PreservationDirectory.com
PreservationDirectory.com
 
home
preservation events & conferences
press releases & job postings
› main menu
› article guidelines
› submit an article
grants & funding sources
heritage marketing services
preservation library:
articles, regulations & policy
preservation organizations
& resources
museums & historic structures
historic real estate
preservation businesses,
products & services
historic lodging:
inns, b&b's, hotels
historic tours
preservation general resources
historic photo galleries
preservation bookstore
frequently asked questions
about us
join email list
contact us
site map


member login

Featured
Property For Sale
View more information about this historic property for sale in Atlantic Highlands, New Jersey

Historic 1893 Grand Victorian

Atlantic Highlands, NJ
PreservationDirectory.com
30 Bromley Road
Pittsford, NY 14534
Phone: (503) 308-0500

Email Us!
foo




ArchiveInABox

Mad Dog Primer

University of Oregon



PreservationDirectory.com

Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
Back to Press Releases Print   Submit an Article
House Financial Services Committee Approves New HOPE VI Program Authorization
Historic Preservation Blog from PreservationDirectory.com - Department of Housing and Urban Development (HUD), National Trust for Historic Preservation, main street revitalization, American Dream Downpayment Assistance Act
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

The House Financial Services Committee approved a measure (HR 3524) that would reauthorize and overhaul the HOPE VI program under the Department of Housing and Urban Development (HUD), as well as make significant changes to the program that include a repeal of authority to make grants for assisting affordable housing developed through main street projects in smaller communities.  The Main Street provisions in HOPE VI were originally crafted by former Rep. Jim Leach (R-IL) with the assistance of the National Trust and included as part of the “American Dream Downpayment Assistance Act” (PL 108-186) passed in 2003.  The Main Street provisions allowed HUD to set aside as much as 5% of HOPE VI funding for targeting grants of up to $1 million in Main Street communities with less than 50,000 in population for the purpose of creating affordable housing.  These grants could be used to physically transform vacant historic properties or upper floors of historic commercial buildings into affordable housing in downtown commercial centers.  

HR 3524 also authorizes $800 million for HOPE VI in each fiscal year from 2008 through 2015. However, the program is slated to receive only $100 million under the House version of the fiscal 2008 Transportation-HUD appropriations bill (HR 3074), the same amount as in fiscal 2007.

Reprinted by permission of the Public Policy Department of the National Trust


Keywords: Department of Housing and Urban Development (HUD), National Trust for Historic Preservation, main street revitalization, American Dream Downpayment Assistance Act

Posted: October 2, 2007
Back to Press Releases Print   Submit an Article


Unless noted, the thoughts and opinions expressed in the article are solely that of the
author and not necessarily the opinion of the editors of PreservationDirectory.com.
   



PreservationDirectory.com | preservation events & conferences | press releases & job postings | organizations & resources
museums & historic structures | historic real estate | preservation businesses, products & services | historic lodging
historic tours | preservation general resources | historic photo galleries | preservation bookstore | preservation library
frequently asked questions | about us | join email list | heritage marketing services | contact us | site map

© Copyright 2020 - PreservationDirectory.com | website by Stolutions