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04.12.2021
Rep. Marcia Fudge of Ohio has been confirmed as the new HUD secretary. A long-time champion of HUD funding, particularly the HOME program, Secretary Fudge formerly served as the chair of the Congressional Black Caucus.
Recovery Relief
The $1.9 trillion American Rescue Plan Act which was signed into law on March 11th included $21.5 billion in Emergency Rental Assistance of $21.5 on top of the $25 billion added in December 2020. New York State including all localities will get $1.3 Billion. See the recently passed state budget for more information. An additional $5 billion will be targeted to hard hit areas.
Additionally, states and localities will receive a share of the $5 billion in Homeless Housing relief. This will be distributed according to the HOME formula. We anticipate about $271 million for New York City and approximately $74 million for New York State. About 20 other localities will receive a portion. These funds can be used for capital acquisitions, including supportive housing and/or rental assistance.
Direct aid to states and localities totaling $375 billion was also included. Of that an estimated $12.6 billion will come to New York State, and $4.3 billion to New York City.
Additionally, President Biden signed a number of executive orders undoing the previous administration’s harmful actions pertaining to housing, including extending the eviction moratorium and disallowing discrimination based on sexual orientation and gender identity.
Infrastructure Act
The Biden team released their plan for a bold infrastructure bill that includes $213 billion for housing, including major investments in affordable housing through the National Housing Trust Fund and capital funding for public housing revitalization. The Network has joined the National Low Income Housing Coalition’s HoUSed Campaign to promote rental assistance for all as well as major increases to the NHTF.