The State of the Nation’s Housing 2019 describes housing production as not keeping pace with the nation’s growth of households. This low production creates higher housing costs, which increase housing affordability struggles for low and moderate income households, the report says. Even as rental housing costs continue to increase, more older adult households are renting.
The House-passed bill increases overall HUD funding by 7%, rejecting the White House’s request to cut the HUD budget by 18% for the fiscal year that begins on October 1. For HUD’s Section 202 Housing for the Elderly account, the bill would increase funding by almost 19% compared to fiscal year 2019 funding.
H.R. 3055 includes a total of $804 million for HUD’s Section 202 Housing for the Elderly program, full funding for Section 8 Project-Based Rental Assistance contract renewals, and increases for other HUD programs.
Eager to see expansion and improvements of the Low Income Housing Tax Credit program enacted this year, LeadingAge urged members to contact their representatives and senators to co-sponsor new legislation.
The House bill includes a total of $140 million for new homes under HUD’s Section 202 Housing for the Elderly program, a far cry from LeadingAge's continued ask for $600 million for new Section 202 homes.
A new report from Stewards of Affordable Housing for the Future (SAHF) for BRIDGE Housing, a San Francisco-based developer and manager of affordable housing, looks at housing development costs and new ways to approach construction to address cost issues.
Andrea Ponsor and Adam Cohen are the principal authors of the report, Faster, Better, More.
2019 Income Limits Released on April 24
Housing programs for older adults benefited from a $5.9 billion increase, over the fiscal year 2019 enacted level, in the fiscal year 2020 bill the House Appropriations Subcommittee on Transportation, HUD, and Related Agencies approved on May 23.
The overall Section 202 account, under the Subcommittee bill, would receive $803 million.
The Affordable Housing Credit Improvement Act (AHCIA) of 2019 bills are sponsored by Senators Maria Cantwell (DWA), Johnny Isakson (R-GA), Ron Wyden (D-OR), and Todd Young (R-IN), and Representatives Suzan DelBene (D-WA), Kenny Marchant (R-TX), Don Beyer (D-VA) and Jackie Walorski (R-IN).
Here are the issues on which our congressional advocacy is
The weather was perfect as LeadingAge staff welcomed more than 1,100 to the rally to ask Congress to preserve and expand affordable housing for older adults with very low incomes. The rally brought together affordable housing supporters from the District and neighboring states MD and VA, as well as from PA, NJ, FL, OH, CT, MA and CA. The rally’s co-hosts helped promote the event and were instrumental in its success.
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