NAHMA published a NAHMAnalysis about the recent fiscal year 2020 funding bill, as well as highlights from HUD’s evaluation of the RAD program and an overview of approaches to protecting and expanding the rural affordable housing portfolio.
In late December, Congress completed the fiscal year 2020 (FY20) appropriations process, passing two major spending packages in both chambers. President Trump signed the legislation before the December 20th midnight deadline to fund the government and prevent a shutdown. Overall, the funding levels for both HUD and USDA are positive and maintain funding increases from FY19, despite both agencies facing significant cuts proposed in the administration’s FY20 budget request and the threat of yearlong continuing resolutions.
When the Rental Assistance Demonstration (RAD) program was launched in 2012, Congress mandated that HUD evaluate its impact “on the preservation and improvement of public housing, the amount of private sector leveraging as a result of such conversion, and the effect of such conversion on tenants.” This NAHMAnalysis highlights key findings from HUD’s recently published “Final Report: Evaluation of HUD’s Rental Assistance Demonstration (RAD).”
Across the country, rural communities are at a heightened risk of losing access to affordable housing. As rural affordable housing projects exit federal programs, Congress, federal agencies, and the housing industry have begun ramping up preservation efforts. This NAHMAnalysis looks at current approaches – through industry research, federal legislation and agency guidance – to protect and expand the rural affordable housing portfolio for residents, owners, and managers.