In this episode of The Spring Street Brief, we cover the critical developments in affordable housing:
Section 8 Funding Crisis: Over 500 PHAs facing shortfall, $700-800M in delayed payments, HUD advises using reservesHousing for the 21st Century Act: House passes major legislation with HOME program updates and streamlined NEPA reviewsHUD Injunction: Federal judge blocks Continuum of Care funding overhaul, citing potential "chaos"MidPen Housing: Secures $132.8M for three California affordable housing developmentsFHLBank New York: Commits $150M for affordable housing and community developmentPWI Cap Increase: Legislation advancing to raise public welfare investment cap from 15% to 20%Produced by Spring Street Management Group.
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