News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Donna Kimura / AFFORDABLE HOUSING FINANCE / May 6, 2013
The Department of Housing and Urban Development (HUD) needs to undergo a major restructuring of its multifamily division in the next two years, according to agency leaders.
This effort includes reducing field offices across the country and introducing a new risk-based processing system that aims to increase consistency and improve efficiency.
“These two elements really complement each other,” says Carol Galante, Federal Housing Administration (FHA) commissioner and assistant secretary for housing. “Theoretically, they could be done separately, but they areRead More
Donna Kimura / AFFORDABLE HOUSING FINANCE / March 1, 2013
About 125,000 individuals and families could lose their Housing Choice Voucher benefits and be at risk of becoming homeless under the widespread and indiscriminate cuts brought on by sequestration.
President Obama and Republican leaders had failed to reach an agreement Friday morning, which meant that the sequester and its approximately 5 percent cuts to government programs were officially set to go into effect sometime that day.
Although it was unknown when the pain would be felt on the streets, officials warned that it would be real.
“These reductions to HUD (Department of HousingRead More
Affordable Housing Finance Staff / Affordable Housing Finance / February 4, 2013
Federal agencies are joining forces on a new effort to make homes healthier, which may lead to new requirements for multifamily developers.
The initiative represents a vision for addressing the nation’s health and economic burdens caused by preventable hazards associated with the home. “Advancing Healthy Housing—A Strategy for Action” encourages federal agencies to take pre-emptive actions that will help reduce the number of American homes with health and safety hazards.
People in the United States spend about 70 percent of their time in a home, according to theRead More
Donna Kimura / Multi Family Executive / December 4, 2012
Shaun Donovan took over the Department of Housing and Urban Development (HUD) four years ago, during a full-blown housing crisis. Now, he’s at work on cleaning up another catastrophe, leading the Hurricane Sandy rebuilding efforts.
As former commissioner of the New York City Department of Housing Preservation and Development, Donovan is a strong choice to oversee the recovery of his home state and the surrounding region rocked by the storm. And the valuable experience he’s gained at HUD will most certainly aid in that effort.
With his new role in leading the Sandy recovery, thereRead More