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Monthly Newsletter - September 15, 2011

Federal News 


Obama Proposes American Jobs Act; Project Rebuild Aims to Revitalize Vacant Properties.  President Obama proposed the American Jobs Act in speech to a joint session of Congress on September 8. The $447 billion package includes $250 billion in tax incentives for small businesses and employers. It also devotes funding to infrastructure spending, statewide aid, unemployment insurance, and neighborhood rehabilitation. One innovative component is Project Rebuild, a $15 billion project that would leverage private capital to finance the rehabilitation of foreclosed and abandoned homes and businesses and put construction workers back to work. Project Rebuild aims to stabilize communities by focusing on distressed commercial properties and redevelopment, providing increased support for land banking, establishing property maintenance programs to create jobs and mitigate "visible scars" left in vacant and abandoned properties, and provide federal funding to support some for-profit development. Initially it would help communities with the largest number of foreclosed homes. One initiative gaining support with lawmakers in both parties is for the Federal government to work with Fannie Mae, Freddie Mac, and the mortgage industry to help more people refinance at current low interest rates of about four percent. Read the White House Fact Sheet.


House Appropriations Subcommittee Approves THUD Bill That Cuts HUD's Budget - Especially Public Housing. On September 8, the House Supcommitte on Transportation, Housing and Related Agencies approved the FY2012 Transportation, Housing and Urban Development Appropriations Bill. The bill would provide more than $38 billion for HUD programs in FY 2012, approximately $3 billion less than the FY 2011 enacted funding level and almost $4 billion lower than the president's requested funding. It would eliminate funding for the U.S. Interagency Council on Homelessness, HOPE VI and the Choice Neighborhoods Initiative. The housing counseling program, which was eliminated from the FY2011 budget, would not be restored. The bill would cut the Public Housing Capital Fund and the HOME Program by 25% below FY2011. Homeless Assistance Grants, Community Development Block Grants and Housing Opportunities for Persons with AIDS would remain at FY 2011 funding levels. Section 202 Housing for the Elderly would increase by 50% over FY2011 and Section 811 Housing for Persons with Disabilities funding would increase by 31% over FY2011. Read the Appropriations Committee press release, the NLIHC FY12 Budget Chart for Selected HUD Programs, and the Enterprise Summary.  


Census Bureau Reports 46.2 million Americans Lived Below Official Poverty Line Last Year. This is the highest number in the 52 years the bureau has been tracking poverty. Another 2.6 million people slipped into poverty in the United States last year and median household incomes fell to levels last seen in 1997, according to the Census Bureau report released on September 13. Read the New York Times article.  


HUD Awards First-Ever Choice Neighborhood Implementation Grants. Five cities will receive a combined $122 million to redevelop distressed housing and bring comprehensive neighborhood revitalization to blighted areas. Chicago, Boston, New Orleans, San Francisco and Seattle will receive the first-ever Implementation Grants awarded under HUD's Choice Neighborhoods Initiative, a new strategy and tools to support local leaders in transforming high-poverty, distressed neighborhoods into neighborhoods with healthy, affordable housing, safe streets, and access to quality educational opportunities. The awardees were announced by HUD Secretary Shaun Donovan on August 31. Read the HUD press release.



NACEDA Joins Campaign for Housing and Community Development Funding Advocacy Effort. NACEDA members are participating in meetings with members of the Congressional Super Committee on debt relief, the 12-member panel charged with finding an additional $1.5 trillion in debt savings over a ten-year period. The meetings were organized by the Campaign for Housing and Community Development Funding to advocate for HUD, USDA and other federal agencies receiving resources necessary for critical community development programs. The meetings involve the following NACEDA members and their elected officials: Texas Associations of CDCs and Rep. Jeb Hensarling (R-TX): Ohio CDC Association and Sen. Rob Portman (R-OH), South Carolina Association of CDCs and Rep. James Clyburn (D-SC); Community Economic Development Association of Michigan and Rep. Dave Camp (R-MI) and Fred Upton (R-MI), the Housing Alliance of Pennsylvania and the Philadelphia Association of CDCs and Sen. Pat Toomey (R-PA). The meetings are taking place in September and early October.   


TD Bank Awards NACEDA $50,000 Learning and Action Program Grant.
For the second year, the TD Charitable Foundation has awarded NACEDA a grant to help build the capacity of its members to lead strong community development and housing networks. This year's grant will focus on professional development opportunities for our members. Last year's grant funded visits to Texas, California, Alabama, Ohio, and Maryland by Executive Director Sam Yoon and Program Associate Frank Woodruff. Sam and Frank shared their experiences visiting NACEDA members and their members via video blogs on YouTube. Thank you TD Bank!

Citi, NACEDA and Opportunity Finance Network Host Free, Interactive Webinar on Community Development Finance Institutions on September 28. The webinar is part of an initiative by Citi and NACEDA to use new media to provide educational tools for members of the community development field. The CDFI webinar will feature Laura Sparks, Director of Development Finance Initiatives for Citi Community Development, Amir Kirkwood, Director of the Municipal Securities Division of Citi Community Capital, Mark Pinsky, President and CEO of Opportunity Finance Network, and Sam Yoon, Executive Director of NACEDA. The next collaborative webinar will discuss the Community Reinvestment Act. Read the announcement to get more information and register for the CDFI webinar.



Partner News 


NeighborWorks America Awards $34.9 Million in Affordable Housing Grants to Housing Nonprofits. NeighborWorks America awarded $34.9 million in grants to 115 local NeighborWorks organizations to finance the rehabilitation of affordable housing nationwide, including smaller and rural communities with affordable housing needs. The Capital Funding for the Rehabilitation of Affordable Housing grants are also expected to jump start local economies through the creation of more than 1,000 jobs, and produce in excess of  $300 million in economic activity. Learn more on the NeighborWorks America website.


Member News 


Indiana's Statewide Conference on Housing and Community Economic Development Features Midwest Summit Day. The September 20 Summit will include community economic development professionals from surrounding states, including representatives from the Ohio CDC Association and the Community Economic Development Association of Michigan. NACEDA Executive Director Sam Yoon will discuss the view from Washington along with a representative of the National Low Income Housing Coalition. The conference is co-hosted by the Indiana Association for Community Economic Development and the Indiana Housing and Community Development Authority. Read the conference summary.


CDAM Launches TV Show: The Bright Side. The Community Economic Development Association of Michigan (CEDAM) is putting a positive spin on Michigan by producing a TV show titled The Bright Side. "The show was created to refute all of the negativity that is in the media about Michigan and to showcase the incredible people, organizations, and places in our State," said Brian McGrain, Associate Director and COO of CEDAM. The Bright Stide currently airs online, on Lansing's City TV, and will soon air on the local Comcast channel. Read more about it and watch the first three episodes on



Events & Educational Opportunities 


HUD Webcast on Multifamily Energy Innovation Fund NOFA - September 19, 11-12:30 EDT. HUD will present highlights of the Energy Innovation NOFA and answer questions. Pre-registration is not required. NOFA and webinar information 


Enterprise Live Online Webinars:
HUD NSP TA Series - Series from September 20-November 1
High Performance Building Trends in Green Affordable Housing - September 29
Green Communities Best Practices Series: Carbon Emissions Reduction - October 26
Registration and information
 for the webinars listed above. 

Green Refinance (and Acquisition) Plus Opportunities - October 12. 

Registration and information for the Green Refinance webinar.


The Next Frontier In Community Investment - September 22-23 in Washington, DC. National Association of Affordable Housing Lenders' 2011 Washington, DC Leadership Summit. Registration and information


Solutions for Sustainable Communities: 2011 Learning Conference on State and Local Housing Policy - September 26-28 in Washington, DC. Presented by the National Housing Conference and Center for Housing Policy. Keynote by HUD Secretary Shaun Donovan. Registration and information


Bring Workers Home Regional Policy Forums - September 28 in Washington, DC; December 1 in Portland, OR. Presented by the National Association of Realtors and National Housing Conference to highlight innovative workforce housing strategies from around the country. Registration and information


National Council of State Housing Agencies Conference - October 1-4 in San Diego, CA. 2011 Annual Conference and Showplace. Registration and information


U.S. Green Building Council Affordable Housing Summit - October 4-5 in Toronto, Canada. Summit focuses on multifamily retrofits, financing strategies for green affordable housing, and proven design and construction techniques aimed at ensuring long-term affordability and improving living conditions. Registration and information   


Rail-Volution 2011: Building Livable Communities With Transit - October 16-19 in Washington, DC. Registration and information


How Housing Matters - November 2 in Washington, DC.H A project of the National Building Museum, the John D. and Catherine T. MacArthur Foundation and HUD's Office of Policy and Research. Registration and information


Free NDC New Market Tax Credit Training Course -- November 29 - December 1 in San Antonio, Texas. Alamo Area Mutual Housing Association partnered with Citi and the National Development Council (NDC) to host this free three-day course. Registration and information


Publications & Resources


Toolkit to Promote Sustainable and Equitable Development,


NLIHC Current Issue Fact sheets: The following fact sheets were updated in September: National Housing Trust Fund, Housing Choice Vouchers; Preservation of HUD-Assisted Housing; Public Housing, FY12 Budget and HUD Appropriations; Low Income Housing Tax Credit. 

Employment Opportunities


Director of Resident & Community Organizing, East Bay Housing Organizations (EBHO), Oakland, CA. Responsible for researching, designing, implementing and coordinating a leadership development program to support affordable housing residents and allies as affordable housing advocates and engage them in EBHO's campaigns and programs. Will work extensively in the field with residents, EBHO members and their site staff, and coalition partners to identify interested residents; conduct recruitment, outreach and training; create education tools; and engage residents and allies in EBHO's policy advocacy campaigns and coalitions. Read the full announcement.
Director of Partnerships, Interise, Boston, MA. Interise takes an innovative and entreprpreneurial approach to economic revitalization in lower-income communities by helping existing and small employers plan, achieve, and manage long-term growth. The Director of Partnerships will lead Interprise's national expansion. The successful candidate will have demonstrated success in developing and managing income-generating partnerships with government, anchor institutions, and national agencies. Read the full announcement.


National Alliance of Community Economic Development Associations

phone: (202) 659-7701