NEW YORK STATE RURAL ADVOCATES

Watch it here    The Governor just pledged $100 Million MORE for affordable housing

Also of interest see this proposal for storm recovery efforts

According to the Daily News, The State of the State will contain a new affordable housing program for NY.   “ Cuomo’s affordable housing proposal will be modeled after the $1 billion House NY initiative unveiled in last year’s State of the State Address. That program, run by the Division of Housing and Community Renewal, seeks to develop 14,000 affordable housing units over the next five years by providing funds to developers and nonprofit organizations that develop low-cost housing.”

Will there be affordable housing funds in the proposal for Rural New York? “One of the proposals would allocate $100 million in federal Hurricane Sandy recovery funds to create 3,000 new units of affordable housing over the next two years in storm-ravaged areas around the state”

 

Read more: http://www.nydailynews.com/news/politics/cuomo-propose-116m-housing-jobs-state-address-article-1.1566648#ixzz2pcOgKuNG

The NY Times Editorial Board lends its support: “To cope with a worsening crisis, the Federal Housing Finance Agency should jump-start a trust fund program.”

(source: Housing Assistance Council)December 16, 2013 – The House on December 12 approved by a 332-94 vote a bipartisan budget agreement that had been announced earlier in the week. If the Senate also approves H.J. Res. 59, setting an overall budget framework, Congressional appropriators will then move to complete spending bills for the rest of FY 2014. The Agriculture and Transportation-HUD bills appear to be candidates for inclusion in an omnibus wrap-up law. Other more contentious appropriations measures, such the Labor-HHS bill, will likely end up in a year-long continuing resolution for 2014. Senate action is expected during the week of December 16. No spending levels for programs have so far been revealed.  Continue reading →

December 16, 2013 – USDA has obtained the funding it requested from the Office of Management and Budget to cover one-year renewals of all Section 521 Rental Assistance that expire before January 15, 2014.

” significant erosion
in renter incomes over the past decade has
pushed the number of households paying
excessive shares of income for housing to
record levels. Assistance efforts have
failed to keep pace with this escalating
need, undermining the nation’s longstanding
goal of ensuring decent and affordable
housing for all.”

Annual Joint Center for Housing Studies at Harvard report on America’s Rental Housing

Update: Help USDA Use Section 504 funds – Housing Assistance Council

With only 7 weeks remaining in Fiscal Year 2013, USDA still has a substantial amount of funding available for Section 504  home repair loans. Loan funds not obligated by September 30, 2013 will be lost. See the link above to find out what you can do.

 

USDA has issued a NOFA for the Rural Community Development Initiative, due November 12, 2013. see the Federal register notice for more information

USDA has issued a NOFA for the Section 514 Farm Labor Housing loans and Section 516 Farm Labor Housing grants programs. The deadline for applications is September 13th. See The Federal register notice for more information

Banks will now get CRA credit for issuing loans in flood recovery areas, according to the Albany Times Union.

Floating loans for flood recovery – Times Union.

THUD bill pulled from House floor – David Rogers – POLITICO.com.

The impact?  More news as it unfolds…