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

2016 appropriations placed low priority on low-income programs; Better priorities needed for 2017

The 2016 appropriations legislation enacted in December included a number of beneficial funding increases, but programs that assist households with low or moderate incomes fared considerably worse than others, on balance.
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USDA Announces Interest Rates for SFH Direct Programs

The U.S. Department of Agriculture (USDA) has announced the interest rates for Single-Family Housing Direct Programs.
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HUD releases The Fair Housing Planning Process under the AFFH Rule webcast

This webcast, published January 11, 2016, provides an overview of affirmatively furthering fair housing (AFFH). 

Ideas Worth Stealing: How to recruit more landlords to work with Section 8 tenants

Housing authorities, non-profits, and advocacy groups have started various initiatives to increase the number of landlords who rent to tenants with Housing Choice vouchers.
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Pricing Carbon to clean air

A business group has released a report highlighting ways carbon pricing can be used to help meet the goals of the Clean Power Plan.
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ACTION Campaign applauds Congress for making permanent the minimum 9 percent Low-Income Housing Tax Credit rate

he ACTION Campaign applauds Congress for making permanent the minimum 9 percent Low-Income Housing Tax Credit (Housing Credit) rate in the Protecting Americans from Tax Hikes Act of 2015.
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Advocate: Federal tax credits help working families make ends meet

The political director of a national Latino advocacy group told about two dozen Lehigh Valley business and government leaders Friday that Congress must extend two federal tax credits to the working poor.
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States to use Medicaid money to house homeless people

Medicaid dollars, usually reserved for clinical services and medications, can be used to help chronically homeless people and others with long-term disabilities to find and maintain permanent housing.
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