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Fitch Ratings recently downgraded the following Philadelphia Housing Authority and the Redevelopment Authority of the City of Philadelphia capital fund bonds:
$85 million Philadelphia Housing Authority capital fund program (CFP) revenue bonds, series A of 2002—to AA- from AA; and
$65 million Redevelopment Authority of the City of Philadelphia capital fund program revenue bonds series B of 2002 and series C and D of 2003—to AA- from AA.
Iowa Senator Charles Grassley is calling on HUD to launch an investigation into the Providence Housing Authority (PHA) after accusations were made by an employee.
Last month, a PHA executive administrative officer sent a 37-page complaint that includes allegations of “serious misconduct, fraud, and perhaps criminal activity,” as well as sexual harassment by the agency's executive director, to the Mayor's office and various agencies, including the Attorney General's office, HUD, and the Department of Labor and Training.
The Ohio Housing Finance Agency's (OHFA) Office of Affordable Housing Research (OAHR) recently announced the launch of an assessment study to examine the health impact of a proposed policy change to reduce the frequency of physical inspections in the State of Ohio.
The head of the Ansonia Housing Authority in Connecticut had been collecting rent from a Section 8 unit he owned, in direct conflict with housing authority regulations, according to a spokesperson for the New England office of HUD.
On Feb. 3, HUD issued a final rule requiring equal access to housing in HUD programs without regard to sexual orientation, gender identity, or marital status. The final rule is published as “Equal Access to Housing in HUD Programs—Regardless of Sexual Orientation or Gender Identity,” and the rule will take effect on March 5, 2012.
Deutsche Bank Americas Foundation and Living Cities, a nonprofit partnership of 22 foundations and financial institutions, commissioned a new study that shows that the practice of retrofitting buildings with energy-conserving technology can significantly reduce spending on fuel and electricity.
Six states have worked out an understanding with HUD to reduce duplicate inspections of affordable housing units. The states hope that by cutting back on repetitive housing inspections, those resources can go toward providing more affordable housing. The agreement is part of the Obama administration's goal of streamlining federal rental policy.
A justice of Massachusetts' highest court recently approved a request from the state to put the Chelsea Housing Authority under receivership following the resignation of its executive director and governing board.
The Senate Appropriations Committee recently passed S. 1596, which provides funding for HUD, the Department of Transportation, and other programs. The measure provides nearly $37 billion to fund HUD programs in fiscal year (FY) 2012. While the bill funds many programs at levels similar to FY 2011, there are some notable changes.
The proposed fiscal year (FY) 2012 fair market rents (FMRs) were published in the Federal Register on Aug. 19. The final FMRs are expected to be published by Oct. 1. The final FMRs are used in the Housing Choice Voucher, the Moderate Rehabilitation, the project-based voucher, and other programs that require location-specific economic data.
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