Friday, July 30, 2010

NC SAVE$ Energy

One of our ongoing goals at NCHC is to promote energy efficiency measures that reduce utility costs, preserve and improve NC's affordable housing stock, and reduce carbon emissions. That's why we are a member of the NC SAVE$ Energy Coalition. NC SAVE$ Energy (HB 1050) is a proposal by consumer, social justice, housing, and environmental groups to create an independent (non-utility) energy efficiency program for North Carolina. As introduced in the North Carolina House, this bill will enable residents all over the state to participate the economic and environmental benefits of energy efficiency. Programs could include weatherizing homes, appliance upgrades, and efficiency technology such as timers for lights and a/c and other cost-effective activities. For more information, visit www.ncsavesenergy.org and check out NC SAVE$ Energy's new video.


Thursday, July 29, 2010

What Wall Street Reform Means for Housing...

On July 21, 2010 President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, sweeping legislation that covers a broad range of financial and housing policy issues. The Act contains several key provisions of importance to homeless and low income Americans.


•The law extends the expiration date for the Protecting Tenants at Foreclosure Act (PTFA) from the end of 2012 to the end of 2014. PTFA ensures that tenants living in foreclosed properties can remain in their housing for as long as possible after the property owner / landlord is foreclosed upon and a new party takes ownership of the property. The Law Center hopes to make PTFA permanent, but is extremely pleased in the short term to see it extended.

•The law also clarifies an ambiguous provision of PTFA, explaining that the date of a "notice of foreclosure" means the date on which title to a property is transferred by a court order or through a non-judicial foreclosure process. Since in many cases tenants can only use PTFA to remain in their homes for 90 days after a notice of foreclosure, it was important to clarify that earlier notices to tenants did not start the 90 day clock after which a tenant would have to move. The Law Center anticipates that this provision will help keep tenants in their homes for longer periods of time, but will continue to monitor implementation of the law, to ensure that it is being vigorously enforced.

•In addition, the law provides $1 billion in new funding under HUD's Neighborhood Stabilization Program (NSP), a program that sends money to help rebuild housing in blighted communities. This new funding includes an ongoing requirement that 25% of NSP funds be used to benefit low income people.

•The law creates an Emergency Homeowners' Relief Fund at HUD, designed to provide temporary mortgage assistance to homeowners, to help avoid foreclosures. This program is funded at $1 billion.

•And finally, the bill sets up a HUD program to fund civil legal services to prevent foreclosure among homeowners and eviction of tenants in foreclosed properties. Unfortunately, the law does not provide money for this new program, meaning that it will not get off the ground until funds are appropriated by Congress.

Wednesday, July 21, 2010

NC HOUSING UPDATES...

Settling back into work after taking some time off is always difficult, but at least the heat keeps me from wishing I was outside! I was glad to see some rain finally come our way, and hopefully more is in store to avert another drought.

This week, I will be presenting to the Triangle J Council of Governments, Council on Aging group, as Triangle J prepares to apply for a HUD Sustainable Communities Grant. Next week, I will be in Asheville to present to the Just Economics grassroots leadership class on the housing and financial challenges currently facing our economy.

NC Legislative News
Our state legislators returned to their home districts after several long days during the final stretch of the 2010 session. While many of the structural budget problems were left for next year’s Assembly, we're happy to report that several key housing-related pieces of legislation passed.

SB1015, The Homeowner and Homebuyer Protection Act, passed on the final day in a slightly weaker fashion than originally introduced. Working in coalition with other advocacy groups such as the NC Justice Center and the Center for Responsible Lending, we were able to fight off several attempts to water down the bill.

SB 1216 also passed and will extend and expand the State Foreclosure Prevention Program that is administered by the Commissioner of Banks office. This bill extends the program through 2013 and opens it to all types of home loans, not just subprime. See below for more details on these two bills.

Because of the hard work of Carley and our lobbyists at the Policy Group, no legislation passed that adversely affected affordable housing or impacted property tax assessments on LIHTC developments. Thanks to Steve Metcalf and his team at the Policy Group and to Carley Ruff for their great work at the General Assembly.

NC 2010 Affordable Housing Conference – Sept. 16-17th, Raleigh
Thanks to all of you who have already registered for this year’s Annual Affordable Housing Conference. The Conference is several weeks earlier this year so be sure and register now to get the lower registration rates. Together with CICCAR and NCHFA, we’ll again be hosting the conference at the Raleigh Convention Center on September 16-17th. Click here for all the information and to register.

Each year at our Annual Conference, we recognize those individuals who have gone above and beyond the call of duty to advocate for affordable housing. We are asking for nominees for our Volunteer and Professional of the Year Awards. Winners will be recognized at the Coalition’s luncheon on the second day. Please nominate someone you think deserving. Click here for more details.

NC Housing News
Next week, on July 27th, we’re happy to partner with NC Legal Aid to offering a Fair Housing and Reasonable Accommodations/Modifications Workshop in Greensboro. Click here for the details and to register.

Thanks again for your continued support.
Sincerely,
Chris Estes
Executive Director

Tuesday, July 13, 2010

HOUSING CHALLENGES: Where have we been, Where are we now and Where are we going?

The Joint Center for Housing Studies of Harvard University, has released its annual The State of the Nation’s Housing report on June 14, 2010. This report provides a periodic assessment of the nation’s housing outlook and summarizes important trends in the economics and demographics of housing. The report continues to earn national recognition as a source of information regularly utilized by housing researchers, industry analyst, policy makers, and the business community.

In order for policy to be most effective – especially as it relates to housing, it is important to know the historical and current state of affairs, in order to successfully make plausible strides toward the future. According to The State of the Nation’s Housing 2009 report, the Summary of Housing Challenges revealed the following findings:

• Affordability Concerns – the share of cost-burdened households shot up by almost six percentage points between 2001 and 2007;
• Housing Conditions – about one in ten households in the bottom income quartile lived in inadequate housing in 2007;
• Employment Pressures – at the end of April 2009, unemployment had hit 8.9 percent or 5.7 million workers;
• Fragile Family Finances – aggregate household debt doubled;
• Race Matters - in April 2009, the unemployment rate was 15.0 percent for blacks, 11.3 percent for Hispanics, and 8.0 percent for whites;
• Crisis Responses – A study by the Center for Budget and Policy Priorities (CBPP) revealed that state governments anticipated a revenue shortfall of $99 billion.

So what does The State of the Nation’s Housing 2010, Summary of Housing Challenges reveal compared to last year? The findings are listed as follows:
• Widespread Cost Burdens – the share of severely burdened households jumped to 16 percent in 2008;
• Income-Housing Cost Mismatch – in 2008, 24 percent of renters spent half or more of their income on housing;
• Unemployment & Housing Insecurity – in April 2010, 6.7 million workers had been out of work for more than six months;
• Household Deleveraging – between 2006 and 2009, bankruptcies climbed from 600,000 to 1.4 million.

Based on The State of the Nation’s Housing report, there were many housing challenges in 2009, while many of those same challenges were similarly indicated in the 2010 report. Despite, the previous and current years reported housing challenges, it is of essence to note the strides that are being made in getting America to brighter days.

So, exactly where are we heading? According to The State of the Nation’s Housing 2010report, the Housing Challenges summary has revealed the following:

• Federal Responses – 1.) States paid out $79.6 billion in unemployment benefits over the course of 2009, up from $32.4 billion in 2007; 2.) The federal government launched the Home Affordable Modification Program in 2009 to reduce housing payments for eligible households; 3.) While the $5.9 billion appropriated for The Neighborhood Stabilization Programs remains small – the program has been intended to target the neediest neighborhoods, even if only in a few areas; 4.) To help with local foreclosure prevention efforts, the federal government has also awarded $2.1 billion to Housing Finance Agencies in the five states with the steepest house price declines and an additional five states with high concentration of unemployment; 5.) The Choice Neighborhoods Initiative has launched, it is designed to make transformative investments in neighborhoods where public and assisted is concentrated; 6.) The government is also leveraging housing by providing some limited but path-breaking support for regional planning in coordination with the Department of Transportation and the Environmental Protection Agency.

In addition to the federal programs listed above in The State of The Nation’s Housing 2010 report, North Carolina, recently passed Senate Bill (SB) 1015, which will be instrumental for North Carolinian Homeowners and Homebuyers:

• Local Policy - on July 7th, SB1015 (the Homeowner and Homebuyer Protection Act) passed the NC Senate and is on its way to Governor Perdue for her signature. This Bill will help NC homeowners facing unprecedented job loss and risk of foreclosure by prohibiting foreclosure rescue scams.

It goes without saying that it will likely take years for the repercussions from the Great Recession to abate. In the face of the challenges, the Obama Administration has focused on streamlining federal housing programs and continues to move toward programs that secure the fair market rent system. While the federal budget deficit continues to loom, it may take some time to notice a dent in the widespread housing affordability issues. However, it is worth noting where we have been, where we are now, and where we are going in our journey for continued housing affordability success.

To read the full report, go to…
http://www.jchs.harvard.edu/publications/markets/son2010/index.htm

Wednesday, July 7, 2010

HOUSING UPDATES!

Good afternoon! I hope everyone had a great holiday weekend and enjoyed the fantastic weather we had, as summer’s heat is back. We’ve been busy at the Coalition, as this year’s legislative session is drawing to a close. See Carley’s legislative update below for all the details. Chris and Regina are out of the office this week on well-deserved vacations, but the rest of the staff is hard at work.
We’re excited to announce that registration for this year’s Annual Affordable Housing Conference has opened! Together with CICCAR and NCHFA, we’ll again be hosting the conference at the Raleigh Convention Center on September 16-17th.

Each year at our Annual Conference, we recognize those individuals who have gone above and beyond the call of duty to advocate for affordable housing. We are asking for nominees for our Volunteer and Professional of the Year Awards. Winners will be recognized at the Coalition’s luncheon on the second day.

On July 27th, we’re happy to partner with NC Legal Aid in offering a Fair Housing and Reasonable Accommodations/Modifications Workshop in Greensboro.

As we’ve mentioned before, the Coalition has had an ongoing relationship with UNC’s School of Social Work Department. Over the years, we’ve had students intern at the Coalition, which has been a positive experience. We’re happy to announce that our two interns from last year have secured jobs in partner organizations. Alex Bidot is now with Orange County Habitat for Humanity and Jessica Parker is with the Northern Moore Family Resource Center. We wish them the best and look forward to working with them in the future. We’d also like to officially welcome Kareema Whitfield to the Coalition, who will be interning for the summer.

Congratulations to DHIC, DCLT, and Self-Help on the grand opening of Maplewood Square Apartments in Durham! This is a beautiful development for fixed-income seniors. It was wonderful to witness the community’s support at last week’s celebration.

Also, thank you to the Durham Housing Coalition for inviting Chris and Anne to speak at the Durham Affordable Housing Summit last Thursday. Durham is making great progress in regards to affordable housing.

Thanks again for your continued support.

LEGISLATIVE UPDATES

State
Homeowner and Homebuyer Protection Act

Thank you for contacting your House members about SB1015! Yesterday, SB1015, The Homeowner and Homebuyer Protection Act passed the NC House by a vote of 89 – 23, thanks to your action!

Today, the Senate will vote whether to concur with the House version of the bill. There has been considerable pressure to weaken or kill the bill. Let’s keep that from happening! Please call your NC Senator and urge him/her to vote YES on SB1015! Click here to find your legislator's contact information. If the bill passes today and becomes law, it will prohibit foreclosure rescue scams and add greater consumer protections regarding “rent to own” contracts and contracts for deeds.

Thank you again for your hard work and firm support of this legislation!

State Foreclosure Prevention Program
SB 1216 has passed favorably out of the House and will likely pass the Senate this afternoon. SB 1216 will extend and expand the State Foreclosure Prevention Program that is administered by the Commissioner of Banks office. The program, set to expire in October, was put into place in 2008 to address the influx of foreclosures due to subprime lending. Since its inception, the program has connected thousands of North Carolinians facing foreclosure with HUD-certified housing counselors and helped over 4,000 people avoid foreclosure. If passed, SB1216 will extend the program to 2013 and open it to all types of home loans, not just subprime. The program would be funded by a fee on foreclosure filings.

National

National Housing Trust Fund: H.R.4213

The U.S. Senate ended the June work period and left for the July 4th recess without acting on H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010 (the extender bill). However, two elements of the bill, extension of unemployment benefits and the homebuyer tax credit, were decoupled from the larger bill and brought up separately. Both the Senate and the House passed the extension of the tax credit, but the Senate once again failed to get enough votes to preempt a filibuster of the bill extending unemployment benefits.

The Senate could take up a version of H.R. 4213, which includes a number of extensions of business-related tax credits as well as the funds for the National Housing Trust Fund (NHTF) and three important provisions related to the Low Income Housing Tax Credit program after the July 4th recess. All these provisions are paid for by closing several tax loopholes that benefit certain business interests. Some pro-business groups have indicated they are less interested in the “extenders” passing if they come at the cost of increased taxes.

Housing advocates are urging House and Senate leaders to attach the NHTF to whatever legislative vehicle is sure to pass.

Comments Invited on CRA Regulations
The agencies that regulate banks and thrifts request written or oral comments on whether and how they should revise their regulations to better serve the Community Reinvestment Act’s goals. Public hearings will be held in four cities between July 19th and August 17th. Written comments may be submitted through August 31st.

National Homeless Plan Released
Opening Doors: Federal Strategic Plan to Prevent and End Homelessness is intended to serve as a roadmap for action by federal agencies along with local and state partners in the public and private sectors, to end veterans and chronic homelessness by 2015, and to end homelessness among children, family, and youth by 2020.

Tuesday, July 6, 2010

PLAEASE ACT TODAY!

Call your member of the House and ask them to Vote YES on SB1015 (the Homeowner and Homebuyer Protection Act) without any amendments that could weaken the bill.


Rep. Rick Glazier, Vice Chairman, 919-733-5601, Rick.Glazier@ncleg.net
(Cumberland)
Rep. Jimmy Love, Vice Chairman, 919-715-3026, Jimmy.Love@ncleg.net
(Harnett, Lee)
Rep. Jennifer Weiss, Vice Chairman, 919-715-3010, Jennifer.Weiss@ncleg.net
(Wake)
Rep. Hugh Blackwell, 919-733-5805, Hugh.Blackwell@ncleg.net
(Burke)
Rep. Alice Bordsen, 919-733-5820, mailto:Alice.Bordsen@ncleg.net
(Alamance)
Rep. Justin Burr, 919-733-5908, Justin.Burr@ncleg.net
(Montgomery, Stanly, Union)
Rep. James W. Crawford, 919-733-5824, Jim.Crawford@ncleg.net
(Granville, Vance)
Rep. Dale Folwell, 919-733-5787, Dale.Folwell@ncleg.net
(Forsyth)
Rep. Rosa Gill, 919-733-5880, Rosa.Gill@ncleg.net
(Wake)
Rep. Pat Hurley, 919-733-5865, Pat.Hurley@ncleg.net
(Randolph)
Rep. Darren Jackson, 919-733-5974, Darren.Jackson@ncleg.net
(Wake)
Rep. Linda Johnson, 919-733-5861, Linda.Johnson2@ncleg.net
(Cabarrus)
Rep. Earl Jones, 919-733-5825, Earl.Jones@ncleg.net
(Guilford)
Rep. Tim Moore, 919-733-4838, Tim.Moore@ncleg.net
(Cleveland)
Rep. Earline Parmon, 919-733-5829, Earline.Parmon@ncleg.net
(Forsyth)
Rep. Johnathan Rhyne, 919-733-5782, Johnathan.Rhyne@ncleg.net
(Lincoln)
Rep. Timothy Spear, 919-715-3029, Tim.Spear@ncleg.net
(Chowan, Dare, Hyde, Washington)

Please also contact:

Rep. Joe Hackney, Speaker of the House, 919-733-3451, Joe.Hackney@ncleg.net,
(Chatham, Moore, Orange)