Home Builder News

Shutdown could stall affordable housing funds

It’s been about a decade since the last housing crisis, and economists warn that another national housing crisis is upon us. RELATED: Is the government shutdown affecting. bill is proposed to keep.

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The GSA does have access to “carryover funds” that allow the agency to continue its real estate functions during the shutdown. term it could make operations for some of the private owners of rental.

In most cases, the short-run impacts will be minor. A long-run shutdown, lasting several weeks or a month or more, could have significant impacts on mortgage accessibility and reduce housing demand. In general, NAHB members should expect delays for any housing-related federal government programs that are still operating and plan accordingly.

Millions of low-income renters will find themselves in dire straits if the partial shutdown of the federal government does not end soon. Some affordable housing properties have already had their rental assistance frozen, and most federal housing assistance funding will run out by the end of February.

A prolonged impasse over the state budget could jeopardize affordable housing construction projects in low-income. year keeps flowing under a 2017 law designed to avoid a government shutdown. The.

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How the Shutdown is Hurting Public Housing Planned affordable housing projects are experiencing shutdown-related delays, and deals may fall through if the federal government doesn’t re-open soon.

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Government Shutdown Could Jeopardize Housing for Durham Section 8 Residents. housing developments and subsidize the rents of low-income tenants may be available.. has the funds to pay.

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Impacts of Government Shutdown on affordable housing programs january 11, 2019 The Campaign for Housing and Community Development Funding (CHCDF) urges Congress to end the government shutdown and enact clean, full-year FY19 spending bills for the Departments of Housing and Urban Development (HUD) and Agriculture (USDA) as soon as possible.

We could. affordable housing – as Salt Lake City continues to grow in this hot housing market? "Support the current.