HUD

HUD released an evaluation of its Rental Assistance Demonstration (RAD), which finds significant evidence that RAD is stimulating billions of dollars in capital investment, improving living conditions for low-income residents and enhancing the financial health of these critical affordable housing resources. The report says that the 956 RAD conversions studied leveraged $9.66 for every dollar provided through HUD’s public housing programs, that all rehabilitation projects covered their rehabilitation needs, that there is an 87 percent post-conversion decrease in unscheduled capital needs for completed RAD properties and that tenants were pleased with the improvement.

The House Committee on Appropriations’ Subcommittee on Transportation, Housing and Urban Development, and Related Agencies will hold an oversight hearing on HUD’s Community Development Block Grant-Disaster Recovery (CDBG-DR) program on October 17 at 2 pm EDT. The hearing will feature HUD’s Irv Dennis, chief financial officer, Jeremy Kirkland, counsel to the inspector general, and David […]

Kentucky NOFA For Tax-Exempt Bonds with Gap Financing
Kentucky Housing Corporation (KHC) released the 2020 Notice of Funding Availability (NOFA) for Tax-Exempt Bonds with Gap Financing. A combined total of $5.7 million of HOME Investment Partnerships Program (HOME), Affordable Housing Trust Fund (AHTF), and National Housing Trust Fund (NHTF) funds is available.

HUD released a Revised Rental Assistance Demonstration (RAD) Notice, with comments due on November 12. The notice announces the posting of the fourth revision to the RAD notice and solicits public comment on the removed restrictions on certain HOPE VI properties that are under ten years old and the elimination of the selection of applications […]

HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection for its Opportunity Zone Grant Certification Form. Comments are due by December 9. The form will be used to provide preference points for certain competitive federal grants.

Former Representative Beto O’Rourke (D-TX) released his presidential housing plan, which calls for creating 3 million new homes through the National Housing Trust Fund; creating 3 million new homes through a $60 billion investment in the Capital Magnet Fund and investing $50 billion to rehab public housing; fully fund Housing Choice Vouchers. If elected president, […]

In a new Issue Brief Vincent Reina, PhD with the University of Pennsylvania argues for a national housing policy in the face of unprecedented housing challenges. This Issue Brief lays out several policy prescriptions for improving housing affordability and fairness, both for renters and owners: modifying the federal Housing Choice Voucher program, as well as […]

New research from Raj Chetty, Nathaniel Hendren and Lawrence Katz examines the effect of the Moving to Opportunity (MTO) experiment on children’s long-term outcomes. Their estimates imply that moving a child out of public housing to a low-poverty area when young (at age eight on average) using a subsidized voucher like the MTO experimental voucher […]

President Trump officially nominated Brian Montgomery to be deputy secretary of HUD. Montgomery has served as acting deputy secretary since the former Deputy Secretary, Pamela Patenaude, left in January of this year. Montgomery has also been serving as assistant secretary for Housing and Commissioner of the Federal Housing Administration.

Last week HUD submitted its report on Community Development Block Grant (CDBG) Partnership Challenges and Opportunities at the Local, State, and Federal Level to the House and Senate Appropriations committees. The report identifies the following challenges and opportunities to building partnerships with local organizations.

HUD designated Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for 2020. DDAs are areas with high land, construction and utility costs relative to the area median income and are based on Fair Market Rents, income limits, the 2010 census counts, and five-year American Community Survey (ACS) data. QCTs are areas where either 50 […]

Last week the House passed a continuing resolution (CR) that would fund the government through November 21, 2019, averting a government shutdown as Fiscal Year (FY) 2019 comes to a close. The measure (H.R. 4378) passed the House with a veto-proof majority vote of 301-123. The Senate is expected to pass the measure and the President is expected to sign the bill before the end of the fiscal year.