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HUD recently released an agenda for economic justice that describes actions the department will take to help low-income renters build assets, along with a Notice of Funding Opportunity for $113 million for the Family Self-Sufficiency (FSS) program to help HUD-assisted families increase earned income and improve financial stability.
A surge in consumer prices has made the affordability challenge for renters even more severe, particularly for low-income households and households of color, according to The Joint Center for Housing Studies of Harvard University (JCHS) annual report, “The State of the Nation’s Housing 2022. As a result, finding affordable housing has become more critical as emergency pandemic aid runs out.
The House Appropriations Committee recently approved a fiscal 2023 funding bill that covers the Department of Transportation and HUD. This was the last of 12 annual government funding bills to pass out of the committee this year and its passage capped off weeks of partisan battles over how the government should be funded. The Transportation-HUD funding bill approved in committee greenlit more than $90 billion in funding, up 12 percent from the previous year, with a $9 b...
HUD Secretary Marcia Fudge recently announced “Our Way Home,” a new national initiative to increase and preserve affordable housing supply. As part of the initiative, HUD is seeking to learn from and elevate lessons from communities that are building and preserving affordable homes. HUD intends to engage communities in discussions on housing supply policies and resources in the coming months.
HUD recently announced that it will publish a rule to implement changes to the Family Self-Sufficiency (FSS) program. The FSS program promotes increased earnings and savings among families receiving HUD-funded rental assistance. To achieve this, FSS utilizes case management and financial coaching services and a financial incentive.
The White House and HUD recently announced an expansion of the FCC’s Affordable Connectivity Program (ACP). As part of the Bipartisan Infrastructure Law, the legislators created the ACP, which allows tens of millions of American households to reduce their internet service costs by up to $30/month (or $75/month on Tribal lands). ACP-eligible households can access a new website, https://www.whitehouse.gov/getinternet...
The Biden administration recently released its budget request for fiscal year (FY) 2023. This signals the start of the appropriations process as Congress must now pass appropriations bills to provide money to carry out government programs for that year. The president’s budget proposal serves as a fiscal indicator of the administration’s policy priorities and signals to Congress what the White House hopes to accomplish over the coming years.
On March 28, HUD released its strategic plan for fiscal years 2022–2026. This document covers the department’s objectives and priorities for the next four years as well as its strategies for assessing and achieving those objectives.
HUD’s Office of Policy Development & Research recently posted new research from data gathered on the housing experiences of the LGBTQI+ community. This community is defined by HUD researchers as lesbian, gay, bisexual, transgender, queer, intersex, and individuals whose orientations differ from those who identify as heterosexual and cisgender.
After a cooldown early in the pandemic, rental housing demand has come back aggressively in the second year, reducing vacancy rates and driving up rents. So says Harvard’s Joint Center for Housing Studies (JCHS) recently released annual “America’s Rental Housing 2022” report. The new report finds that rents in 77 of 150 markets analyzed increased by double digits in the third quarter of 2021, compared to a year earlier. And the vacancy rate for a...
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