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Additionally, emergency shelters for the homeless were expanded, and home ownership by low-income families was promoted to a greater degree. [20] In 1990, President George H. W. Bush signed the Cranston-Gonzalez National Affordable Housing Act (NAHA), which furthered the use of HOME funds for rental assistance. In his address upon its passage ...
It is the largest Federal block grant to states and local governments designed exclusively to create affordable housing for low-income families, providing approximately US$2 billion each year. [ 2 ] The program is commonly referred to as the Home Investment or Home Partnership Program, and is often operating in conjunction with other housing ...
The Trust Fund is intended to complement existing federal funding sources for affordable housing. By law 90% of fund are to support activities that build, preserve, repair, and operate rental housing for low-and very-low income households. Up to 10% of funds can support homeownership services for first-time home buyers like down payment and ...
Affordable housing and Homelessness in the San Francisco Bay Area represents an ongoing part of public discourse, especially as the Bay Area population has increased to house about 20% of the State of California's population – the regional population is expected to increase from 7.2 million to 9.3 million by 2040. [65]
From 2013 until 2019, the trust fund was the only account lawmakers used to fund affordable housing. Back in 2013, lawmakers dropped $56 million into it. During the past two years, they’ve ...
The Community Development Block Grant (CDBG), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities with the stated goal of providing affordable housing, anti-poverty programs, and infrastructure development.
Slater Hall, an affordable housing complex under construction in Cincinnati's West End neighborhood, received about $1.9 million in funding from Cincinnati's Affordable Housing Leverage Fund.
Tim Brigman argues raising the Real Estate Excise Tax to fund affordable housing would be counterproductive, leaving many renters worse off. | Opinion