Public Housing

The following is an excerpt from February 15, 2009 HUD Press Release

WASHINGTON ““ The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today ““ only one week after President Obama signed the Act into law.

Please see the following summary of key provisions from the conference report of HR 1: The American Recovery and Reinvestment Act. The House of Representatives and Senate voted in favor of the measure and President Obama signed the measure into law Tuesday, Feb. 17.

NH&RA has made available individual PowerPoint presentations from the recent 2009 Annual Meeting & NMTC Symposium, March 11-15 in Key Largo, Florida.

NH&RA’s Council for Energy Friendly Affordable Housing is pleased to report that several key provisions from its ‘green’ legislative agenda have been incorporated in HR1: The American Recovery and Reinvestment Act of 2009. This includes substantial funding dedicated to retrofitting HUD assisted multifamily projects.

The US House of Representatives has passed HR 1, its $819 billion economic stimulus bill on a vote of 244-188. The House adopted several amendments prior to passing the measure that clarify how funds dedicated to transportation can be spent and strengthening whistleblower protections. The US Senate is scheduled to consider its measure, which is considerably different, in the next few days.

The conference committee has released a summary of appropriations provisions in HR 1: The American Recovery and Reinvestment Act. The measure provides $311 billion in appropriations. Highlights include:

The United State Senate has approved HR1: The American Recovery and Reinvestment Act of 2009 on a vote of 61-37. The Congressional Budget Office reports that the current version of the measure would cost $838 billion over ten years. Only three Republicans voted in favor of the measure. The package now heads to a House-Senate conference to resolve differences between the two versions. A compromise measure is expected towards the end of the week. A summary of the key housing and tax credit related provisions include…

The U.S. Department of Housing and Urban Development is requesting public comment on a proposed 60-day delay of the effective date of a final rule entitled, “˜”˜Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs.”

The U.S. Department of Housing and Urban Development (HUD) on January 26 published a final rule that amends the public housing operating fund regulations to reflect recent statutory changes regarding energy performance contracts for public housing properties.

The U.S. Department of Housing and Urban Development (HUD) recently announced a new streamlined process for providing funding through its various grant programs.