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Proposed HOME Regulations Offer Significant Changes to Current Rule

(from Memo to Members of the NLIHC) The long-awaited proposed changes to the HOME program regulations were published in the Federal Register on December 16. Select features of the proposed rule are highlighted here, with an emphasis on multifamily housing and community housing development organizations (CHDOs). Comments on the proposed regulations are due February 14, 2012.

Troubled HOME-Assisted Rental Projects

Senate Banking Committee Approves HUD Nominations

(from Memo to Members' of the NLIHC) The Senate Committee on Banking, Housing and Urban Affairs voted two nominees for HUD leadership roles out of committee on December 13. Maurice Jones, the nominee for Deputy Secretary, was approved unanimously.

House Financial Services Committee Leadership Transition


(from Memo to Members of the NLIHC) Congressman Barney Frank (D-MA), Ranking Member of the House Financial Services Committee, announced that he will retire from Congress at the end of his current term and not seek reelection in 2012. It will be a very different Congress without Mr. Frank, who has been a stalwart champion for addressing the housing needs of low income people since he came to Congress in 1980.

New Report Measures National Progress Towards Combating Poverty


A new report from the Half in Ten campaign examines poverty trends in the wake of the recession. The report establishes a set of indicators to measure progress towards combating economic inequality across three categories: creating good jobs, strengthening communities, and building economic security. The availability of affordable housing is highlighted as a key indicator of economic security in the United States.

Brookings Institution Report: The Suburbanization of Housing Choice Voucher Recipients


We Need Your Help: Call for Resident Stories to SAVE HUD Programs


SCANPH Featured Resident Story: Brigette and Eswin (link)

Revising the Community Reinvestment Act (CRA) Hearing Scheduled

CRA Bill To Be Introduced

(from the National Community Reinvestment Coalition) The National Community Reinvestment Coalition is confirming that a hearing on "Revising the Community Reinvestment Act (CRA)" has been scheduled in the House Financial Services Committee on Tuesday, September 21st at 2:00 pm.

In addition, in a meeting with John Taylor, Joe Kriesberg, Lou Finfer, and Tom Callahan late yesterday, Chairman Barney Frank confirmed that a CRA bill would be introduced shortly.

Housing Advocates Concerned on Newly Released Draft Voucher Bill

For rent

Office of Housing Assistance Contract Administration Oversight Requires DUNS Numbers

The Office of Housing Assistance Contract Administration Oversight will continue to track DUNS numbers & CCR registration certifications received in response to Notice H 2011-01, Notice Requiring Owners with Project-Based Rental Assistance Contracts or Section 202 or 811 Project Rental Assistance Contracts to Obtain Dun and Bradstreet Numbering System (DUNS) Numbers and to Register in the Central Contractor Registration (CCR).

LIHTC Legislation Introduced

Tax Credits
(from Affordable Rental Housing A.C.T.I.O.N., A Call To Invest in Our Neighborhoods) On December 14, legislation to enact the A.C.T.I.O.N. proposals (S. 1989 and H.R. 3661) was introduced by Senate Finance Committee members Maria Cantwell (D-WA) and Olympia Snowe (R-ME) and House Ways & Means Committee members Pat Tiberi (R-OH-12th) and Richard Neal (D-MA-2nd) with broad bipartisan support.

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