We have now posted our comprehensive overview of the FY 2012 budget proposal's treatment of public housing programs, including the Operating Fund, Capital Fund, and HOPE VI. The summary also examines the administration's proposals to offset $1 billion in Operating Fund reserves (more on that below) and recast the Transforming Rental Assistance initiative as a demonstration.
Later today we'll be issuing a comprehensive summary of the budget's treatment of public housing programs. On Wednesday we'll do the same for Section 8, and on Thursday we'll cover community development and affordable housing programs, including some proposed improvements to the Low Income Housing Tax Credit program.
The President's FY 2012 budget will be released today at 10:30 a.m. EST. HUD has scheduled a briefing for 2:00 p.m. EST. NAHRO staff will be on the scene, and you can view the webcast through the Department's website.
In an Op-Ed piece published in the New York Times over the weekend, White House Office of Management and Budget Director Jacob Lew provides a preview of President Obama's FY 2012 budget, which will be released on Monday, February 14.
On Monday, February 7, HUD will issue a proposed rule for the Capital Fund. This rule would take the place of the regulations at 24 CFR 905. The rule also proposes to replace and remove several other regulations that currently govern a PHA’s use of HUD assistance, specifically: 24 CFR part 941, entitled “Public Housing Development”; 24 CFR part 968, entitled “Public Housing Modernization”; and 24 CFR part 969, entitled “PHA-Owned Projects - Continued Operation as Low-Income Housing After C
HUD has advanced the second distribution of Operating Funds to PHAs. This distribution covers both February and March. As with the first distribution, HUD has adjusted 2010 eligibility to estimate 2011 eligibility. Unlike the initial distribution which assumed a 100% pro-ration relative to eligibility, the second one employs a 92% pro-ration. NAHRO’s coverage of the initial distribution, including the eligibility adjustment, can be found here.
Hours before President Obama delivered his State of the Union address on January 25, the House of Representatives approved a nonbinding resolution to roll back domestic discretionary funding for FY 2011 to FY 2008 levels. The resolution was approved by a vote of 256 in favor to 165 against, with 17 Democrats joining 239 Republicans in support of the measure. The resolution, if actually acted upon by the Congress when it finalizes the still-unresolved FY 2011 appropriations process, would require spending c
The January 31 edition of the NAHRO Monitor is now available online. Highlights include the latest information on proposed spending cuts for FY 2011 and beyond, and coverage of NAHRO's response to the Rental Housing Revitalization Act of 2010.
During last evening's State of the Union Address, President Obama raised the possibility of consolidating federal agencies and/or programs to reduce duplication of effort. As part of this discussion, the President made specific mention of housing policy: