Story of the Week    Stories 1 to 25 of 44  (click headline for the complete story)

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1:   (RULES) NSP-1 Recipients Missing Deadlines Could Get Extensions to Use Funding : First-round Neighborhood Stabilization Program (NSP-1) recipients who fail to meet funding obligation deadlines could still have a shot at continuing their programs pending a HUD review. HUD initially estimated in May that as much as 25% of the $3.9... 09/02/2010 4:30 PM

2:   (NOFAs) HOPE VI, Choice Neighborhood Grant Competitions Underway : Competition is underway for $134 million in 2010 HOPE VI revitalization program grants and the department's initial $65 million offering through the Choice Neighborhoods Program. HUD officials making the announcement on Aug. 25 set Nov. 22 as the de... 08/25/2010 11:38 PM

3:   (HUD) House Clears Budget Bill Restoring HOPE VI, Housing for Elderly, Disabled : The House passes a HUD budget bill for 2011 containing nearly $4 billion in Community Development Block Grant formula funds, restoring funding to programs such as HOPE VI and housing for the elderly and disabled, while eliminating new HUD efforts suc... 07/30/2010 07:59 AM

4:   (CONGRESS) Rental Assistance Reform Nixed; Elderly, Disabled Housing, Vet Vouchers Saved : House and Senate appropriators clear budget proposals that provide no funds for the administration's attempt to reform HUD's rental assistance programs, while restoring planned HUD cuts to elderly and disabled housing and saving veterans' supportive ... 07/23/2010 10:43 AM

5:   (SENATE) Financial Reform Bill Passes with NSP-3 Funds : The Senate on July 15 sends to President Obama's desk the Wall Street reform legislation (HR 4173) that contains $1 billion for a third Neighborhood Stabilization Program (NSP-3). The final Senate passage by a 60-39 vote marks the end of nearly two ... 07/15/2010 3:01 PM

6:   (BUDGET) Panel Wipes Out 2011 Choice Neighborhoods, Transformation Initiative Funds : A House subcommittee moves the 2011 HUD and Transportation budgets to the full Appropriations Committee, legislation that restores HOPE VI funding at the expense of a proposed expanded version of the program, and rejects funding for the Transforming ... 07/08/2010 4:11 PM

7:   (INCENTIVES) Treasury Seeks Expansion of CRA Credits for Financial Institutions; NSP Areas Targeted : Treasury Dept. officials are proposing expansion of Community Reinvestment Act (CRA) credit for financial institutions by providing incentives for investment in Neighborhood Stabilization Program (NSP) target areas, and in certain NSP middle-income a... 06/24/2010 11:55 PM

8:   (GROUPS) Mayors Back Hikes for CDBG, HOME; Seeks NSP-3 Program : The U.S. Council of Mayors (USCM) approves resolutions backing increases in federal funding requested for the Community Development Block Grant and HOME Investment Partnership Program formulas in 2011 and calls for a third round of Neighborhood Stabi... 06/18/2010 4:48 PM

9:   (FUNDING) HUD to Issue 2010 Competitive Grant NOFAs from June-October : Those seeking money from HUD competitive programs should expect to see separate funding notices beginning in June and carrying throughout the summer into October. HUD sets the outline for funding the programs in its fiscal year 2010 General Section N... 06/10/2010 8:28 PM

10:   (FUNDING) HUD, DOT to Conduct Multi-Agency Evaluation of Sustainability Planning Grants : HUD and Transportation Department officials are taking another step in their Partnership for Sustainable Communities by following through with plans to conduct a multi-agency award process for the agency's separate national infrastructure planning gr... 06/04/2010 09:59 AM

11:   (HOUSE) Financial Services Leadership Rejects Plans for TRA Use Restriction Waiver : HUD's Transforming Rental Assistance (TRA) initiative combining project- and tenant-based Sec. 8 efforts was all but rejected by top House Financial Services Committee leaders upset about a loophole in proposed program rules they fear will privatize ... 05/27/2010 09:42 AM

12:   (CNI) HUD Offers Guidance on Getting Choice Neighborhood Pilot Grants : Applicants looking to gain shares of $65 million in competitive Choice Neighborhood Initiative (CNI) program money receive some guidance from HUD in how to get it. Department officials publish their Choice Neighborhood fiscal year 2010 Notice of Fun... 05/21/2010 3:36 PM

13:   (POLICY) HUD Ready to Make Legislative Push to Standardize Public Housing : HUD is ready to embark on a legislative effort toward standardizing Sec. 8 public housing assistance policies, while looking to possibly take on foreclosed properties and allowing unit providers to convert to long-term, property-based contracts. The... 05/14/2010 5:01 PM

14:   (SENATE) Bond Attacks Sustainable Communities Partnership as Invasive to Local Development : The Interagency Partnership for Sustainable Communities comes under attack from a Republican appropriator who says the program appears to be heavy-handed with regard to guiding local development and should not be allowed to remove money from the High... 05/06/2010 4:03 PM

15:   (HOUSE) Financial Services Sends Broader Green Housing Bill to Floor : A House panel sends to the floor a sweeping authorization bill (HR 2336) to improve energy-efficiency in buildings participating in HUD-backed programs, and offering local housing agencies a demonstration grant program providing funds to help include... 04/29/2010 2:50 PM

16:   (BUDGET) Senate Panel Eliminates Planned FY-11 Cuts to Elderly, Disabled Housing : Senate Budget Committee members move to restore the Obama administration's suggested fiscal year 2011 funding cuts to housing for the elderly and disabled, while backing plans to boost affordable housing by fully funding Sec. 8 programs. Budget Comm... 04/23/2010 09:44 AM

17:   (STABILIZATION) OH County Attacks HAMP, Urges Congress to Hike Foreclosure Counseling Funds : Officials in one of the nation's areas hardest-hit by foreclosures say locally based counselors are needed to replace the long-distance efforts by the servicing industry to work out mortgage modifications in the Home Affordable Modification Program (... 04/14/2010 2:09 PM

18:   (SENATE) Panel Considers Bill Offering Energy-Efficiency Rehab Grants : The U.S. Senate Energy & Natural Resources Committee is considering legislation that would provide states with grants for business and multi-family rental unit rehabilitation, using incentives that would save both money and energy. Sen. Jeff Mer... 04/06/2010 4:32 PM

19:   (CONGRESS) House Panel to Seek Answers on Possible Budget Shortfall : A House subcommittee will continue to seek answers from the Federal Housing Administration (FHA) about a potential shortfall in revenues for the fiscal year 2011 budget, as appropriators struggle to determine whether to reduce HUD's funding requests.... 03/31/2010 5:07 PM

20:   (HOUSE) Frank Offers Bill to Preserve Affordable Housing : The House will soon consider new legislation to boost affordable rental housing nationwide by a host of resources and incentives, including grants and loans to for-profit and non-profit housing sponsors who will transfer properties to a preservation-... 03/19/2010 3:59 PM

21:   (BUDGET) CBO Finds $4 billion Shortfall in HUD Budget; FHA Head Dismisses Claim : HUD may be scrambling to find nearly $4 billion in its 2011 budget plan after the Congressional Budget Office (CBO) identified a possible shortfall in a Federal Housing Administration (FHA) mortgage insurance fund. FHA Commissioner David Stevens is d... 03/12/2010 4:41 PM

22:   (MAYORS) USCM Seeks Automatic Disaster Grant Standing for CDBG Entitlement Cities : Several members of a U.S. Conference of Mayors (USCM) task force are pushing federal lawmakres to authorize automatic disaster grant standing for all Community Development Block Grant entitlement jurisdictions, which would allow them to deal directly... 03/05/2010 09:49 AM

23:   (HAMP) House Panel Attacks Federal Government Mortgage Crisis Response : Several members of a House oversight panel say the Obama administration's efforts to modify mortgages and keep at-risk homeowners from foreclosure are too limited and call on Treasury Department officials to push harder on servicers and lenders to he... 02/25/2010 11:34 PM

24:   (CONGRESS) Reid to Offer New Senate Jobs Bill; Floor Discussion Set : Debate on the Senate jobs bill took an abrupt turn after Majority Leader Sen. Harry Reid (D-NV) discarded a bipartisan version with what he says will be a smaller, more streamlined model aimed at improving infrastructure, offering tax incentives to c... 02/12/2010 4:50 PM

25:   (TRANSFORMATION) Choice Neighborhood Pilot to Provide Up to Three Grants in First Year : The successor to HUD's HOPE VI program is likely to provide one to three grants in fiscal year 2010, plus some planning money during its first year as a pilot, a leading HUD official says. The Choice Neighborhoods Initiative (CNI) receives $65 milli... 01/22/2010 3:55 PM

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