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A Report on At-Risk Affordable Housing in Los Angeles by Public Counsel and the Coalition for Economic Survival

HOW MATURING SUBSIDIZED MORTGAGES THREATEN AFFORDABLE HOUSING IN LOS ANGELES

Los Angeles continues to face a shortage of housing that is affordable to low-income residents. Meanwhile, much of the City’s affordable housing is at risk of being lost in the next few years due to the maturity of HUD-subsidized mortgages. This report describes what’s at risk and why, and outlines some responses that are needed to keep this housing affordable.

Download the report here.

CSH Announces Social Innovation Fund Grantees

CSH announced the recipients of our Social Innovation Fund grants. The four teams of organizations will work with CSH to create solutions that link supportive housing and healthcare.
Together, we’ll build integrated models that improve the health of the vulnerable men and women who are caught in a revolving door of hospitals, emergency rooms, detox and other crisis health services—while also reducing costs to public systems.

MetLife Foundation and the LISC Community Police Partnerships Awards

MetLife Foundation Community-Police Partnership Awards Program


Announcing the 2012 MetLife Foundation Community-Police Partnership Awards


Three Hearings Scheduled on Housing Finance in the California Legislature

Three hearings are scheduled on Housing Finance in the California Legislature. Up first is the joint Senate hearing "Financing Affordable Housing and Local Economic Development: New Reality, New Opportunity," on February 22, 2012. Housing California Executive Director Shamus Roller will testify on panel with business, labor, and other housing leaders. Senate Transportation and Housing Committee and Senate Governance and Finance Committee are jointly sponsoring the hearing.

Two Pilot Programs Announced for Low Income Housing Tax Credit Projects

(from Memo to Members' of the NLIHC) Two pilot programs were announced that could affect projects assisted with Low Income Housing Tax Credits (LIHTC). One pilot is described in HUD Multifamily Housing Notice H 2012-1, the other is outlined in Internal Revenue Service Notice 2012-18.

City of Gardena Encouraging Affordable Homes Development

The City of Gardena is encouraging the development of affordable single and multifamily housing in accordance with its recently adopted Housing  Element.  There are no city cash subsidies that are available, but expedited City processing can be expected.

Linn Warren Appointed Director of CA HCD

Linn Warren, 59, of Davis, has been appointed director of the California Department of Housing and Community Development. Warren has been a program director at the California Housing Finance Agency since 2010, where he served in multiple positions from 2009 to 2010 and from 1995 to 2006. He was a program advisor at the Sacramento Housing and Redevelopment Agency from 2008 to 2009 and a special advisor at the San Jose Department of Housing in 2007. He was vice president at First Nationwide Bank from 1990 to 1995.

FHA Announces Pilot Program to Accelerate Financing of Low-Income Housing Tax Credit Projects

Four cities selected to test new streamlined process to cut approval time to just 90 - 120 days

WASHINGTON – The Federal Housing Administration (FHA) today unveiled a new pilot program to test an accelerated approval process for the purchase or refinancing of multi-family rental properties assisted through the Low-Income Housing Tax Credit (LIHTC) Program.

RFQs for the City of Moreno Valley's Neighborhood Stabilization Program 3 (" NSP 3")

On behalf of City of Moreno Valley and Dante Hall, Redevelopment and Neighborhood Programs Administrator, I would like to announce our open RFQs for the City of Moreno Valley's Neighborhood Stabilization Program 3 (" NSP 3"). 
 
Currently, the City of Moreno Valley is  in the process of procuring Development Partners to assist with the administration of  the NSP 3.  The NSP3 Program will consist of two major components:
 

Public Counsel Releases Housing Advocates' Guide For Transit Development

Southern California is in the midst of a radical transformation driven by smart growth ideals and an influx of projected investment into new and existing transit. The key question facing our communities is this: how can planning and development happen so that everyone benefits and nobody is left behind?

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