250 Million Housing Trust Fund Proposed
Hi all. Just wanted to update everyone on the dedicated Housing trust fund Meeting I attended this thursday. There were about twenty people many from the ARISE ecumenical groups this has been a driving force behind this for a while, and lots of disability folks. I am the only rural and nobody knows anything about rural areas. Deb Devine attended the lunch and briefed us on the needs assessment so far and the other duties of her office. On the trust fund. the consensus is to ask for 250 million. Potential ResourcesThe basis bill they are using is the Munchnick bill and the morphed version of that that was trotted out by the SHNNY folks last year. There is a realization that we need to modify the Potential Program areas and activities. For now the basic info that Nancy posted is what we have to work with. There will be several committee working in the next few weeks to address these and other areas such as administration of trust fund There is a difference in the group about whether we should pursue this this year or wait unitl next year. Much of this will be driven By Priscilla Almodovar and CCC will be meeting to see if she wants to go with it this year or next. There is also the need to get broad backing for the final bill and this may be tough if the budget debates are moved up this year. I will keep you up on this as it moves along. Charlie
Thanks for the report Charlie. I was really sorry I had to miss this meeting.
I am a little surprised that they used the Muchnick bill as the starting point. It is pretty heavy on special needs and funding for middle income rental. still, there would be a fair amount of capital for stuff we are interested in. there is a significant rehab program in his bill but it would need to be retooled to work for us. also funding for infrastructure. that would be good.
Where were they headed with the revenue source. I know that D. Muchnick was keyed on the mortgage recording tax. my concern there has been that it could happen that just when you needed housing capital most… the mortgage recording tax revenues would dry up. And now, it looks like they just might do that.