Tag Archives: Affordable Housing

New tool shows how financing affordable housing without subsidies is almost impossible for developers to build homes that are affordable for low- or extremely low-income families.

In a hearing in the House Financial Services Subcommittee on Housing and Insurance, the subcommittee will assess affordable and rental housing programs 50 years after the creating of HUD.

Wells Fargo unveiled new corporate social responsibility goals that are intended to address global social, economic, and environmental challenges, including a multibillion-dollar mortgage pledge to minority and low-income communities.

Presidential candidates have been largely silent about housing policy during their campaigns, with the exception of Hillary Clinton. Now, Democratic presidential hopeful Bernie Sanders has laid out his own comprehensive plan to reform affordable housing.

The HUD Secretary told Congress on Tuesday that 85 percent of the Department's budget would go solely toward renewing rental assistance for nearly 5.5 million households.

According to a press release from the committee, this action will make $55.65 billion in funds available for consideration by the Senate, a $1.88 billion increase from FY2015 and $7 billion below the amount the President Obama requested. The legislation provides $37.56 billion for HUD specifically, an increase of nearly $2 billion above the FY2015 enacted level and $3 billion below the President’s request.

The Fed plans to fill the 15 seats on the CAC with a diverse group of experts who will represent consumer and community development organizations and interests, according to the announcement. Those organizations and interests will include affordable housing, community and economic development, small business, and asset and wealth building.

NeighborWorks America announced the appointment of a new president and CEO, naming a longtime leader in the housing and community development field to the role. Effective January 20, Paul Weech will take the reins at the organization, allowing Chuck Wehrwein, current acting president and CEO, to return to his position as COO.

A settlement has been reached in a housing discrimination lawsuit filed by the U.S. Department of Justice against the Louisiana State Bond Commission, the department announced recently.