HUD Announces $5 Billion to Increase Affordable Housing to Address Homelessness
Press Release, April 8, 2021, HUD
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced the allocation of nearly $5 billion in American Rescue Plan funds to help communities across the country create affordable housing and services for people experiencing or at risk of experiencing homelessness. Secretary Fudge made the announcement during a Zoom call with U.S. Senator Sherrod Brown (OH), Michigan Governor Gretchen Whitmer, and Birmingham, Alabama Mayor Randall Woodfin.
The supplemental funding is allocated through the HOME Investment Partnerships Program to 651 grantees, including states, insular areas, and local governments.
National Housing News
Member Update, April 5, 2021, Florida Housing Coalition
The U.S. Department of Housing and Urban Development (HUD) has released the 2021 Income Limits. The new limits are effective on April 1, 2021.
HUD “sets income limits that determine eligibility for assisted housing programs including:”
- Public Housing
- Section 8 project-based
- Section 8 Housing Choice Voucher
- Section 202 housing for the elderly
- Section 811 housing for persons with disabilities programs
The agency based the 2021 Income Limits on “Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, parts of some metropolitan areas, and each non-metropolitan county.”
New Apartment Construction Declined Nationwide between 2017 and 2019: 15,000 Fewer Rental Units Were Completed in 2019 Than in 2017
US Census Bureau, March 18, 2021, George Boyd
The number of rental apartments completed in the United States in 2019 remained statistically unchanged from the previous year but dropped by 15,000 from 2017.
We looked at the characteristics of newly constructed apartments spanning 2015 to 2019, including the number of units, percentage rented in the first three months after being completed, and the median rents — both nationally and by regions.
National Housing Trust Releases Affordable Housing Update
The National Housing Trust (NHT) recently released an update of affordable housing initiatives at the federal level, which includes:
The President signed an executive order asking the Centers for Disease Control and Prevention (CDC) to consider immediately extending the federal eviction moratorium until at least March 31 and calling on Congress to provide additional rental assistance as part of its coronavirus relief and economic recovery “rescue plan.” The CDC announced the following day that the moratorium, which was set to expire at the end of January, would be extended through the end of March.
The Departments of Veterans Affairs (VA), Agriculture, and Housing and Urban Development (HUD) were asked to consider extending foreclosure moratoriums for federally guaranteed mortgages and continuing applications for forbearance for federally guaranteed mortgages until at least March 31. The Federal Housing Administration and the US Department of Agriculture, Rural Development announced these extensions on January 21.
The Federal Housing Finance Agency (FHFA) was asked to consider extending its foreclosure moratorium further and continue forbearance applications for all loans guaranteed by Fannie Mae and Freddie Mac. On January 19, the FHFA extended the moratorium until February 28, 2021.
Another executive order signed by the President begins the work of embedding equity across federal policymaking and rooting out systemic racism and other barriers to opportunity from federal programs and institutions.
Amazon Pledges $2 Billion For Affordable Housing In Three Hub Cities
Forbes, January 6, 2021, Brenda Richardson
Amazon said Wednesday that it is launching a $2 billion housing equity fund to preserve and create over 20,000 affordable housing units in Washington state’s Puget Sound region; Arlington, Virginia; and Nashville—three areas where the company has or expects to have at least 5,000 employees each in the coming years.
The fund aims to preserve existing housing and create inclusive housing developments through below-market loans and grants to housing partners, traditional and non-traditional public agencies and minority-led organizations.
One-Month Eviction Moratorium, $25 Billion in Rental Aid in Covid Bill
Route-Fifty, December 21, 2020, Andrea Noble
Renters who have been unable to pay rent during the coronavirus pandemic will be protected from eviction for another month under the Covid-19 relief bill approved Monday by Congress.
The $900 billion deal agreed to by lawmakers after months of negotiations and stalemates extends the Trump administration’s previous eviction moratorium, which would have expired Dec. 31, until the end of January.
Housing shortage fuels rising cost of homes in America
CBS This Morning, September 25, 2020, CBS News
The median price of a townhouse, home or condo soared above $300,000 for the first time over the summer. The average property is selling in just 22 days, faster than ever.
That new demand has run into an old problem. Since 1960, home prices across the country have risen more than four times faster than income, and many experts say the cause is frustratingly simple: America has a housing shortage. Some 400,000 fewer homes came up for sale this summer, compared to last, according to data from the National Association of Realtors and the U.S. Census Bureau.
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The Eviction Ban Worked, But It’s Almost Over. Some Landlords Are Getting Ready.
ProPublica, July 25, 2020, by Jeff Ernsthausen and Ellis Simani
The CARES Act was largely successful in keeping millions of American renters from facing eviction during the pandemic. As protections fade, some landlords are gearing up to return to court.
Starting July 25, a key component of the federal eviction moratorium is set to expire, allowing landlords that operate federally backed rental properties to give their tenants 30 days’ notice to vacate. After that period, landlords can file for eviction.
Is America's Housing Ready for an Aging Population?
United States Census Bureau, June 22, 2020, Jonathan Vespa
It should come as no surprise that older Americans overwhelmingly want to stay in their home as they age. But are their homes ready for them to stay?
For millions of older Americans, home is where they raised a family, hosted holidays and told bedtime stories to their children and grandchildren. It is often their nest egg as well as an anchor to their community.
But older homes don’t always meet the needs of older Americans, according to a new report from the U.S. Census Bureau.
Feds Pump Millions Into Disability Housing As Part Of Coronavirus Relief
DisabilityScoop, June 9, 2020, Michelle Diament
Federal officials are funneling millions of dollars into new housing opportunities for people with disabilities across the nation.
The U.S. Department of Housing and Urban Development said it is making available nearly $77 million to support as many as 8,300 housing vouchers for this population.
The funding for what’s known as the Section 811 Mainstream Housing Choice Voucher Program was announced late last month and is part of the CARES Act, a large coronavirus relief package approved by Congress in March.Full article...
3D Printed Houses For The Homeless
Business Insider, March 11, 2020, by Mary Meisenzahl
Small Austin, Texas-based startup Icon is betting that 3D printing is the key to solving the US' homelessness crisis and lack of affordable housing.
Last year, nonprofit Community First put $18 million into a tiny home village in Austin to help the chronically homeless get off the street. The village had space for 180 residents, who live in 200-square-foot homes, pay about $300 in rent, and have job opportunities on site. Now, Icon is bringing its 3D printing technology into the village to hopefully speed up the process, while also making it cheaper. The first residents are set to move in this spring.More...