At NAHRO Conference, Sec. Carson calls for less regulation; discusses more holistic community development approach
The President of the National Low Income Housing Coalition (NLIHC), Diane Yentel, released a statement last week in response to the Trump administration’s budget proposal, specifically regarding the previously mentioned cuts to (and of) key housing assistance programs at HUD. The official position of the NLIHC is “[the budget proposal] is the wrong approach. Mr. Trump and Congress should be increasing investments in affordable homes-not dramatically cutting resources”. Yentel and the NLIHC further implored Congress to reject the proposed cuts, should they remain a part of the final budget proposal, citing them as “unacceptable”. The statement put out by Yentel and the NLIHC also highlights Secretary Carson’s previous commitment to maintain existing HUD programs, and to refrain from any drastic cuts until an alternative program is created in its place.
A Significant Impact to Affordable Rental Housing
The state of New Jersey has introduced a bill that would significantly impact affordable housing across the state. Senate, No. 1585 is seeking to establish guidelines for creditworthiness determinations concerning government subsidized housing programs. The new restriction is intended to aide applicants who have poor credit history so their chances of receiving government assistance are improved.