and low-income renters who have been displaced or whose residences are uninhabitable as a result of Tropical Storm Lee.

Committees in the House and Senate recently approved FY-2012 funding bills that would make deep cuts in the budget for HUD programs. And while both houses have expressed a firm commitment to preserving federal rental assistance for the low-income families, neither funding bill achieves this goal, according to a new report released by the Center on Budget & Policy Priorities (CBPP).

HUD’s Office of Policy Development & Research is in the process of formulating it’s research agenda for the next 5-10 years and is soliciting input from the public.

U.S. Housing and Urban Development recently contracted with Abt Associates Inc. and released a two-part study examining the housing recovery efforts in the Gulf Coast after Hurricanes Katrina and Rita.

HUD’s Economic and Market Analysis Division recently released its Comprehensive Housing Market Analysis report for the Las Cruces, New Mexico market area.

The White House’s Rental Policy Working Group recently released realignment requirements for several critical administrative policy areas in order to better align Federal rental policy. As one of the first initiatives to be tested, the Michigan State Housing Development Authority (MSHDA) has been selected as the nation’s first housing authority to implement federal subsidy layering review realignment.

The Center for Budget and Policy Priorities (CBPP) recently released a report detailing the usage of Housing Choice Vouchers (HCV). The report finds that in 2010, 2,083,187 families in the United States used HCVs yet only 91 percent of the National authorized vouchers were utilized…

In February 2011, the Hawaii State Legislature passed S.B. No. 1240 which created a mechanism to provide alternative financing assistance to incentivize the use of the State’s low-income housing tax credit program.