Federal funding crunch delays many subsidies.Max Liebreich, owner of Country Club Manor, isn't the only landlord left scrambling See scramble. to meet expenses because a federal rent subsidy payment failed to arrive. U.S. Housing and Urban Development has delayed payments to thousands of landlords several times this year in a funding crunch that many believe is likely to get worse before it gets better. Liebreich's funds were withheld in September because state housing officials said he had ignored several warnings to comply with federal regulations at his 20-unit apartment complex for low-income senior citizens. But other low-income housing projects didn't get their July and August subsidies, through no fault of their own, said Larry Abel, deputy director of HACSA, the Lane County housing authority. St. Vincent de Paul Vin·cent de Paul , Saint 1581-1660. French ecclesiastic who founded the Congregation of the Mission (1625) and the Daughters of Charity (1633). of Lane County, for example, didn't receive the $49,000 in federal money that covered the July and August rent on 72 units in four of its housing projects, said housing manager Anne Williams. "We still have to make our mortgage payments, and we still have operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. ," Williams said. The nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. social services social services Noun, pl welfare services provided by local authorities or a state agency for people with particular social needs social services npl → servicios mpl sociales agency filled the financial gap with a line of credit at the bank before finally receiving their funds in September. State records show HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. missed 111 payments to Oregon projects in
July, 100 in August and 49 in September because they were short of
funds.
A HUD spokesman confirmed the agency has had problems making payments in a timely manner because of budget problems exacerbated by legal wrangling over language changes in its contracts. "Over the last several weeks, the department has processed approximately $2.3 billion," in delayed payments, agency spokesman Lemar Wolley wrote in an e-mail to The Register-Guard. People are complaining about it to their congressional representatives. Rep. Peter DeFazio's spokesman Tom Vinson confirmed that DeFazio had heard from both property owners and tenants affected by the payment delays. "We've weighed in with HUD to express our concerns," Vinson said. DeFazio also sent a letter to the House financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. oversight committee to request hearings on the matter. The late payments may be one more factor in property owners opting not to renew their low-income housing contracts, say affordable housing advocates. "You can't suffer late payments," said Jim Grow, staff attorney with the National Housing Law Project. "Owners and lenders cannot tolerate that kind of uncertainty. The question ahead of us is what is Congress going to do?" Grow estimates that the HUD appropriation The designation by the government or an individual of the use to which a fund of money is to be applied. The selection and setting apart of privately owned land by the government for public use, such as a military reservation or public building. may be short by as much as $1 billion to $2 billion. "You're going to begin to see the system fray fray 1 n. 1. A scuffle; a brawl. See Synonyms at brawl. 2. A heated dispute or contest. tr.v. frayed, fray·ing, frays Archaic 1. To alarm; frighten. 2. around the edges and closer to the middle," he said. - Susan Palmer "You're going to begin to see the system fray around the edges and closer to the middle." - JIM GROW, STAFF ATTORNEY WITH THE NATIONAL HOUSING LAW PROJECT |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion