HAC News
Shawn Poynter / There Is More Work To Be Done
Shawn Poynter / There Is More Work To Be Done
HAC News: December 16, 2009
Access a pdf version of this HAC News. • HUD spending bill nears completion • HUD proposes trust fund allocation formula • Mortgage licensing standards drafted
December 16, 2009
Vol. 38, No. 25
HUD SPENDING BILL NEARS COMPLETION. An omnibus bill making FY 2010 appropriations for HUD and several other federal agencies has passed the House and the Senate, and President Obama is expected to sign it before the current continuing resolution expires December 18. Many HUD programs received increases, and several new initiatives were funded. Replacing the Rural Housing and Economic Development program is a new $25 million Rural Innovations Fund, as proposed by the Obama Administration. The omnibus bill, which also includes the Department of Labor, provides $5.7 million for DOL’s migrant and seasonal housing program, with at least 70% of that amount for permanent housing. USDA’s FY 2010 spending bill became law October 21 (see HAC News, 10/14/09). For the full legislation visit https://thomas.loc.gov/home/approp/app10.html.
|
HUD Program |
FY 2009 |
FY 2010 |
FY 2010 |
FY 2010 |
FY 2010 Final |
|
Cmty. Devel. Block Grants |
$3,900 |
$4,450 |
$4,599 |
$4,450 |
$4,450 |
|
HOME |
1,825 |
1,825 |
1,995 |
1,825 |
1,825 |
|
Housing Trust Fund |
– |
1,000 |
0 |
0 |
0 |
|
Tenant-Based Rental Asstnce. |
16,217 |
17,836 |
18,242 |
18,100 |
18,184 |
|
Project-Based Rental Asstnce. |
7,100 |
8,100 |
8,306 |
8,100 |
8,552 |
|
Vets. Affairs Spptve Hsg. Vouchers |
75 |
0 |
75 |
75 |
75 |
|
Public Hsg. Capital Fund |
2,450 |
2,244 |
2,500 |
2,500 |
2,500 |
|
Public Hsg. Operating Fund |
4,455 |
4,600 |
4,800 |
4,750 |
4,775 |
|
Public Hsg. Revtlztn. (HOPE VI) |
120 |
0 |
250 |
0 |
200 |
|
Choice Neighbrhd. Initiative (b) |
– |
250 |
0 |
250 |
(65) |
|
Native Amer. Hsg. Block Grant |
645 |
645 |
750 |
670 |
700 |
|
Native Hawaiian Hsg. Block Grant |
10 |
10 |
12 |
13 |
13 |
|
Homeless Assistance Grants |
1,677 |
1,794 |
1,850 |
1,875 |
1,865 |
|
Hsg. Opps. for Persons w/ AIDS |
310 |
310 |
350 |
320 |
335 |
|
202 Hsg. for Elderly |
765 |
765 |
1,000 |
785 |
825 |
|
811 Hsg. for Disabled |
248 |
250 |
350 |
265 |
300 |
|
Fair Housing |
54 |
72 |
72 |
72 |
72 |
|
Rural Hsg. & Econ. Dev. (RHED) |
26 |
0 |
0 |
0 |
0 |
|
Self-Help Homeownshp. (SHOP) |
26.5 |
27 |
27 |
27 |
27 |
|
Lead Hazard Control |
140 |
140 |
140 |
140 |
140 |
|
Housing Counseling |
65 |
100 |
75 |
100 |
87.5 |
|
Transformation Initiative (c) |
– |
20 |
20 |
20 |
20 |
|
Energy Innovation Fund |
– |
100 |
50 |
75 |
50 |
a. Proposed new initiatives under CDBG. b. Proposed in President’s budget to replace HOPE VI; included in final bill as $65 million demonstration. c. New initiative to combat mortgage fraud.
HUD PROPOSES TRUST FUND ALLOCATION FORMULA. The formula would apportion grants to states from the not-yet-funded National Housing Trust Fund. Comments are due February 2. See Federal Register, 12/4/09, or https://www.regulations.gov. Contact Marcia Sigal, HUD, 202-708-2684. National Low Income Housing Coalition estimates of state funding are at https://www.nlihc.org/doc/NHTF-State-Estimates.pdf.
MORTGAGE LICENSING STANDARDS DRAFTED. The 2008 Secure and Fair Enforcement (SAFE) Mortgage Licensing Act requires state licensing of mortgage originators and a nationwide registration system. Comments are due February 16 on HUD’s proposed enforcement procedures and standards for state laws. See Federal Register, 12/15/09, or https://www.regulations.gov. Contact William W. Matchneer III, HUD, 202-708-6401. For information about SAFE and the laws already adopted by many states, visit https://www.hud.gov/offices/hsg/ramh/safe/smlicact.cfm and https://mortgage.nationwidelicensingsystem.org/safe/.
Housing Assistance Council
1025 Vermont Ave., NW, Suite 606, Washington DC 20005
(202) 842-8600 | hac@ruralhome.org | www.ruralhome.org