June 5, 2018

Community Developments: HUD Awards $20 Million to Support Homeless Programs in Puerto Rico & Virgin Islands

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  • Yesterday HUD awarded nearly $20 million to support homeless housing and service programs in Puerto Rico and the U.S. Virgin Islands. Awarded through the Continuum of Care grants, these funds will provide critically needed housing and support services to individuals and families experiencing homelessness across the territories, including those impacted by Hurricanes Maria and Irma. HUD previously awarded Puerto Rico nearly $20 billion to support long-term disaster recovery following last year's hurricanes. (HUD, June 4)
     
  • In an op-ed, Enterprise Community Partners Vice President and New York Market Leader Judi Kende and New York City Comptroller Scott M. Stringer call for offering tenants who pay rent on time an opportunity to report their on-time payments to credit bureaus with the goal of improving their credit scores. The op-ed highlights Making Rent Count, a new program launched by the city comptroller's office and advanced in partnership with Enterprise. The comptroller's office estimates that 76 percent of the city’s tenants could improve their credit score, and therefore access to credit, by including rent payments in their credit history. Kende and Stringer note that this effort could help “thousands of families find their financial footing and making New York a stronger, more equitable city.” (Crain’s New York Business, June 5)  
     
  • CoreLogic has released its Home Price Index (HPI) data for April 2018, which show that home prices are up both year-over-year and month-over-month by 6.9 and 1.2 percent, respectively. The CoreLogic HPI Forecast indicates that home prices will increase by 5.3 percent between April 2018 and April 2019. According to the index, states with the highest year-over-year increases in April were Washington (12.8 percent), Idaho (12.4 percent), Nevada (12.2 percent) and Utah (11.5 percent). The analysis also points out that price gains for lower-priced homes outpaced those of higher-priced homes, noting that lowest price tier increased 9.3 percent year over year, compared with 8.5 percent for the low- to middle-price tier, 7.1 percent for the middle- to moderate-price tier, and 5.7 percent for the high-price tier. (CoreLogic, June 5)

In Case You Missed It

  • Earlier this month Enterprise hosted a two-part webinar on Opportunity Zones: Part 1, State and Local Policies to Prevent Displacement, discusses anti-displacement policies that help ensure existing residents and businesses can benefit from, and participate in, the growth and economic development that occurs in a community; Part 2, State and Local Policies to Attract Investment, discusses policies that can be pursued at the state and local level to attract investments to specific communities or projects through the creative use of incentives. Access the webinar’s recording on the Enterprise website and visit our Opportunity Zones webpage for more information and updates. 
     
  • The Senate Appropriations Committee will mark up its FY 2019 Transportation, Housing, and Urban Development (THUD) spending bill on Thursday morning. Enterprise urges stakeholders to reach out to Senate Appropriators to voice their support for robust funding for essential programs like the HOME Investment Partnerships Program, the Community Development Block Grant Program, the Section 4 Capacity Building Program, and Section 8 Housing Choice Vouchers. The Senate’s FY 2019 THUD bill follows the House version, which provided mostly level funding for housing and community development programs. For more information on the House bill and the appropriations process, see Enterprise’s blog post.

For the latest housing and community development news and notes, follow the Enterprise policy team on Twitter: @E_Housing Policy and subscribe to the Capitol Express Newsletter. The Enterprise Public Policy team works to safeguard, expand and improve programs that end housing insecurity. Learn more about our public policy efforts.