 Greetings,
It has been excruciating to watch our government paralyzed by legislative inaction, but as bad as the shutdown was, Congress's systematic under-funding of key HUD programs is even worse. The effects of sequestration and a series of continuing resolutions have forced HUD to "short-fund" Project-Based Section 8 contracts, pushing off an ever-larger share of funding needs into future years. For FY14, a continuing resolution at FY13 levels would provide just 77% percent of what's needed to fully renew all existing obligations - making it urgent that Congress provide full funding, or face the prospect that HUD may run out of money in the Section 8 account before FY2014 ends.
Amid the constant threats to our most essential affordable housing programs, it's a good time to publicize our successes. We just celebrated the 27th anniversary of the creation of the Low Income Housing Tax Credit -a singularly effective and efficient government program that best symbolizes success. Here's my blog post on the Bipartisan Policy Center Housing Commission Expert Forum.
POAH continues to focus on the work ahead and we are pleased to share our news with you this month.
Amy Anthony, President |
POAH's 2012 Massachusetts preservation wins first place in Readers Choice contest
POAH's preservation of an 841-unit affo  rdable housing portfolio in Massachusetts has captured the top prize in Affordable Housing Finance magazine's 2013 Readers' Choice Awards for the nation's best developments of 2012-2013. |
Meet POAH's new board members
Jarrett Barrios and Estelle Richman joined the of POAH Board of Directors in July. As they complete their first 90 days on the board we asked them to share their views about POAH's goals and activities. read the interviews |
Cost containment, preserving the LIHTC, common themes at Housing Agency conference |
Patricia Belden
POAH Managing Director and Chief Operating Officer
 Cost containment and concern about preserving the Low Income Housing Tax Credit were common themes across conference workshops at the National Council of State Housing Agencies 2013 Housing Credit Connect Conference in San Francisco this summer.
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POAH continues revitalization on the South Side of Chicago
The Cottage Grove Avenue corridor continues to be a bustling place, with another phase of development nearly complete and two more buildings underway in the coming months.
By year's end, all of the original Grove Parc Plaza apartments south of 61st Street will have been demolished, to be replaced with attractive new construction in their place and continuing the transformation of this neighborhood.
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