the 2010s
The decade of the 2010's in housing began with the recovery from the 2007-2008 economic crisis and mortgage market collapse. Total housing starts (single- and multifamily) remained below one million units per year, well below the pre-crisis levels of over 2 million. FHA played a greatly increased role in assisting private lenders to continue to issue mortgage financing with the share or mortgages with FHA insurance rising to over one-third of the market. While Congress debated further potential reforms for the secondary market, Fannie and Freddie remained in federal conservatorship but took on a larger role in stabilizing the market after Wall Street firms retreated from issuing mortgage securities.
At HUD, the Obama Administration placed a renewed emphasis on affordable rental housing policy, implementing the Choice Neighborhoods Initiative and the Rental Assistance Demonstration aimed at recapitalizing the existing assisted rental stock. There was a renewed emphasis on placed based and comprehensive neighborhood revitalization while increasing mobility options for lower-income families, as well as improved coordination between programs at different federal agencies with similar goals for improving neighborhoods.
HUD also joined with the Veterans Administration to announce a goal of ending homelessness among America’s veterans. Major decreases in veterans’ homelessness were achieved as new program responses received support, including the HUD-VA Supportive Housing (HUD-VASH) program and VA’s Supportive Services for Veteran Families program.
And HUD played a lead role in the federal task force and providing assistance to the northeast states to rebuild from the devastation caused by Hurricane Sandy in 2012.
Sources:
PD&R, “Report to Congress on the Root Causes of the Foreclosure Crisis,” (January 2010). https://www.huduser.gov/portal/publications/hsgfin/foreclosure_09.html
“Hurricane Sandy Rebuilding Strategy,” Hurricane Sandy Rebuilding Task Force (August 2013)
“HUD FY 2010 Budget: Road Map for Transformation” available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/cfo/reports/cforept
Research in 2010-2015
Interim Assessment of the HOPE VI Program Cross-Site Report
Study of Rents and Rent Flexibility
Life After Transitional Housing for Homeless Families
Strategies for Improving Homeless People's Access to Mainstream Benefits and Services
Moving to Opportunity for Fair Housing Demonstration Program - Final Impacts Evaluation
Worst Case Housing Needs of People with Disabilities - Supplemental Findings of the Worst Case Housing Needs 2009:Report to Congress
Neighborhood Crime Exposure Among Housing Choice Voucher Households
Housing Choice Voucher Marketing Opportunity Index: Analysis of Data at the Tract and Block Group Level
Evaluation of the Family Self-Sufficiency Program: Prospective Study
Regulatory Barriers to Manufactured Housing Placement in Urban Communities
Expanding Housing Opportunities Through Inclusionary Zoning: Lessons from Two Counties
The FHA Single-Family Insurance Program: Performing a Needed Role in the Housing Finance Market
An Evaluation of Affordable Housing Using the National Green Building Standard
What Happens to Low-Income Housing Tax Credit Properties at Year 15 and Beyond?
Foreclosure Counseling Outcome Study: Final Report Housing Counseling Outcome Evaluation
Veterans Homelessness Prevention Demonstration Evaluation: Interim Report
Developing Choice Neighborhoods: An Early Look at Implementation in Five Sites - Interim Report
An Estimate of Housing Discrimination Against Same-Sex Couples
Housing Discrimination Against Racial And Ethnic Minorities 2012
Study of Household Transition from the Disaster Housing Assistance Program (DHAP-Katrina): Final Report
FAMILY OPTIONS STUDY: Interim Report
Final Report Sustainable Construction in Indian Country Initiative
Gender, Neighborhood Context, and Youth Development
Housing for Youth Aging Out of Foster Care
Opportunity Neighborhoods for Latino and African American Children
Study of PHAs’ Efforts to Serve People Experiencing Homelessness
Continuity and Change: Demographic, Socioeconomic, and Housing Conditions of American Indians and Alaska Natives
Discrimination in the Rental Housing Market Against People Who Are Deaf and People Who Use Wheelchairs: National Study Findings
Opting In, Opting Out a Decade Later
Examination of Alternative FHA Mortgage Insurance Programs for Financing Single-Family Rental and Small Multifamily Rental Properties
Effect of QAP Incentives on the Location of LIHTC Properties
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