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2005 Hurricanes - Industry Efforts and Information

The National Council of State Housing Agencies (NCSHA) sent a letter Aug. 28, 2006 urging Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy and Regulatory Affairs, to extend for 12 months the waiver authority Treasury and IRS granted to state Low Income Housing Tax Credit (Housing Credit) allocating agencies in IRS Notices 2005-69 and 2006-11 to provide housing for families displaced due to Hurricanes Katrina and Rita.

The Center on Budget and Policy Priorities (CBPP) published a report, "Changes Needed in Katrina Transitional Housing Plan to Meet All Families' Needs," that addresses gaps in the housing assistance coverage currently being provided by FEMA and HUD to Hurricane Katrina victims.

The Enterprise Foundation, National Alliance to End Homelessness, National Center on Homelessness and Poverty and National Low Income Housing Coalition will host weekly calls every Friday at 2 p.m. (EDT) to focus on key Katrina recovery issues.

The Affordable Housing Tax Credit Coalition (AHTCC) prepared and released a list of proposed adjustments to the low-income housing tax credit (LIHTC) and multifamily bond programs to help meet the long-term housing needs resulting from Hurricane Katrina.
AHTCC Comments to the Senate Finance Committee on the LIHTC and the Hurricane Katrina Relief Effort
AHTCC Letter to the Southern Governors' Association regarding Hurricane Katrina Relief Through the LIHTC Program

The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners (formerly Enterprise Foundation) suggested some changes in law that could better enable the low-income housing tax credit (LIHTC) to be a resource to help the affected areas rebuild. LISC and the Enterprise Foundation also announced a joint effort called the Community Recovery Fund that will operate through local community-based development organizations focused on revitalization of their neighborhoods.

The National Trust for Historic Preservation (NTHP) announced launched a major campaign to help ensure the preservation of historic buildings, neighborhoods and communities in the Gulf Coast region ravaged by Hurricane Katrina. The campaign includes a request to the Treasury Department for relief for taxpayers owning Rehabilitation Tax Credit (RTC) projects affected by the Hurricane Katrina disaster and also suggesting several steps to enable the RTC to function more efficiently as a tool for redevelopment in the affected region. The letter features a detailed description of the suggested changes, as prepared by Nixon Peabody LLP, as well as a draft notice implementing the proposals. In addition, NTHP President Richard Moe sent a letter to federal, state, and local officials in the Gulf Coast Region urging preservation of affected historic areas. NTHP also created a blog for news, resources and personal accounts of Hurricane Katrina's impact on the Gulf Coast region.

The Council for Affordable Rural Housing (CARH) announced that at its fall board of directors meeting, the hurricane and its consequences were featured prominently. The CARH board was addressed by Russ Davis, RHS Administrator, on Wednesday, September 7, regarding the agency’s response to Hurricane Katrina. On Thursday, September 8, two CARH directors testified at an informal roundtable hosted by Representative Bob Ney (R-Ohio) concerning rural housing in the wake of the hurricane.

National Multi Housing Council has posted several developing news items and related information.

The National Association of Home Builders (NAHB) released a Study On the Impact Of Katrina.

The National Low Income Housing Council (NLIHC) created a web page that compiles its articles, letters and press releases regarding housing policy responses to Hurricane Katrina. NLIHC also posted Research Note #05-02: Hurricane Katrina's Impact on Low Income Housing Units.

The Housing Assistance Council's (HAC) Hurricane Katrina Relief Resources web page includes relevant information with an emphasis on rural housing.

The National Association of Housing and Redevelopment Officials (NAHRO) posted a Katrina victim assistance web page with details about its action plan, information on making cash donations and more.

The National Affordable Housing Management Association (NAHMA) posted a list of relevant resources.

The Council of Large Public Housing Authorities (CLPHA) added a resource page to its web site about Hurricane Relief Information for Public Housing Authorities. CLPHA also posted a statement detailing what public housing authorities need now to house displaced public housing residents and vouchers holders, and people not previously in the system who now find themselves in need of help.

David Smith of the Affordable Housing Institute and Recap Advisors discusses likely changes in the rebuilding of New Orleans and related topics in his affordable housing blog.

The U.S. Conference of Mayors circulated a housing stock survey at HUD's request.

The Mortgage Bankers Association of America (MBA) created a Lender Resource Center with Hurricane Katrina related information. MBA also posted information regarding disaster recovery.

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