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Department of Housing and Urban Development News Briefs - June 2010

On April 22, the Department of Housing and Urban Development (HUD) and Treasury Department published a notice seeking public input on establishing a more stable and sound housing finance system. As described in an announcement on April 14, HUD and Treasury invited public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac, and the overall role of the federal government in housing policy. The April 22 Federal Register notice lists seven questions on which HUD and the Treasury Department would like public input, and describes the process for submitting comments, which are due by July 21. A copy of the notice is available online at www.hudresourcecenter.com.

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HUD Secretary Shaun Donovan named Adolfo Carrión to serve as HUD's regional director for New York and New Jersey. Carrión is currently the deputy assistant to the president and director of the White House Office of Urban Affairs, where he has worked to improve coordination among government agencies. Carrión has experience with issues related to housing and community development, economic development and job creation from his term as a city councilmember and then Bronx Borough president before joining the White House staff in 2009. In his new role as regional director, Carrión will advise the secretary on intergovernmental relations and serve as HUD's liaison to officials, elected representatives, developers, stakeholders and customers. HUD's New York Regional Office serves one of the largest populations in the country and is responsible for investments of approximately $1 billion a year.

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The New York City Housing Authority (NYCHA) will receive nearly $24 million from HUD, allowing NYCHA to uphold Section 8 Housing Choice Vouchers for approximately 2,500 families. According to a HUD statement, the funding is part of $150 million that HUD set aside to help public housing agencies support existing vouchers. HUD says it received approximately 1,000 funding adjustment requests from agencies around the country. NYCHA is one of 600 agencies to receive the allocation adjustments, which were awarded to agencies that fell under four categories: agencies that experienced a significant increase in renewal costs of rental assistance resulting from unforeseen circumstances; agencies in areas where leasing rates for vouchers at the end of 2009 exceeded the average leasing for the 12-month period used to establish the allocation; agencies that had costs associated with Veterans Affairs Supportive Housing (VASH) vouchers; and agencies that did not lease vouchers during the federal fiscal year in order to meet a commitment for project-based voucher assistance.

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A senior housing development in Warwick, R.I. will receive energy-efficient upgrades through a $1.4 million award under HUD's Green Retrofit program for multifamily housing, created by the American Recovery and Reinvestment Act (Recovery Act). Retrofits will include the installation of high-efficiency boilers and refrigerators, low-flush toilets and a wind turbine, which is expected to generate 80 percent of the property's common area electricity. Residents at Shalom Apartments are expected to see a 50 percent reduction in their utility costs when renovations are complete. HUD's Green Retrofit program is authorized to provide $250 million nationally and grants are awarded on a rolling basis.

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New Mexico Sen. Jeff Bingaman announced that the city of Albuquerque and the state will receive more than $34.6 million in combined HUD grant funds. The state will benefit from $15.5 million for the Community Development Block Grant (CDBG) program, nearly $8.2 million for the HOME program, more than $700,000 for the Emergency Shelter Grant (ESG) program and nearly $300,000 for Housing Opportunities for Persons with AIDS. Albuquerque will receive nearly $4.8 million for the city's CDBG program, nearly $2.5 million for the HOME program, and more than $194,000 for the ESG program. Bingaman also announced that HUD awarded more than $2.6 million to the various New Mexico Pueblo Housing authorities through HUD's Indian Housing Block Grant program.

Journal Category:

Department of Housing and Urban Development

Authors:

Novogradac

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