Community Development Digest

(TAKINGS) Pfizer Business at Former Kelo Home Moves Elsewhere in Research Relocation

cdd@cdpublications.com (CDD Editor) — Wed, 11 Nov 2009 17:06:00 EST

Land taken from homeowners in New London, CT will be abandoned by a major pharmaceutical company seeking to consolidate its operations. The move comes barely five years after the use of eminent domain... Click link for complete story

(GRANTS) NeighborWorks America Sends $1.9 million to Aid Neighborhood Stabilization

cdd@cdpublications.com (CDD Editor) — Wed, 11 Nov 2009 14:37:00 EST

Eight NeighborWorks America affiliates receive grants totaling $1.9 million to help reduce the numbers of real estate-owned (REO) properties by turning them into available housing and to increase prop... Click link for complete story

(STATES) Ohio Looks for New Law to Boost Stabilization, Property Values

cdd@cdpublications.com (CDD Editor) — Wed, 11 Nov 2009 14:34:00 EST

Ohio state lawmakers are considering legislation requiring banks to bring foreclosed properties to sale quickly or lose the mortgage liens completely. State Rep. Dennis Murray (D) offers HB 323, the ... Click link for complete story

(INTERIOR) Funding Hike Provides Boosts to Historic Preservation Grant Programs

cdd@cdpublications.com (CDD Editor) — Tue, 10 Nov 2009 13:16:00 EST

The 2010 Interior budget bill signed by President Obama provides an increase to the department's Historic Preservation Fund (HPF), while providing funding for a local historic preservation grants prog... Click link for complete story

(USDA) Rural Businesses Receive $56 Million in Stimulus Loan Guarantees

cdd@cdpublications.com (CDD Editor) — Mon, 09 Nov 2009 15:09:00 EST

A food processing factory and a crematory are among the 12 rural businesses being financed through an Agriculture Dept. loan guarantee program supplying them with a total of $56.2 million from the eco... Click link for complete story

(STABILIZATION) Charlotte PHA Scatters Affordable Housing Efforts

cdd@cdpublications.com (CDD Editor) — Sat, 07 Nov 2009 07:56:00 EST

Following precedents set in other cities in the wake of the Neighborhood Stabilization Program (NSP), the Charlotte (NC) Housing Authority (CHA) maps an aggressive plan to buy and rehabilitate multifa... Click link for complete story

(PREVENTION) Veterans Administration Reworks Homeless Framework

cdd@cdpublications.com (CDD Editor) — Sat, 07 Nov 2009 07:41:00 EST

Faced with growing numbers of homeless military veterans, the Veterans Admin. (VA) unveils a plan to shift its focus to prevention instead of providing shelter services. VA Secy. Eric Shinseki says t... Click link for complete story

(HISTORIC REHABS) House Considers Bill Providing Homeowners Tax Credits for Historic Home Rehab

cdd@cdpublications.com (CDD Editor) — Sat, 07 Nov 2009 07:08:00 EST

House legislation provides potential pay dirt for homeowners of historic buildings by giving them a shot at tax credits for rehabilitation work. The bill also increases available credits for own... Click link for complete story

(FINANCE) Historic Tax Credit Bill to Meet Demand for Smaller Projects

cdd@cdpublications.com (CDD Editor) — Sat, 07 Nov 2009 06:55:00 EST

The recently reintroduced bill that would increase tax credits for rehabilitation of historic structures is partly the result of a need to increase the numbers of smaller historic projects, says one o... Click link for complete story

(ARRA) Stimulus Jumpstarts NY State Housing Effort

cdd@cdpublications.com (CDD Editor) — Sat, 07 Nov 2009 06:53:00 EST

A $27 million allocation from New York's share of the American Recovery & Reinvestment Act (ARRA) will help build or rehabilitate 399 units of affordable housing for low-income families, the disab... Click link for complete story

(AGENCIES) Disaster Recovery Panel Hears Calls for Improved Federal Coordination

cdd@cdpublications.com (CDD Editor) — Thu, 05 Nov 2009 16:49:00 EST

With reports due to Congress and President Obama in coming months on disaster recovery, the Long-Term Disaster Recovery Working Group (DRWG) went to New Orleans for its first public meeting and heard ... Click link for complete story

(DEVELOPMENT) Bayou la Batre Offering Examples of Post-Disaster Rebuilding in FEMA Pilot

cdd@cdpublications.com (CDD Editor) — Thu, 05 Nov 2009 14:56:00 EST

A Federal Emergency Management Agency affordable housing pilot program surfacing in the aftermath of Hurricane Katrina in 2005 offers a successful example in Alabama as its six members continue toward... Click link for complete story

(VOTING) Texas Voters Pass Eminent Domain Reform Amendment

cdd@cdpublications.com (CDD Editor) — Wed, 04 Nov 2009 16:49:00 EST

Texas voters on Nov. 3 overwhelmingly passed a state constitutional amendment limiting eminent domain powers and giving Gov. Rick Perry (R) some pro-property rights ammunition in his coming gubernator... Click link for complete story

(INITIATIVES) NJ Voters Clear $400 Million Bond Issue Allowing State to Buy, Conserve Land

cdd@cdpublications.com (CDD Editor) — Wed, 04 Nov 2009 16:07:00 EST

New Jersey voters approve a $400 million bond issue to acquire land for parks and conservation purposes. The initiative gets support from 52% of voters in America's most densely populated state Nov. 3... Click link for complete story

(FINANCE) Effort Underway to Expand Federal Historic Tax Credits Based on Energy Efficiency

cdd@cdpublications.com (CDD Editor) — Wed, 04 Nov 2009 15:55:00 EST

Bipartisan effort is renewed to provide further incentives for developers to use federal tax credits to renovate historic and older buildings based on energy savings. Sens. Blanche Lincoln (D-AR) and... Click link for complete story

Sharing Your Subscription Service

cdd@cdpublications.com (CDD Editor) — Wed, 04 Nov 2009 10:25:00 EST

CD Publications, owner and publisher of Community Development Digest, makes it easy -- and very affordable -- for you to share your subscription with others in your organization without violating fede... Click link for complete story

(AWARDS) Foundation Distributing $2 Million in Affordable Housing Grants

cdd@cdpublications.com (CDD Editor) — Mon, 02 Nov 2009 17:11:00 EST

TD Charitable Foundation distributes $2 million in affordable housing grants to 56 nonprofits throughout the Northeast and Florida, places where the foundation's parent company, TD Bank, does business... Click link for complete story

(STIMULUS) New Mexico Gets Housing Boost

cdd@cdpublications.com (CDD Editor) — Fri, 30 Oct 2009 18:02:00 EST

A $7.8 million grant from the American Recovery & Reinvestment Act to the New Mexico Mortgage Finance Authority (NMMFA) targets construction of low-income housing in Albuquerque. The granti... Click link for complete story

(TAX CREDITS) Treasury Allocates $5 billion in Latest New Market Tax Credit Round

cdd@cdpublications.com (CDD Editor) — Fri, 30 Oct 2009 16:23:00 EST

Treasury Secy. Tim Geithner goes to President Obama's hometown of Chicago to announce $5 billion in New Market Tax Credit (NMTC) awards to dozens of organizations nationwide. The announcement marks t... Click link for complete story

(INFRASTRUCTURE) TN Issues $28 Million in CDBG Funds

cdd@cdpublications.com (CDD Editor) — Fri, 30 Oct 2009 14:57:00 EST

More than $28 million in infrastructure improvements in 72 communities are being made in Tennessee thanks to Community Development Block Grant funds. The CDBG money awards are announced Oct. 28 by Go... Click link for complete story