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Progress is being made toward enacting the Great American Outdoors Act, a legislative effort recently passed by the United States Senate and due to be taken up by the US House of Representatives next week that could begin to address the $11 billion backlog of road, building, and facilities... View full entry
California Senator and presidential contender Kamala Harris and California Representative Maxine Waters have introduced the "Housing is Infrastructure Act," a $107 billion bill that aims to upgrade and expand affordable housing across the country. The bill is the latest in a series of efforts... View full entry
The U.S. Department of Housing and Urban Development is close to finalizing a major reform of its extensive senior housing portfolio, allowing nonprofit owners of 125,000 apartments to tap private sources of financing for the first time.
HUD built nearly 2,900 of these properties over the past three decades. Though owned by nonprofits, the federal government funded their construction and subsidized tenant rents.
— Wall Street Journal
The nation's recent crop of senior housing projects could see much-needed improvements come to reality as the United States Department of Housing and Urban Development (HUD) loosens rules dictating where nonprofit building owners can draw funds from to make building repairs. Tom Davis... View full entry
