#165 Spring 2011 — Fair Housing

Funding the Fund?

The president has included $1 billion for the National Housing Trust Fund in his FY12 HUD budget, as he did in FY10 and FY11, giving the fund, which was created […]

The president has included $1 billion for the National Housing Trust Fund in his FY12 HUD budget, as he did in FY10 and FY11, giving the fund, which was created in the Housing and Economic Recovery Act of 2008 but not funded, another shot at getting the $1 billion in capitalization advocates have been fighting for for years.

The challenge, as with previous years, is to pass a budget “offset” legislatively since it is on the mandatory side of the budget so as not to compete with existing HUD programs. Last year tries included the Dodd-Frank financial reform bill, NSP3, and the extension of the Bush tax cuts of all things, from which it was dropped at the last minute. The NHTF campaign says it will accept any offset that “does not involve cuts to other services or benefits for low-income people.” Third year’s the charm?

OTHER ARTICLES IN THIS ISSUE

  • A Windfall for Los Angeles Landlords “Burdened” with Rent Control

    March 30, 2011

    A Los Angeles councilman says rent control places undue burdens on landlords and proposes a plan to reduce their tax burden.

  • The Rising Tide of Bank Protests

    March 30, 2011

    Despite Dodd-Frank and the Consumer Financial Protection Bureau, distrust for the banking industry in the United States remains palpable, and now we’re beginning to see a sustained, organized counterattack. Bank […]

  • Integrating Schools Is a Matter of Housing Policy

    March 30, 2011

    Inclusionary zoning and economic integration in suburban neighborhoods not only reduces concentration of poverty, it directly improves low-income children's academic achievement.