Federal Housing Budget, Policies and Programs

 

Our communities rely on local and state programs that often include public money. Most programs use a range of revenue sources, but the federal government funds are critical. 

While we can – and should - debate the appropriate role of government in the housing market, the fact is that over the last 80+ years, since the Great Depression, federal policies have evolved to better match housing market supply and demand. This involvement is necessary because the unincentivized private market simply cannot produce and sustain an adequate supply of homes available for lower-income households.

Today federal housing and community development programs provide essential capital, subsidies and incentives so that providers and developers, both for-profit and not-for-profit, can afford to offer more affordable homes.

While they don’t often make the evening news, many of these private/public partnerships are proven to be effective. They amount to an industry. It is an important and under-recognized sector of the economy, which, like homebuilding, generates jobs, economic activity and demand for products manufactured throughout the Commonwealth, all of which stays local. In fact, the Econsult Corporation found that every $1 invested in multifamily rehabilitation generates $2.28 in new money.

Some of the federal housing programs that work to help our communities are:

  • Public Housing
  • CDBG formula grants                                   
  • HOME                                               
  • Housing counseling                                       
  • Section  202                                                   
  • Section 811
  • USDA Rural Housing programs

 

News for Federal Housing Budget, Policies and Programs

HHS awards $94 million to health centers to help treat the prescription opioid abuse and heroin epidemic in America

Health and Human Services (HHS) giving $94 million in Affordable Care Act funding to 271 health centers in 45 states, the District of Columbia, and Puerto Rico to improve and expand the delivery of substance abuse services in health centers.
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HUD awards $32 to promote jobs, self-sufficiency for public housing residents

This month HUD announced nearly $32 million in grants to public housing authorities and nonprofit organizations across the nation to hire or retain service coordinators to help residents achieve economic and housing independence
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First THUD Appropriations Hearing held, second hearing scheduled

On March 1, HUD Secretary Julián Castro testified on the agency’s FY17 budget request before the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD).
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Recording: March Legislative Briefing

March's call focused on energy efficiency programs for affordable rental homes and for low income homeowners

How a housing program can save Medicaid money

Helping poor people move from high- to low-poverty neighborhoods can improve their health and cut the government's costs.
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NLIHC estimates of NHTF allocations for 2016

Fannie Mae and Freddie Mac together will transfer $186.6 million to the Federal Treasury for the National Housing Trust Fund (NHTF)
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Wolf says PA will move forward on Clean Power Plan

The Wolf administration says it will continue with plans to comply with new federal mandates to reduce the state’s carbon emissions despite a decision by the U.S. Supreme Court
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2016 housing outlook: Federal boost, affordability problems persist

With several years of budget shortfalls and sequestration in the rearview mirror, and a presidential election and changing interest rate environment on the road ahead, the housing industry begins the year with reasons to be thankful and reasons to be concerned.
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HR 3700 passes House; Status of amendments

U.S. House of Representatives passed H.R. 3700, the Housing Opportunities Through Modernization Act. This legislation makes numerous common sense improvements to housing programs including public housing, housing choice vouchers, and project-based rental assistance.
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