The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
3. www.SVN.com
Economic
Updates
Provided by
○ The 2022 Omnibus appropriations bill included an
updated budget for the Department of Housing and
Urban Development (HUD) that adds significant new
funding for existing programs, including the HOME
Investment Partnership program and the Housing
Choice Voucher program, among others.
○ The final bill allocates $65.7 billion to HUD, $5.32
billion above FY 2021’s total. The largest totals include
$11 billion to build new affordable housing units and
repair old ones, an additional $8.45 billion for public
housing, and $3.2 billion to address maintenance and
repairs for the nearly one million existing public
housing units.
○ $1.5 billion was allocated for the HOME Investment
Partnerships Program, the department’s primary tool
for spurring private investment in affordable housing.
An additional $280 million in funding was made
available for Section 8 Housing Choice Vouchers,
which is estimated to create an additional 25,000 new
vouchers.
HUD Budget
27. Please visit www.svn.com for more
information on the properties
featured on today’s call and to view
all of SVN’s active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
All SVN® offices are independently owned and operated.