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Thursday, December 15, 2005

"Worst case need" no worse than in '95?

In a recent flurry of HUD press releases:

- HUD has released an "Affordable Housing Needs" report to Congress stating there are no more than 5.18 million households with "worst case needs" for housing -- slightly fewer than the agency reported in 1995. "Severe rent burden, not severely inadequate housing, is the only priority-housing problem for most (91 percent) [of] households with worst case needs." (Housing advocates and providers, does this match your experience out there?)

- A release dated Monday summarized final results in HUD's assessment of the GSEs' compliance with 2004 housing goals. It said Fannie Mae and Freddie Mac both counted as having complied, "but the Department penalized Freddie Mac's 2004 performance for Freddie Mac's failure to obtain HUD's approval during the 2004 performance year before counting certain mortgage purchases." (Note that the Office of Federal Housing Enterprise Oversight released its fiscal 2005 Performance and Accountability Report on the GSEs back on Nov. 15.)

- An announcement headlined as a HUD-HHS agreement "aimed at protecting HUD rental housing resources" turns out to mean that HHS will let HUD can use its New Hires database to catch tenants who don't report employment income.

- HUD has signed a statement of support for its employees who are military reservists, including keeping their jobs open and continuing their benefits during reservists' active service.
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