March 6, 2013
Policy campaign to advocate for the adoption of a Housing Tax Reform Proposal: Alert
February 9, 2012
SEND A VALENTINE TO HUD – HOME RULES COMMENTS DUE FEBRUARY 14TH!
HUD has issued proposed changes to the HOME Rules for comment. COMMENTS ARE DUE FEBRUARY 14TH. HUD’s goal for the rules changes is to improve performance and accountability of HOME-funded projects. Many of you use HOME funds for development financing and down payment assistance. Others have faced barriers to accessing HOME funds because of disincentives in the rules for long-term affordability.
Therefore, the National CLT Network has drafted a response to the proposed rules changes and encourages you to use THIS TEMPLATE to submit your own letter to HUD. Just add your organization’s information in the highlighted sections on the first and last page and put on your letterhead. Feel free to add your own comments as well.
To submit electronically (preferred) go to http://www.regulations.gov/#!searchResults;rpp=10;po=0;s=HUD-2011-0157-0001 and select “Submit a Comment”. You can insert a comment in the web form and/or attach your letter. Alternatively, you can mail your comments to the address on the letter.
Please also forward a copy of your comments/letter to Jessica Grant at Jessica@cltnetwork.org so we can keep track of our impact.
The full proposed HOME rules changes can be found at: http://www.gpo.gov/fdsys/pkg/FR-2011-12-16/pdf/2011-31778.pdf. The Network’s letter:
- Encourages HUD to define CLTs in the HOME rules.
- Supports HUD's proposal to review and approve jurisdiction's resale or recapture structures but we suggest that they develop clearer guidance about the range of policies that will be approved.
- Supports HUD's proposal to allow jurisdictions to impose monitoring fees on rental properties but suggests that they authorize similar fees (within limits) for ownership units.
- Offers alternatives to a proposed requirement that homes not sold to an eligible buyer within 6-months of project completion be converted to rental.
- Supports a proposed mandate for homebuyer education and counseling.
- Encourages HUD to take a number of other steps (beyond the proposed rules changes) to encourage more jurisdictions to preserve long term affordability.
We want to thank members of the Network’s Policy Committee and our partners at Center for Housing Policy, NCB Capital Impact, and National NeighborWorks Association for helping us develop these comments!
November 7, 2011: FHA Update and Call to Action: Send a letter to the FHA Commissioner
September 8, 2011: FY2012 Spending Bill
July 19, 2011: QRM Comments
June 23, 2011: FHA Update
May 18, 2011: HOME Funds
April 28, 2011: 2012 Budget - PLACE
February 2, 2011: QRM Proposed Rule