Tag Results: "Affordable Housing"
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This project will develop and evaluate a training program to strengthen the role of family caregivers of low and modest income older adults living in independent, publicly subsidized housing communities. Special attention will be paid to responding to the needs
Poor health, financial limitations or lack of accessible transportation can keep many residents of publicly subsidized housing from obtaining the medical services they need. A new IFAS publication, Doctor at Your Door The Senior Housing Community's Guide to Medical
This study described and compared how three senior housing communities in Colorado helped residents maintain independent living in the face of growing frailty and or disability. Each community evolved very different strategies to foster independent living and support residents as
IFAS developed an inventory of AHPS programs nationwide to connect low and modest income seniors in multi unit housing to health and supportive services.Although not formally evaluated, these programs provide a rich set of examples for others.
Expanding Affordable Housing Plus Services Publications and Products
A comparative study of three providers that bring distinctive approaches to housing plus services. FutureAge Magazine, November-December 2006, by Michelle Washko and Alisha Sanders.
Need to fund new affordable senior housing? Try partnerships. FutureAge Magazine, November-December 2006, by Jean Van Ryzin
Providers use creativity to preserve senior housing. FutureAge Magazine, November-December 2006, by Michele Hayunga
This issue of FutureAge is focused on finance. In it, you'll find articles discussing clarity in financial management, senior housing financing and investors' role in advancing the field. There's also information about adult day programs, "happiness therapy" and a provider's partnership with their local workforce investment program.
In this issue of FutureAge, discover how effective leadership strategies can help you empower your staff members, develop an exceptional board and most important, expand the care and service options you offer to older adults.
An overview of IFAS's affordable housing plus services initiative.
This is information about the creation of the Institute for the Future of Aging Services (IFAS).
IFAS has assembled an interdisciplinary staff trained in public policy, public health, gerontology, epidemiology, psychology, sociology, statistics, survey research, long term care administration and business. The principal areas of staff expertise include Program EvaluationA hallmark of IFAS' applied research
4350.3 Change 2 - audioconference FAQs 4350.3 Change 2 - Part 1 9834 - Management Occupancy Review and Civil Rights Monitoring Guide - New in 2006 9834 - Frequently Asked Questions AAHSA Chronicles Members' Hurricane Relief Support APPS: Online 2530 - Previous Participation Certification Assisted Living
This is a PDF version of the AAHSA Fact Sheet on Emergency Capital Repairs
Hyperlinks to key HUD webpages
An alphabetical resource to various HUD acronyms - in a PDF file
Harvard article on senior need for services at home
Evidence Based Strategies AAHSA's Institute for the Future of Aging Services (IFAS)Explore Affordable Housing Plus Services (AHPS) strategies to enable low and modest income seniors to remain in their own apartments as long as possible by integrating independent, multi
Senior
housing is a good option for people who want to live on their own, but
don't want to deal with the responsibilities of having a home.
One of AAHSA's major concerns remains the sustainability of the critical national resource that is in place affordable housing. As such, a major legislative initiative is to secure critical funding for renewal of all expiring rent subsidy contracts, emergency and other
AAHSA White Paper published post 9-11
The decision to evacuate or to shelter-in-place is a part of any facility’s comprehensive emergency management plan and will be a major focus when the plan is activated. The National Criteria for Evacuation Decision-making in Nursing Homes identifies key decision-making markers which may be used in any emergency event, with a special focus on tropical cyclones (i.e., hurricanes, tropical storms or tropical depressions).
A coalition of providers and consumer groups has released the Dementia Care Training Guide, offering a roadmap to nursing facility staff for caring for people with dementia during emergencies such as a major disease outbreak or hurricane. Members of the coalition include the Alzheimer’s Association, the American Association of Homes and Services for the Aging, the American Health Care Association, the National Center for Assisted Living, and more.
This disaster plan template was developed by the New Jersey Association of Non-Profit Homes for the Aging (NJANPHA) to help providers like you prepare and respond to emergencies. This template covers the continuum and can be edited online to meet your organization's needs.
Guide for conducting emergency preparedness training activities - suitable for staff and resident participation - outlined during the recent AAHSA disaster audio conference.
Best Practices analysis and review of how state and local organizations can implement a triage tool in mass evacuation shelters to assure that seniors receive critical services and direct care - providing model assessment tool and recommended strategies for use/intervention.
Topics include: new online reporting requirements for Section 236/Excess Income; model lease implementation policies; TRACS software changes; new REAC inspection resources, and more.
Topics include: FY2008 NOFAs; Service Coordinator funding and contract renewals; PRAC rent increase policies; Fair Housing documents and management reviews; more EIV updates; a new sheltering-in-place resource for disaster preparedness; direct advocacy resources and more.
Topics include: HUD staffing changes; subsidy payment status and priorities; EIV systems updates; tips for 2530, student rule and VAWA compliance; updated forms and medical expense adjustments; REAC physical inspection protocols and appeals, and more.
Get the latest in fair housing, litigation and federal regulatory compliance with things like the OSHA blood-borne pathogens and Fair Labor Standards Act guidance.
HOUSING ACTIVITIES - 2008 AAHSA ANNUAL MEETING - ONE VOICE - Philadelphia, PA DON T MISS THE HOUSING RECEPTION – Sunday evening Saturday, October 11 9am – 5 pm – Pre-Convention Seminars 205-P PACE in the Lon g-Term Care Continuum SUnday, October 12 8 am – 12 pm 213-P Women in L
In this month’s AAHSA Housing Report: Get ready for the AAHSA Annual Meeting and make sure to join us for the housing member reception on Sunday night. Also find out about AAHSA’s visit to HUD, learn about the continuing resolution being drafted, the impact of the Fannie and Freddie changes on the National Housing Trust Fund and the latest operational changes.
One Voice, Many Futures
by Gene Mitchell
Interview with Maria Dwight.
Interview with Rob Hilton.
Interview with Steve Protulis.
Topics include: HUD staffing changes; subsidy payment status and priorities; EIV systems updates; tips for 2530, student rule and VAWA compliance; updated forms and medical expense adjustments; REAC physical inspection protocols and appeals, and more.
Topics include: FY2008 NOFAs; Service Coordinator funding and contract renewals; PRAC rent increase policies; Fair Housing documents and management reviews; more EIV updates; a new sheltering-in-place resource for disaster preparedness; direct advocacy resources and more.
AAHSA Fact Sheet on defining and applicability of the "Housing for Older Persons Act" in restriction of age in residential living
AAHSA review of the regulatory barriers to streamlining the provision of services in housing
AAHSA Fact Sheet developed to assist providers seeking to go "smoke-free" in their communities - encompassing the entire campus, or just public areas or residential units.
AAHSA Technical Assistance Brief written by Kathelene (Coughlin) Williams regarding the ability of senior housing providers to restrict eligibility based on age, or not.
When in-depth training or facility/organization-based consulting services are needed, these folks are recognized leaders. Please feel free to contact us with recommendations to expand the list.
This Lancaster Pollard, LLC document details the steps and opportunities present for preservation by using existing Section 202 prepayment and refinancing guidance.
AAHSA Fact Sheet explaining what a Consolidated Plan is and how AAHSA members might be able to leverage local CDBG resources for needed programs or services.
AAHSA Fact Sheet describing the funding mechanism and resources availiable for affordable housing finance through the Federal Home Loan Bank
AAHSA Fact Sheet describing HOME program funding and mechanisms as part of affordable housing development and preservation
The September 2008 edition of Breakthroughs, a newsletter published by the Regulatory Barriers Clearinghouse, discusses land banking,
regulatory reform, and the rehabilitation of historic properties.
HUD Notice H 08-08 Annual Operating Cost Standards for Section 202/811 PRAC programs
AAHSA (and Lifespan) housing member, B’nai B’rith Homecrest House in Silver Spring, is one of 28 sites in Maryland that is participating in the Congregate Housing Support Services Program (CHSP) this year.
The report summarizes policy successes during 2008 and our future agenda.
On October 15, 2008 HUD announced its plan to cut funding from a number of programs in order to meet the FY08 $1.25 billion rescission required by Congress. According to HUD, $713 million was rescinded from the excess tenant and project-based Section 8 balances and $160 million came from other unobligated balances.
Notice H 08-06, a 159-page document, outlines changes to the FY08 Section 202/811 application and selection process, including rating changes and electronic submission details, and includes a change to allow for the submission of mixed financed proposal for the development of additional units after the announcement of receiving funding.
Why should housing providers get involved with Quality First? It's just for nursing homes, right? While
it is a common misconception that Quality First is just for nursing
homes, it isn't true. Quality First is meant for all AAHSA members,
across the continuum. This fact sheet gives 10 reasons why housing providers should be involved.
Getting the latest information is just one of the benefits of
subscribing to the AAHSA Housing Management listserv. It is also a
terrific way to network and share information with fellow members
around the country.
In a study dated June 2008, the U.S. Department of Housing and Urban
Development’s Office of Policy Development and Research (PDR) released
its assessment of the effectiveness of the Section 202 program in
meeting the needs of low-income elderly Americans. PDR's program
recommendations mirror many of the recommendations that AAHSA made in
its various policy briefs and in its advocacy on Capitol Hill.
Eight-year compilation of HUD articles on energy efficiency efforts and recommendations
In the recent changes to the Section 8 Renewal Guide, the U.S.
Department of Housing and Urban Development (HUD) altered its policy on
caps on Section 8 rents for not-for-profits marking rents to budget or
market in rehabilitation financing. Under the new guide, Section 8
rents can be increased, but they are limited to tax-credit rents if tax
credits are used in the refinancing.
Public Housing Policy Framework for Transition
AAHSA joined a broad coalition in considering the future of public housing and a blueprint for the way forward.
President-elect Barack Obama sent a letter to nine federal agencies outlining his agenda.
This page features information consumers can use to learn more about affordable senior housing.
A letter from AAHSA CEO Larry Minnix to President-elect Barack Obama with four suggestions for transforming public policy to improve aging service.
AAHSA CEO Larry Minnix shares ideas for transforming aging services with President-elect Obama.
In 2008, AAHSA helped members proactively address issues facing not-for-profit aging services providers. This document highlights 2008 AAHSA accomplishments.
On January 22, 2009, Shaun Donovan was confirmed as Secretary of U.S. Housing and Urban Development. Donovan’s nomination received wide bipartisan support and was enthusiastically received by the affordable housing community including AAHSA.
A statement regarding Obama's selection of Shaun Donovan as HUD secretary.
AAHSA has offered four ideas to the Obama transition team and to various staff on Capitol Hill related to senior housing and supportive services that could act as immediate economic recovery policies and expenditures and have implications for the long term as well.
The U.S. Department of Housing and Urban Development (HUD) began its
fiscal 2009 notice of funding availability (NOFA) process by publishing
policy requirements as well as all general section language for fiscal
2009 discretionary funding programs.
On Jan. 7, 2009, Sen. Herb Kohl (D-Wis.), chairman of the Special Committee on Aging, and Sen. Chuck Schumer (D-N.Y.), chairman of the Senate Banking Subcommittee on Housing, Transportation, and Community Development, reintroduced legislation to expand and improve the U.S. Department of Housing and Urban Development’s (HUD) Section 202 Supportive Housing for the Elderly Program (S.118).
A press release commending Sen. Kohl and his colleagues for introducing S. 118, a bill to improve the Section 202 program.
Larry Minnix: A Letter to President-Elect Obama: FutureAge Magazine, Jan/Feb 2009
The 2008 elections and what they will mean to aging-services providers. Advocacy Department, FutureAge Magazine, Jan/Feb 2009.
Who knows what consumers want? They do! Offering services seniors want, the way they want them, FutureAge Magazine, Jan/Feb 2009, by Sarah Mashburn.
Affordable housing providers assemble the puzzle of supportive services to help residents age in place. FutureAge Magazine, Nov/Dec 2008, by Michele Hayunga.
Providers bring independence, dignity to targeted populations: Holocaust survivors, homeless veterans, deaf seniors, people with developmental disabilities or mental health issues, and seniors with developmentally disabled children still in their care. FutureAge Magazine, Nov/Dec 2008, by Jean Van Ryzin.
Understanding the challenges HUD property managers face when seniors with declining health age in place. FutureAge Magazine, Nov/Dec 2008, by Lisette Hilton.
New housing-specific tools helped this provider boost quality. FutureAge Magazine, Nov/Dec 2008, by Maggie Flowers.
A Ministry By Any Other Name: A conversation with AAHSA Award of Honor winner Dr. Laverne Joseph. FutureAge Magazine, Nov/Dec 2088, by Gene Mitchell.
This affordable housing community hosts Jr. Iron Chefs, which teaches children culinary arts while building character and encouraging teamwork. FutureAge Magazine, Nov/Dec 2008.
The House Appropriations and Ways and Means Committees proposed legislation to meet the economic crisis and the need for dramatic government spending. The economic recovery bill, The American Recovery and Reinvestment Act of 2009, includes two provisions that can provide funding for senior housing.
IFAS has developed a guide that helps those who manage senior housing properties understand the goals of house call programs and how they operate, the type of patients they serve and the potential benefits of partnering with these programs.
Listing of in-depth training or facility/organization-based consulting services.
According to Peter Notarstefano, our home and community-based services
(HCBS) expert, we have a sick aging services system. In these days of
state budget cuts, increases in the population of older adults that
want to remain at home, 84 percent of older adults not eligible for
Medicaid, and large increases in Medicaid expenditures for long-term
services, adult day (AD) services are just what the doctor ordered.
Congress has just passed historic economic stimulus legislation to revitalize the nation's economy. AAHSA supported the measure because it enhances the long-term care field, helping to preserve and create jobs as well as improve care for our nation's seniors. Below is a summary of provisions in the legislation relating to aging services.
The fiscal 2010 budget proposal that President Obama submitted to
Congress calls for many initiatives that will help advance quality
care, services and housing for elders. The proposal to allocate $1
billion to capitalize and launch the Affordable Housing Trust Fund to
develop, rehabilitate and preserve affordable housing and increased
funding for the project-based rental assistance program to preserve 1.3
million affordable rental units will help moderate income elders find
and keep a place to call home.
Why housing problems plague some workers, and how employers might be able to help. FutureAge Magazine, Mar/Apr 2009, by Colleen Bloom.
Homeless veterans seek affordable housing, supportive services. FutureAge Magazine, Mar/Apr 2009, by Jean Van Ryzin.
On March 17, 2009, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development (HUD) announced that President Barack Obama appointed Carol Galante as deputy assistant secretary for multifamily housing programs at HUD.
Impacts of Nutrition and Human Services Interventions on the Health of Elderly and Disabled Persons in Public Housing,
a new report produced by On Solid Ground, the Congressional Hunger
Center and the University of Washington-Seattle, presents the results
of a quasi-experimental study of the effects of federally funded
supportive services and interventions on the health outcomes of seniors
and people with disabilities in Seattle public housing.
A recent report, “Implementing HUD's Energy Strategy,” describes the steps HUD has taken since 2006 to address rising energy costs in 5 million federally assisted housing units throughout the country.
View schedule of identified affordable housing sessions within the context of the broader FASC conference agenda.
Word format document with thumbnail outline of affordable housing sessions within broader context of FASC conference
State housing finance agencies nationwide are moving to adopt policies
to implement the $2.25 billion tax credit gap financing program and the
tax credit exchange program (TCAP) funded by the stimulus legislation,
the American Reinvestment and Recovery Act (ARRA), enacted on Feb. 17,
2009. The gap financing program which will distribute funds to tax
credit allocating agencies under the HOME program formula requires that
75 percent of TCAP funds be expended by Feb. 17, 2010. The TCAP funds
must be committed by Jan. 1, 2011.
Grants.gov will have a diminished role in the FY09 funding announcements and applications process. Section 202 applications are expected to be done in hard copy this year.
In December of 2008, HUD’s Office of Policy Development and Research published a report, the Multifamily Property Managers' Satisfaction with Service Coordination,
which evaluated the satisfaction among property managers with the
provision of service coordination in HUD assisted housing. Overall, the
study found that property managers were highly satisfied with the
service coordinator program and strongly believe that service
coordination improves residents' quality of life.
This guide describes programs and strategies that bring health and wellness services to low- and modest-income seniors living in publicly subsidized housing.
IFAS created a guide describing programs and strategies that bring health and wellness services to low- and modest-income seniors living in publicly subsidized housing.
In 2005, IFAS held a series of four invitational workshops to discuss
the merits of, challenges to and opportunities for developing
affordable housing plus services strategies.
This report presents the findings from four regional workshops on affordable housing plus services strategies.
IFAS has created a new guide on programs and strategies that bring
health and wellness services to residents of affordable senior housing
properties.
Center for Housing Policy study reveals wages earned are insufficient to secure home ownership or even affordable rental housing for key community workers in many parts of the United States.
This Microsoft Powerpoint presentation provides information on bringing health-related services to affordable senior housing properties.
AAHSA’s Institute for the Future of Aging Services (IFAS) recently published "Affordable Senior Housing Communities and Health-Related Services: Meeting Resident Needs,"
a guide describing programs and strategies that bring health and
wellness services to low- and modest-income seniors living in publicly
subsidized housing.
On March 13, 2009, the U.S. Department of Housing and Urban Development (HUD) issued Notice H 09-02 detailing the $250 million available under the Green Retrofit Program for Multifamily Housing (GRP). The program, part of the stimulus funding package passed in February 2009, is available to federally funded multifamily providers with project based assistance to pay for energy retrofit rehab.
As part of the American Recovery and Reinvestment Act of 2009, $95
million in grant funds will be available on a first come, first served
basis to public housing agencies for improvements that address the
needs of the elderly and/or persons with disabilities residing in
public housing.
This chart examines the impact of President Obama’s FY2010 budget oh elderly housing programs.
In this month’s AAHSA Housing Report, details of the President’s FY10 budget, recovery act funding updates, HUD confirmations hearings, the latest HUD management update, new REAC guidance, updated HUD forms and much more.
Rep. Barney Frank (D-Mass.) is set to introduce comprehensive
preservation legislation before Congress recesses for the summer. In
the midst of all the banking regulatory reform debates, the Financial
Services Committee in the House has tentatively scheduled its first
hearing on draft preservation legislation on Thursday, June 25, 2009.
On June 18, 2009, the U.S. Department of Energy (DOE) hosted a public
meeting to receive comments on its proposal to amend the eligibility
provisions under the Weatherization Assistance Program for certainLow Income Housing Tax Credit properties and properties assisted by the U.S.
Department of Housing and Urban Development (HUD). The rule is intended
to reduce the review and verification burden related to income
verification, rent increases, and property enhancement criteria under
the Weatherization Assistance Program for certain properties identified
by HUD.
In early June of 2009,
AAHSA’s housing team had the opportunity to sit down with Carol
Galante, new deputy assistant secretary for multifamily housing at the
U.S. Department of Housing and Urban Development (HUD), for an
introductory meeting. The meeting centered on the top priorities for
AAHSA’s affordable housing members, including administrative and
operational directives, preservation, capital advances and development,
and support for housing with services models. AAHSA specifically
addressed the issue of transparency, timeliness, and consistency in
HUD’s guidance to the field in the form of notices, letters and forms.
This edition of the HUD Management Update features new
policy changes and coming guidance for EIV implementation and systems; newly
posted LEP-related documents in translation; updated management review guidance;
updated occupancy forms; detailed electrical panel inspection
illustrations and new owner action requirements for REAC inspections;
FASS financial posting verification requirements; and new resources
related to fire safety, fair housing, housing cost and wage comparisons, and
more.
IFAS is evaluating the WellElder program, which is designed to support residents of affordable senior housing properties to maintain independent living through pairing a health educator and service coordinator to provide wellness and health education, health monitoring and assistance in identifying and accessing needed health resources.
The House Transportation, Housing and Urban Development (THUD)
appropriations subcommittee held a mark-up of the FY10 funding bill,
which included $1 billion for the Section 202 program. This is a $235
million increase from the FY09 funding level.
On June 30, 2009,Shaun Donovan, secretary of the U.S.
Department of Housing and Urban Development, announced that the agency
approved plans submitted by state housing finance agencies for $1.035
billion in funding under the Tax Credit Assistance Program (TCAP) to jump-start affordable housing programs in 26 states.
On July 8, 2009, the House Financial Services Committee marked up
the Section 8 Voucher Reform Act (SEVRA), H.R. 3045. A number of
amendments were adopted, including provisions to allow public housing
residents to possess firearms and increase requirements for proof of
legal immigration status in public housing. An amendment to reduce the
number of authorized vouchers in the bill from 150,000 to 20,0000
failed.
On July 9, 2009, the House Financial Services Committee held a hearing
on the TARP for Main Street Act of 2009 (H.R. 3068), proposed
legislation that would use dividends from the Troubled Asset Relief
Program (TARP) to fund various federal housing programs, including $1
billion FY10 funding for the National Housing Trust Fund (NHTF),
homeowner foreclosure assistance and the Neighborhood Stabilization
Program.
The American Association of Homes and Services for the Aging’s Institute for the Future of Aging Services (IFAS) recently received a grant from The SCAN Foundation to investigate if the combination of health education and service coordination in affordable senior housing can help residents maintain their independence.
The U.S. Department of Housing and Urban Development (HUD) held a mid-July 2009 kick-off Webcast to hear the concerns of the housing advocacy and civil rights communities, among others, as it develops proposed regulations this fall to bolster the Affirmatively Further Fair Housing (AFFH) program. Most of AAHSA’s subsidized housing provider members are required to have Affirmative Fair Housing Marketing Plans (AFHMP) for their developments.
The FY2009 funding announcements for HUD's Section 202, Section 811, Assisted Living Conversion and Service Coordinator Programs were posted HUD on Sept. 2, 2009.
AAHSA has submitted comments on the Administration's Choice Neighborhoods Initiative proposal encouraging a greater focus on making the new program work for senior housing and services. The new program will replace the HUD HOPE VI program, which funded the redevelopment of public housing.
AAHSA submitted the following comments to HUD on the department's 2010-1015 draft Strategic Plan. The department enlisted HUD staff and stakeholders to discuss and provide feedback on the draft mission, vision, and strategic goals that will govern the department through 2015.
The Elderly Housing Coalition (EHC) represents a group of national organizations that advocate for affordable, supportive housing options for senior citizens. EHC members know first hand that it takes many important and varied components and partners to build a successful, sustainable community. The Elderly Housing Coalition appreciates this opportunity to comment on HUD’s 2010-2015 draft strategic plan. Our suggestions are noted below.
HUD unveiled a new discussion forum, HUD Ideas in Action, to allow HUD’s partners to share and discuss ideas, and then vote the best ones for action by the department.
On Dec. 13, 2009 Congress reached agreement on six of the seven remaining FY10 appropriations bills. The omnibus bill, H.R. 3288, includes the Transportation, HUD funding legislation and has been sent to the President for his signature.
AAHSA has asked Congress to include additional funding for the HUD Green Retrofit Program (GRP) in a new “jobs bill” supported by the administration. The program, which originated in the 2009 stimulus bill, the American Reinvestment and Recovery Act (ARRA), provided funding for the “greening” of federally assisted housing.
AAHSA expects a major affordable housing preservation bill to be
introduced in early 2010. The bill which has been assembled by
Congressman Barney Frank (D-Mass.), chairman of the House Financial
Services Committee, will include the Section 202 reform provisions
supported by AAHSA and will be a major focus of the 2010 FASC policy
agenda.
Affordable and convenient SHCM Webinars are available in January of 2010.
In early January 2010, AAHSA members and AASHA housing staff attended U.S. Department of Housing and Urban Development (HUD) stakeholder meetings about the department’s plan to transform the rental assistance programs. HUD Secretary Shaun Donovan, Senior Advisor to the Secretary Barbara Sard, and Deputy Assistant Secretary for Multifamily Housing Carol Galante unveiled a process that entails rethinking HUD’s rental assistance programs, on the expectation that a more “user-friendly” product will not only enhance HUD’s role as a partner but will also facilitate the preservation and development of HUD-assisted multifamily housing.
HUD’s December 2009 Breakthroughs newsletter highlights preservation strategies by the local governments in California, Illinois and Vermont.
The four part Specialist in Housing Credit Management (SHCM) webinar series ends on Jan. 28, 2010, with a final session on “Monitoring and Compliance.”
On Jan. 12, 2010, HUD Secretary Shaun Donovan announced the first Green Retrofit Program (GRP) grant funded under the American Recovery and Reinvestment Act of 2009 (ARRA). The
To prepare for the 2011 reauthorization of the Older Americans Act (OAA), the Administration on Aging will host a series of Reauthorization Listening Forums to get input from providers, policy makers and the public on how the programs are working and any changes that should be made.
HUD Deputy Assistant Secretary (DAS) for Multifamily Housing Carol Galante will speak at the Future of Aging Services Conference (FASC) Housing Policy Forum on Monday, February 22, 2010 at 1:00 PM. Galante, formerly the President and CEO of BRIDGE Housing, a non-profit developer of affordable housing in California, assumed the DAS position last year.
The Low Income Housing Tax Credit Program (LIHTC) has struggled since the economic downturn. Several affordable housing projects came to a stop when the investor pool dried up and developers struggled to restructure deals. Congress tried to address some of the problems in the America Reinvestment and Recovery Act (ARRA), last year’s stimulus bill, with gap financing and tax credit exchange programs.Now Congress is poised to take up new legislation to try to stimulate the LIHTC program to spur development and jobs.