Recent News
The National Low-Income Housing Coalition and the Public and Affordable Housing Research Corporation today released a report that highlights the need for additional resources for affordable housing, saying nearly 300,000 affordable homes could be lost in the next five years.
Reps. Maxine Waters, D-Calif., and Katie Porter, D-Calif., introduced legislation to provide $1.2 billion in relief for U.S. Department of Housing and Urban Development (HUD) senior housing residents and providers during the COVID-19 pandemic.
As many as 1.4 million additional homes would be built or preserved by 2030 if the 50 percent test for bond-financed affordable housing properties were changed, according to an analysis commissioned by the National Council of State Housing Agencies and conducted by Novogradac–a change that could also help preserve properties affected by COVID-19-related financial strain.
House Democrats today unveiled a $3 trillion COVID-19 relief bill, their proposal for “Phase 4” of pandemic relief legislation. The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would provide nearly $1 trillion to state and local governments to avert layoffs and $200 billion in hazard pay for essential workers.
The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $1 billion in funding to states for COVID-19 relief through the Community Development Block Grant program. The funding is provided under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The allocation formula emphasizes states hardest hit by unemployment. Every state and insular area will receive a portion of the funds.
Recent Updates
May 28, 2020 10:38am
May 27, 2020 5:59pm
