Press Room

Donovan became the 15th secretary of HUD this year after serving as commissioner of the New York City Department of Housing Preservation and Development (HPD). AFFORDABLE HOUSING FINANCE recently asked him about his newly assembled HUD team and the job ahead.

Even after living in her one-bedroom apartment for nearly seven years, Estella Morris, 66, never tires of opening her front door. "I can put my key in the lock and come on in. If I want to throw my shoes underneath the bed, I throw them underneath the bed, and if I want to walk around in my underclothes I can do that," she says.

The CEO of the world's largest charitable foundation on Friday urged Seattle business leaders to get involved in one of the Bill & Melinda Gates Foundation's smallest initiatives.

In recent months, AIG, General Motors, Wells Fargo and Citigroup have been handed billion-dollar bailouts by the government. Some of these corporations have hardly handled the largesse responsibly, partying and handing out bonuses like it's 1999. So where is the bailout for low-income residents who've been promised safe and affordable housing, only to have the rug yanked from under them?

The timeline documents the evolution of 10-year plans from the development of the first plan in 1998 to the present.

U.S. Housing and Urban Development Secretary Shaun Donovan today awarded $300 million in Recovery Act funding to nearly 100 communities across the nation. The funding will rapidly re-house families who fall into homelessness, or prevent families from becoming homeless in the first place. The funding, provided through the American Recovery and Reinvestment Act of 2009, is also designed to help persons and families facing a sudden financial crisis that could lead to homelessness.

The Norfolk Foundation awarded $129,000 to Virginia Supportive Housing to launch programs to help formerly homeless people deal with addiction and mental health problems.

When the authors of Fort Worth’s 10-year plan to end chronic homelessness set a goal of creating or identifying 544 permanent supportive housing units for homeless residents by year six, some observers thought that an overly ambitious target. Yet on Thursday, just three months into the first year of Directions Home, officials announced that 112 people have moved out of homelessness and into apartments.

When the developer of the New Carver Apartments celebrates the building’s grand opening this week, at least one question will not be a point of concern: how to fill the 97 units.

A growing number of state residents are paying up to half their income for a place to live and one of the primary solutions for addressing the problem - building affordable housing - has run aground for lack of financing.