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Showing posts from May, 2009

Weatherization of Multifamily Housing: A Unique Opportunity to Help Low Income Families and Reduce Energy Consumption

Thanks to the National Housing Trust The National Housing Trust has a briefing paper on the new Weatherization money. As NHT states, the money should be targeted to preserving affordable multifamily housing. It can be an extremely important piece of financing for preservation of existing multifamily housing. The following is an excerpt from the National Housing Trust paper. The American Recovery and Reinvestment Act (ARRA) included a dramatic increase in funding for Weatherization. But many state policies will need to change for families and seniors in multifamily housing to benefit. One-third of households are renters and energy retrofits of rental housing are eligible under the Weatherization program. Older multifamily housing- which is home to many of our nation’s low and very low-income residents- is at risk from disrepair and in need of renovations. But in many states, Weatherization funding has significantly favored single-family housing. Right now, state administering agenc...

Tenants in Foreclosure Protection Passes U.S. Senate

Thanks to the National Law Center on Homelessness and Poverty S. 896, the Mckinney Act reauthorization bill, as passed by the Senate on May 6, 2009 also included an important renter protection amendment offered by Senator John Kerry (D-MA). Senator Kerry's amendment would require that in any foreclosure made "on a federally-related mortgage loan or on any dwelling or residential real property after the date of enactment", tenants in such dwellings with bona-fide leases or tenancies would have the right to remain in the unit for the remainder of their lease and would have the right to 90 days notice prior to eviction. A recent review of state foreclosure laws by the National Law Center on Homelessness & Poverty and the National Low-Income Housing Coalition found that renter notification laws are uneven across states and in only a few states did tenancy survive foreclosure (for a copy of the report click here, Without Just Cause .) The Senate passed its version of S. ...