In Affordable Housing Finance's article "Turning Point for Public Housing," CLPHA' Executive Director Sunia Zaterman says of the massive capital needs backlog facing public housing authorities that “[t]he handwriting has been on the wall. The funding levels were not sustainable."
From the City of Fort Worth, TX's website:
Fort Worth Housing Solutions will open Campus Apartments, its newest affordable housing community, near Tarrant County College-South Campus in late March.
The 224-unit community features 10 market-rate units and 214 units for households earning less than 60 percent of the area’s median income. Fifteen of the affordable units will be new homes for families relocating from Butler Place Apartments under HUD’s Rental Assistance Demonstration program.
Yesterday, CLPHA submitted comments on the Draft Revision 4 to the Rental Assistance Demonstration Notice regarding conversion of Section 202 project rental assistance contracts, which were prepared with our counsel, Reno & Cavanaugh, PLLC. The comments underscore CLPHA members’ depth of experience across all aspects of RAD and CLPHA’s unique qualifications to comment on the RAD 4 notice, and include a series of observations, suggestions, and requests for clarity of certain individual Notice provisions.