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Department of Housing and Urban Development News Briefs - November 2016

The National Low Income Housing Coalition (NLIHC) released the report, “Housing Spotlight: The Long Wait for a Home,” in mid-October. NLIHC surveyed 320 public housing agencies in the fall of 2015 and winter of 2016 about the status, size, waiting times and household composition of their waiting lists for housing choice vouchers (HCV). NLIHC found that 53 percent of HCV waiting lists were closed to new applicants for housing assistance and 65 percent of HCV waiting lists closed to the general public had been closed for at least one year. The average HCV waiting list had a wait time of 1.5 years, and 25 percent of HCV waiting lists had a wait time of three years or longer. NLICH stated that closed waiting lists and long waits for housing assistance make it clear that housing resources for the nation’s lowest-income renters must be expanded. It advocates support for affordable housing legislation. The report is available at www.hudresourcecenter.com.

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The U.S. Department of Housing and Urban Development (HUD) published a notice Sept. 27 in the Federal Register seeking 30 days of addition time to request comments on documents for its Rental Assistance Demonstration (RAD) program. In March, HUD sought comments on RAD closing documents. The September notice includes comments HUD received during that initial 60-day period, describes the changes made and seeks additional comments, which were due Oct. 28. The notice is available at www.hudresourcecenter.com.

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HUD published a notice Sept. 27 in the Federal Register requesting comments on its Affirmatively Furthering Fair Housing State and Insular Area Assessment Tool. The tool will be used by states, including for collaborations where the state is the lead entity and is joined by local governments and public housing agencies. It will also be used by local governments and PHAs when they collaborate with a state agency that is acting as the lead entity for a joint assessment of fair housing. Comments are sought on the tool, the instructions and the descriptions of the contributing factors contained in its appendix. Comments are due Oct. 28. HUD plans a second 30-day comment period to seek comment on an updated version of the tool. The notice is available at www.taxcredithousing.com.

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HUD announced $13 million in disaster assistance Sept. 22 for Baton Rouge, La., and Lafayette, La. The announcement was made in the wake of major flooding in August. The Declared Disaster Recovery Fund will provide $11 million to Baton Rouge/East Baton Rouge Parish and $1.9 million Lafayette/Lafayette Parish. Funding is provided through a special recovery fund established under the HUD’s Community Development Block Grant (CDBG) program. The announcement was made by Harriet Tregoning, HUD principal deputy assistant secretary, following a meeting with members of the Restore Louisiana Task Force. 

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Love Funding announced Sept. 8 the closing of $10.2 million in loans to refinance two apartment communities in North Carolina, the Bluffs at Northwoods and Cannon Place Apartments. The Bluffs at Northwoods is a 176-apartment, market-rate development in Gastonia. There are 42 one- and 134 two-bedroom apartments in 16 two- and three-story buildings. Cannon Place Apartments in Graham is a 74-apartment affordable property with 50 two- and 24 three-bedroom apartments in nine, two-story buildings. Financing for both properties was secured through HUD’s 223(f) loan insurance program, which insures mortgage loans to facilitate the purchase or refinancing of existing multifamily rental housing. 

Journal Category:

Department of Housing and Urban Development

Authors:

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