Latest news with #HOMEInvestmentPartnershipsProgram
Yahoo
3 days ago
- Business
- Yahoo
New mixed-income housing project underway in Albuquerque
ALBUQUERQUE, N.M. (KRQE) – Construction is underway for Sol Housing, a new mixed-income apartment complex in Albuquerque. The building called 'SOMOS' is located near Central Ave. and Alcazar St., which is east of Louisiana Blvd. City officials say it is designed to provide affordable housing for older adults and those with accessibility needs. The city said it's part of their Near Heights Metropolitan Redevelopment Plan, which aims to stabilize low-income neighborhoods. The Metropolitan Redevelopment Agency donated the land for the project. Funding came from: $4 million from the New Mexico Housing Trust Fund in the form of a loan; Approximately $1.6 million annually in 9% Low-Income Housing Tax Credits for 10 years; $5.18 million in HOME Investment Partnerships Program funds from the U.S. Department of Housing and Urban Development (HUD); $1 million in American Rescue Plan Act (ARPA) funds from the U.S. Department of Treasury; $158,756 in Community Development Block Grant (CDBG) funding for infrastructure improvements. The complex will offer 70 homes, 80% of which will be reserved for people age 55 and older. Also, 59 will be income-restricted and 11 will be market-rate units. Construction is expected to be completed in December 2026. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-05-2025
- Business
- Yahoo
$11 million in federal funding to Springfield; city seeks input
DAYTON, Ohio (WDTN) — A city is hoping to gather input from residents about its use of approximately $11 million in federal funding. Springfield is hosting several sessions to gather more information from the community as the city enters the planning phase of its development strategies. There will be two public hearings, a public comment period and an online survey. (Public hearing) May 21 at 5:30 p.m. at United Senior Services (Public hearing) June 14 at 10:30 a.m. at Fire Station 8 Training Room (Public comment period) June 9 through July 7. The funding is set to be dispersed over 5 years from the Community Development Block Grant Program, HOME Investment Partnerships Program and the Emergency Solutions Grant Program. Contact the Community Development Department at 937-324-7380. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
27-02-2025
- Business
- Yahoo
HUD cuts, layoffs will "devastate" communities, worsen housing crisis, observers say
The Trump administration on Wednesday instructed federal departments to eliminate staff positions and look for ways to cut budgets, the latest in a series of steps taken in Washington to slash spending and shrink government programs. But at the federal agency responsible for housing matters, staff and budget dollars are already stretched too thin, observers say. In the midst of a housing crisis that's pinching Americans across the country, having the Department of Housing and Urban Development operating at 100% of its capacity is critical, they believe. 'We know everybody is feeling the pain of housing,' said Rachel Heller, CEO of the Massachusetts-based Citizens' Housing and Planning Association (CHAPA). 'Housing is unaffordable for everyone at just about every income level. We would hope that this would be a moment when the federal government would be doing more, not less.' Like many housing organizations across the country, CHAPA offers a long list of programs and initiatives to help residents in its area rent, buy, age in a supportive environment, or get off the street or out of a shelter into something more permanent, most of them supported by money and staff from HUD. In February, analysts at the Urban Institute, a Washington, DC-based think tank, compiled a searchable tracker of HUD programs and their impacts in all 50 states. Among them: The Housing Choice Voucher Program, which provides funds to 2.3 million households to rent market-rate housing units. The HOME Investment Partnerships Program helps communities invest in building and preserving affordable housing. And Community Development Block Grants support infrastructure investments in communities beyond just housing. 'Deep cuts to HUD's budget will devastate high housing cost communities like Bend,' said Melanie Kebler, the mayor of Bend, Oregon, in an email exchange with USA TODAY. 'The vouchers and programs that HUD funds are critical to keep veterans, kids, and families in their homes and help people experiencing homelessness off the street and into housing.' In Bend, Community Development Block Grants ENABLE (DELETE let) non-profit organizations TO acquire land for affordable housing development and offer down payment assistance for homeownership for low- and moderate-income residents, Kebler said. They also support case management for the homeless or those at risk of losing their homes, among other things. The Fair Housing Resource Center, which serves residents across three counties in northeast Ohio, also relies heavily on HUD programs and staff to carry out its mission. While there are plenty of good intentions in the private sector, which often likes to fund innovative start-up efforts, 'public funding remains the backbone of fair housing enforcement, housing counseling, and stability programs,' Executive Director Patricia Kidd said. (DELETE in an interview.) 'Many residents in our region are rent-burdened, and most seniors we serve can no longer afford to age in place. These individuals worked hard their entire lives, yet struggle to survive on Social Security as market rents continue to rise,' Kidd said. In rural Morehead, Kentucky, Tom Manning-Beavin is president and CEO of Frontier Housing, which is one of thousands of HUD-certified housing counseling agencies around the country. For its direct housing programs, Frontier relies on a hodgepodge of federal funding, including money from HUD and the U.S. Department of Agriculture, Manning-Beavin said. In addition, HUD Community Development Block Grants are used frequently in Morehead for things like water infrastructure. What's more, HUD assistance has been invaluable for disaster recovery, including from a set of devastating floods in 2022 and FLOODING again this February. More: Kentucky flooding and cold weather death toll rises to 22; FEMA to tour damage 'I have lots of fears,' Manning-Beavin said. 'We're in the middle of an environmental review on a disaster recovery grant to build 18 rental units. If HUD's not able to complete their portion of that environmental review, we'll never start that.' Economic development efforts in Appalachia meet many roadblocks, Manning-Beavin said, and funding from the federal government is critical. 'Not everyone has access to the same bootstraps,' he told USA TODAY. 'And some people's bootstraps are incredibly short or non-existent and our work to put them into a homeownership situation is the bootstraps they need. With an incredibly modest investment, we're creating some legacies of wealth building and helping households get that start.' Patricia Kidd, of Ohio's Fair Housing Resource Center, agrees. 'There is often a perception that anyone impacted by these issues are 'those people,' but the reality is that they are our parents, grandparents, neighbors, and colleagues." In a time of increasingly expensive housing, financial strain isn't limited to a specific group, Kidd added. It may take only one unexpected event, such as a medical emergency or job loss, to push someone into a crisis, where they are no longer able to afford housing or essential medications. Many observers say that if anything, HUD needs more resources, not less. 'Already, these programs are underfunded compared with their need,' the Urban Institute researchers wrote. 'An additional 16 million households with low and moderate incomes are cost burdened and currently receive no federal housing assistance. A large share of the people affected are children, seniors, or those with a disability, yet funding levels have not meaningfully increased over the past decade to keep up with growing needs.' Heller notes that the 'chaos' caused by the various directives from Washington is likely already having an impact on programs which rely on consistency. 'There is a tremendous amount of work in administering these programs,' she said. 'If you don't have adequate staffing, the funds don't get out.' 'Many HUD employees are already overworked and short-staffed, yet they continue to provide exceptional support for housing initiatives,' Ohio's Kidd said. Deep cuts to HUD funding and staff mean 'the impact will be felt across all communities, because at the end of the day, if you can't afford your rent, it doesn't matter how you voted.' This article originally appeared on USA TODAY: HUD cuts amidst a housing crisis will "devastate" communities
Yahoo
11-02-2025
- Business
- Yahoo
Berkshire Habitat for Humanity visiting Congress for help with housing
PITTSFIELD, Mass. (WWLP) – Representatives from Habitat for Humanity groups across the country will be meeting in Washington D.C. this week, including two from Berkshire County. Members of Central Berkshire Habitat for Humanity (CBHFH) will join hundreds of local Habitat organizations and housing advocates for Habitat on the Hill, the organization's annual legislative meeting. They will be advocating for Congress to take greater action in addressing the growing housing crisis in the United States. Healey unveils Massachusetts housing plan CBHFH CEO Carolyn Valli and Lead Habitat Community Navigator Tonya Frazier are attending the conference to represent Berkshire County. 'Every day, we see families that still can't afford a safe, stable home,' said Valli. 'Raising our voices is just as important as swinging our hammers when it comes to addressing the affordable housing crisis, and we look forward to working alongside lawmakers to ensure more people have a place to call home.' According to the National Low Income Housing Coalition, there is a shortage of more than 7 million affordable homes for 10.8 million plus extremely low-income families across the country. Additionally, some 70% of all extremely low-income families pay more than half their income on rent. Habitat is planning to ask members of Congress to prioritize policies that will increase the number of affordable homes, especially for first-time homebuyers, including the following proposals: Support a Homeownership Supply Accelerator, Habitat's innovative federal policy concept designed to rapidly increase construction and rehabilitation of affordable starter homes. Finalize the fiscal year 2025 appropriations process and provide robust funding for housing and community development federal programs in the fiscal year 2026 budget, including: Department of Housing and Urban Development (T-HUD Bill): No less than $20 million for the Self-help Homeownership Opportunity Program. No less than $1.5 billion for the HOME Investment Partnerships Program. Department of Agriculture (Ag-Rural Development Bill): No less than $1.25 billion for the USDA Section 502 Direct Loan Program. Ensure that Congress includes provisions that increase the supply of starter homes in any tax package. Habitat has led the development of one new concept, a Homeownership Supply Accelerator, which would be a federal resource designed to regrow the nation's stock of starter homes in every community that needs them, at prices affordable for low- and moderate-income homebuyers. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-02-2025
- General
- Yahoo
Help shape housing and community projects in Waco
WACO, Texas (FOX 44) – The City of Waco wants to improve housing options and encourage community development, and your input is needed! The city is developing its 2025 Annual Action Plan, which determines how Waco spends federal funding from the Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME). Community input helps the city focus its efforts and the limited resources it has on the programs and services which are important and needed in community neighborhoods. You can complete a survey online here, or you can pick up a copy at any of the four Waco-McLennan County Library locations. In addition, Wacoans can also provide feedback in person at 6 p.m. on the following days:– February 11th at South Waco Community Center (2815 Speight Avenue)– February 24th at Dewey Community Center (925 N Ninth Street)– February 25th at Carver Middle School (1601 J J Flewellen Road) The city says it looks forward to receiving your input! Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
