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July 23- The House of Representatives passed today a massive housing bill which contains, among other public housing related items, GSE reform, the creation of a National Affordable Housing Trust Fund, FHA reform, $4.1 billion dollars for communities deluged with foreclosures and language which gives time to craft down payment assistance program reform. Hats off to Maxine Waters who led an incredible effort to ensure the bills passage.
July 20-A proposal for the public housing museum, which first came to public attention four years ago, is gathering steam, though "not in my backyard" opposition still could thwart it. The CHA's Board of Commissioners, which has agreed to donate the building to the non-profit, is expected to turn over control of the site Aug. 19, museum organizers say. They are further heartened because two Illinois Democrats, U.S. Sen. Dick Durbin and U.S. Rep. Danny Davis.
July 15-Last Friday evening the Senate approved a comprehensive housing bill that includes the Housing Trust Fund. Because the bill is different than the House passed version and does not contained needed money for foreclosed ravaged neighborhoods, more work is needed.
July 8-In an effort to prevent a repeat of the current mortgage mess, the Fed will next week issue new rules aimed at protecting future homebuyers from dubious lending practices. The new lending rules will crack down on a range of shady lending practices that has burned many of the nations riskiest subprime borrowers those with spotty credit or low incomes who were hardest hit by the housing and credit debacles. The plan would apply to new loans made by thousands of lenders of all types, including banks and brokers.
July 2--Special Offer! Anyone who takes out a new individual NOAAH membership before September 1,2008 will receive an individual membershp for NOAAH and a conference registration for a total package of $300. The regular NOAAH individual annual membership fee is $150 and the non-public housing resident conference fee is $250. This is a savings of $100 .
Fair Housing Task Force Financial Strategy Task Force Healthy Home Initiative Task Force
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