HUD HOME Budget Cuts Would Hurt Renters the Most; 91% of HOME $$ in Oregon Have Focused on Renters.

With action expected on the HUD FY 2012 appropriations bill next week, the National Housing Conference has put together a spreadsheet HERE showing how HOME dollars were spent by state from 1992-2011 including a count of completed units produced for different purposes. 

I culled out the Oregon data into PDF HERE and added some calculations to show how much was used for different purposes. Some observations:

1. Nearly 24,000 completed units in Oregon have received HOME assistance; 2,200 were home buyers and homeowners and the remainder of HOME assistance went for rental housing.
2. 91% of $$ and 90% of Oregon HOME units completed were for rental housing. 
3. The vast majority of Oregon HOME rental assistance went for Tenant Based Rental assistance. TBRA units accounted for 72% of all completed HOME units in Oregon--this was the HIGHEST percentage for any state in the country. The 14% of HOME funding spent for TBRA in Oregon was also the HIGHEST percentage in the country.
4. Oregon HOME non TBRA rental average costs per completed unit were 59% higher than the US average ($50,488 vs. $31,819). [This may have been because units were targeted for those with the lowest incomes. Feel free to add comments to this post if other known reasons account for cost differences].
5. All other HOME uses (home buyer, homeowner rehab, and TBRA) in Oregon had average per completed unit costs that were less than the national average.

 Originally created and posted on the Oregon Housing Blog.

1st Video of HOME Hearing This AM.

I have posted HERE to the Internet Archive the 1st portion of video from today's House Financial Services Committee hearing on the HUD HOME program. [Video also embedded below]. 

Video starts after opening statements, includes testimony of 2 HUD witnesses and questions from Chair and ranking member. 

(Hearing page HERE includes written testimony from these witnesses). 

 

I will attempt to post another video after hearing restarts. Video 2 will start after reopening of hearing, and misses a couple of minutes. It will include questions from members of the Committee.

Originally created and posted on the Oregon Housing Blog.

HUD Oregon Community Planning and Development Formula Grant Down 11% in Last Decade and In Last Year.

HUD has published FY 2011 formula allocations by state for its 4 major formula grant programs: Community Development Block Grants, HOME, Housing for Persons with AIDS (HOPWA), and Emergency Shelter Grants (ESG).

The tables I created HERE show by Oregon grantee the amount of HUD CPD formula funding for FY 2011, FY 2010, FY 2007, and FY 2002; the tables include columns showing the percentage change for one year, 5 year, and 10 year periods. 

Observations:

1. Adding all 4 formula programs together, funding statewide is down by -11% since 2002, -8% since 2007, and -11% in the last year. 
2. For the CDBG program the decline was greater: -16% since 2002, -11% since 2007, and -16% in the last year. 
3. The City of Portland CDBG decline was even greater: -24% since 2002, -13% since 2007, and -17% in the last year.
4. HOPWA grants have increased or stayed the same: up 54% since 2002, up 16% since 2007, and FY 2011 funding is about the same as last year. 
5. ESG grants are flat from last year and over 5 years, but up 17% since 2002.
6. NOTE: As population has increased from FY 2002 and FY 2007, percentage decreases in HUD CPD formula funding would be greater if computed on a per capita basis.

Originally created and posted on the Oregon Housing Blog.

House Financial Services Hearing on HOME Program Tuesday, May 31st.

Hearing page is HERE.

Originally created and posted on the Oregon Housing Blog.