Department of Housing and Urban Development News Briefs – December 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs announced $35 million to combat veteran homelessness Oct. 3. The funding will be provided through the HUD-Veterans Affairs Supportive Housing program to 212 public housing agencies across the country to provide a permanent home for more than 4,000 homeless veterans. The agencies also announced an additional $7.4 million through the Veterans Housing Rehabilitation and Modification Pilot program to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible.
HUD announced Oct. 15 an invitation to public housing agencies (PHAs) to join HUD’s expansion of the Moving to Work (MTW) demonstration program. There are 39 MTW PHAs throughout the United States. In 2015, Congress allowed HUD to expand the MTW to 100 additional PHAs over a seven-year period. This is the first round of expansion. HUD stated that interested agencies should consider the types of policies they would like to implement as part of the demonstration program.
Completion of the renovation of the historic A. Philip Randolph Houses in Harlem was celebrated Sept. 12. Built in the 1890s, the 36 buildings were historically preserved and converted into three buildings with 283 public and affordable apartments. The buildings now feature approximately 15,000 square feet of indoor and outdoor community space. Renovation was done over two phases. The first phase was completed in 2016 and consisted of the gut rehabilitation of 22 buildings. The second phase was consisted of a gut renovation of the remaining 14 buildings. Of the 282 apartments, 168 serve low-income families. All 114 apartments in the second phase serve very low- and low-income households. The total development cost of Randolph Houses was approximately $159 million. New York City Housing Development Corporation provided $80.5 million in tax-exempt bond construction financing, in addition to $4.7 million in capital. New York City Department of Housing Preservation and Development provided more than $11 million in city capital funding. New York City Housing Authority provided an additional $41 million in permanent financing. Across both phases, more than $44 million in low-income housing tax credit (LIHTC) and historic tax credit equity was provided for development.
The groundbreaking ceremony of Pathways at Goodrich Place was Sept. 19. The property in Austin, Texas, was redeveloped to include 120 mixed-income apartments. The one- to four-bedroom apartments will be available at 50 to 80 percent of the area median income. Amenities include a business center and on-site wellness programs. The Housing Authority of the City of Austin received $15 million in LIHTCs. The property was redeveloped as part of HUD’s Rental Assistance Demonstration (RAD) program.
The completed rehabilitation of Hornell Community Apartments in Hornell, N.Y., was celebrated Oct. 4. The $17 million rehabilitation was completed through HUD’s RAD program. The 147 scattered-site homes consist of three multifamily complexes, as well as nine scattered-site single-family homes. Rehabilitation work included updating select kitchens and bathrooms, paint, flooring and roof replacement, as needed. New York State Homes and Community Renewal allocated federal LIHTCs that generated $5 million in LIHTC equity and awarded $4.9 million in subsidy from the Public Housing Preservation program. The Federal Home Loan Bank of New York provided a grant.