Weekly Update for November 19, 2021
This week in affordable housing news…: State update: California is expected to have a $31 billion budget surplus next year, according to a fiscal outlook release this week by the Legislative Analyst’s Office. While there are some limits on how much incoming revenue can be spent, the LAO projects operating surpluses of between $3 billion […]
Weekly Update for November 12, 2021
This week in affordable housing news…: State update: Project Homekey received a new round of scrutiny this week from the San Jose Mercury News, which highlights the challenges housing providers are experiencing in converting hotels purchased during the pandemic to permanent affordable housing for the homeless. Most of the first $850 million for Homekey projects […]
Weekly Update for November 5, 2021
This week in affordable housing news…: State update: One of this year’s CHC-sponsored bills, AB 215 (Chiu), was highlighted as a critical part of the new state “Housing Strike Force” announced this week by Attorney General Rob Bonta. The new Strike Force, housed in the Department of Justice, will ramp up enforcement of state housing […]
Federal Update for November 2021
The Build Back Better legislation was amended this week to incorporate several major Low Income Housing Tax Credit provisions, which had been removed from previous versions of the bill. The current legislation now includes $12 billion for the Housing Credit, including several major reforms sought by housing advocates: Lowering the bond-financing threshold from 50% to 25 percent for […]
Member Update – Build Back Better
The White House and Congressional leaders began this week to release detailed legislative language of the near-final $1.75 trillion Build Back Better reconciliation legislation—which currently includes $150 billion for affordable housing programs. Federal advocates have noted, however, that one of CHC members’ top priorities—the $30 billion expansion of the Low Income Housing Tax Credit—is not […]
Weekly Update for October 22, 2021
This week in affordable housing news…: State update: California is likely to have another “historic budget surplus” next year, Governor Newsom said this week at a Milken Institute event, according to the Sacramento Bee. The state has already collected $14 billion more in tax revenue than expected in the current budget year, the governor said—a […]
Weekly Update for October 8, 2021
This week in affordable housing news…: State update: The U.S. Department of Housing and Urban Development (HUD) announced this week that it will continue to prohibit the eviction of tenants for nonpayment of rent from HUD-subsidized public housing and properties with project-based rental assistance even after the expiration this fall of state eviction moratoria. The […]
Federal Update for October 2021
The U.S. Department of Housing and Urban Development (HUD) announced this week that it will continue to prohibit the eviction of tenants for nonpayment of rent from HUD-subsidized public housing and properties with project-based rental assistance even after the expiration this fall of state eviction moratoria. The new HUD rule, published on Thursday, requires landlords to provide […]
Weekly Update for October 1, 2021
This week in affordable housing news…: State update: This week marked an “inflection point” in California’s response to the pandemic, reports CalMatters—as the state moves away from some of its highest-profile COVID-era safety net initiatives (including longstanding eviction moratoria, expanded unemployment benefits, and extensive paid sick leave programs) to a new phase of vaccination requirements […]
CHC is Hiring
We are currently accepting resumes for an open Policy Associate position. Click here to view the job description with the details on how to apply.