Last week, the the draft of the economic recovery bill released by the House of Representatives contains a provision that would set the single national loan limit for HECM at a higher level than $417,000–for the balance of 2009. The change would bring the HECM loan limit to 150% of the Freddie Mac limit, or […]
Category: Legislation
Last week the Florida state legislature made budget cuts that will curtail a variety of senior and affordable housing projects across the state and lawmakers there deal with a $2.4 billion budget deficit. Legislators moved to remove $190 million from the state’s affordable housing trust fund and they warned that more cuts maybe coming later […]
Kit Bond, the retiring US Senator from Missouri, announced last week that he won’t seek re-election and that his office announced that Missouri will receive $15,876,900 as part of Department of Housing and Urban Development (HUD)’s Section 811 Supportive Housing for Persons with Disabilities Program and Section 202 Supportive Housing for the Elderly Program. As […]