Latest News in Affordable Housing
DISCLAIMER: The Texas Affiliation of Affordable Housing Providers (TAAHP) posts informational resources that may impact or be useful to its members. The views, positions, and opinions expressed in news articles, research studies, or other resources are those of the authors and do not necessarily reflect the official policy or position of TAAHP or its employees. Views are subject to change at any time.
Biden Increases HUD Budget by $11.7 Billion in 2023 FY Proposed Budget
The 2023 President’s Budget requests $71.9 billion for HUD, approximately $11.6 billion more than the 2022 annualized continuing resolution (CR) level. The Budget outlines an ambitious agenda to address challenges our nation faces, ranging from climate change to housing discrimination to racial equity in homeownership and rental housing, to ending homelessness.
San Antonio-Based Non-Profit Providing COVID-19 Related Rent Assistance to Low-Income Households
According to a recent story in the Austin-American Statesman, San Antonio-based non-profit, Endeavors, is distributing rent relief to low-income residents in dozens of counties across Texas earning at or below 50 percent of their area’s median income who are struggling to pay rent due to the impact of the COVID19 pandemic.
Texas Counties will lose rent assistance funds if not distributed by March 31st
Texas counties will lose a combined $103 million in federal rent assistance funds provided by the U.S. treasury.
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives.
HUD Reminds Multifamily Owners Provided with Utility Allowances They Must Adjust Allowances Amid Rising Utility Costs
Owners of Multifamily-assisted properties for which HUD provides a utility allowance are reminded they are required to adjust their properties’ utility allowances.
New Treasury Data Shows Over 80% of Emergency Rental Assistance Delivered to Lowest-Income Households
According to the U.S. Treasury reporting data, over 80% of ERA assistance was delivered to very low-income households (those earning 50% of area median income and below) in 2021.
San Antonio Bond Plan Includes $150M for Affordable Housing
The City of San Antonio is proposing a bond package to be placed on its May 7th election ballot that dedicates $150 million for affordable housing that is dedicated to helping those who are recently homeless.
Pandemic Tenant Protections and Emergency Rental Assistance
NLIHC released a new report,”Tenant Protections and Emergency Rental Assistance during and beyond the COVID-19 Pandemic.” The report provides a descriptive analysis of new tenant protections and rental assistance-related policies enacted or implemented by states and local governments in 2021.
Pandemic Household Spending Strategies
The Joint Center for Housing Studies of Harvard Study: Renters tapped a range of financial resources to make rent even in the face of income lost due to the pandemic.
Austin’s Mayor seeks $500 Million Bond to build Affordable Housing
Austin Mayor Steve Adler city to borrow $500 billion through a bond to build more affordable housing in the city. He plans to put the measure on the November 2022 ballot.
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