President Bush Signs FY 2008 Funding Bill

By A. J. Johnson & Caitlin Jones
July 25, 2008 1 min read

President Bush on 12/26/07 signed into law a consolidated omnibus spending bill (H.R. 2764) to fund federal departments and agencies for the rest of the fiscal year (FY 2008) ending 9/30/08. It provides $37.6 billion for the U.S. Department of Housing and Urban Development (HUD) and its programs, an increase of $1.4 billion over the FY 2007 funding level. Included in this are: $6.4 billion for HUD Section 8 project-based rental assistance, $405 million more than FY 2007; $16.4 billion for Housing Choice Vouchers (+$516 million); and $1.704 billion for the HOME program (-$53 million).
The act also provides $70 million for the Rural Development (RD) Section 515 rural rental housing loan program (-$29 million); $130 million for the Section 538 rural rental housing guaranteed loan program (+$30 million); $5 billion for rural housing vouchers (-$11 million); and $23 million for the Section 515 multifamily preservation demonstration program (+$14 million). The Housing Assistance Council said the act adds RD Section 514/516 farmworker housing projects to properties eligible for RD’s Multi-Family Housing Preservation and Revitalization Restructuring Program.

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.