Budget cuts, 515 prepayments, and more
- "Operation Offset" -- the Republican program of social service budget cuts to pay for hurricane relief -- goes to a vote soonish. Definitely this week, possibly tomorrow. More legislative updates available from HAC News, which is newly out today.
- Also at HAC News, the Housing Assistance Council's own analysis finds that owners of Sec. 515 rural housing are prepaying their mortgages a little less aggressively. They count 1,812 units prepaid in fiscal 2005 compared with 2,812 in the previous fiscal year. Taken by itself, such a change would be encouraging to housing advocates because a prepayment frequently means that another landlord is giving up on the subsidized housing business. However, HAC writes, "The proportion of units prepaid with restrictive use provisions protecting current tenants against rent increases also dropped, from 72% in 2004 to 47% in 2005," and "For the third straight year, prepayments exceeded new production; 783 new units were financed in 2005."
- Other HAC News highlights include grants available from the AARP Foundation for nonprofit and government entities assisting seniors among victims of "the recent hurricanes on the Gulf Coast" (this written before Hurricane Wilma's mainland landfall).
- Big letter from nonprofits criticizing the anti-voter-registration provisions in HR 1461.
- An alternative weekly reports critically on San Francisco's response to hurricane victims.
- Also at HAC News, the Housing Assistance Council's own analysis finds that owners of Sec. 515 rural housing are prepaying their mortgages a little less aggressively. They count 1,812 units prepaid in fiscal 2005 compared with 2,812 in the previous fiscal year. Taken by itself, such a change would be encouraging to housing advocates because a prepayment frequently means that another landlord is giving up on the subsidized housing business. However, HAC writes, "The proportion of units prepaid with restrictive use provisions protecting current tenants against rent increases also dropped, from 72% in 2004 to 47% in 2005," and "For the third straight year, prepayments exceeded new production; 783 new units were financed in 2005."
- Other HAC News highlights include grants available from the AARP Foundation for nonprofit and government entities assisting seniors among victims of "the recent hurricanes on the Gulf Coast" (this written before Hurricane Wilma's mainland landfall).
- Big letter from nonprofits criticizing the anti-voter-registration provisions in HR 1461.
- An alternative weekly reports critically on San Francisco's response to hurricane victims.
posted by Martha Bridegam at 3:36 PM
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