Weekly Update for September 17, 2021
This week in affordable housing news…: State update: Only a few days after his victory in this week’s recall election, Governor Newsom signed a package of high-profile housing bills and announced the launch of the new “California Housing Accelerator”—a $1.75 billion fund that aims to expedite construction of roughly 6,500 shovel-ready affordable housing projects stalled […]
Weekly Update for September 3, 2021
This week in affordable housing news…: State update: A new poll released this week by the Public Policy Institute of California finds 58% of likely voters in California say they would vote against recalling the governor in the September 14 election, while only 39% of likely voters support removing him from office. The Los Angeles […]
Federal Update for September 2021
The Biden Administration unveiled an updated plan this week for building and rehabilitating nearly 100,000 additional units of affordable housing, on top of the more than one million affordable units that would be produced by the Build Back Better package moving through Congress. The Administration plan includes the relaunch of a Treasury/HUD program to provide low-cost […]
Weekly Update for August 27, 2021
This week in affordable housing news…: State update: The Legislature voted to advance two high-profile zoning bills from last year’s Senate housing package—SB 9 (Atkins) and SB 10 (Wiener)—that stalled in 2020 at the end of the COVID-shortened session. Both bills were approved by the Assembly and have now returned to the Senate on concurrence. […]
Federal Update for August 2021 from David Gasson
It is getting busy now! In past updates I indicated there would come a time when the legislative activity in our nation’s capitol was fast and furious. Well, it is August, a month when activity in Washington typically comes to a halt as Senators and Members of Congress flee the beltway for home, vacations & “fact […]
Weekly Update for August 13, 2021
This week in affordable housing news…: State update: CHC submitted comments on the MHP Draft Guidelines last week. While we appreciate the effort made by the Department to quickly release regulation updates and NOFAs for the program and to begin implementation of AB 434, we are concerned that these draft Guidelines are overly prescriptive in […]
Weekly Update for August 6, 2021
This week in affordable housing news…: State update: A RAND study released this week finds strict hiring requirements on Proposition HHH projects in Los Angeles has led to thousands fewer affordable homes being built. Five years after LA voters approved a $1.2 billion bond earmarked for 10,000 units of affordable and permanent supportive housing, RAND […]
Weekly Update for July 30, 2021
This week in affordable housing news…: State update: Another timely CalMatters story explores one of the major unresolved issues in this year’s legislative session: Why are key California affordable housing bills still getting bottled up? With negotiations between the Assembly and Senate continuing on several key bills in the Senate housing package, CalMatters highlights new […]
Weekly Update for July 23, 2021
This week in affordable housing news…: State update: Governor Newsom signed this year’s final housing budget trailer bill this week, directing billions of dollars toward sheltering lower-income Californians in what his office called “the largest funding and reform package for housing and homelessness in California history.” The 2021-22 budget includes several noteworthy investments in affordable […]
Federal Update for July 2021
The Office of the Comptroller of the Currency announced this week that it will rescind Community Reinvestment Act reform proposal released during the Trump administration—with Acting Comptroller of the Currency Michal Hsu calling the controversial Trump-era rulemaking effort “a false start.” The OCC released an interagency statement with the Federal Reserve and FDIC saying all three banking […]