NHC has worked tirelessly in Washington, advocating for affordable housing communities. Through her dedicated efforts, Karen Romaine Thomas, MBA has earned a spot on the list of top leaders in Atlanta. Jacqueline J. Holness, editor of Atlanta Magazine, remarks, “Many of these nonprofits address issues that the aforementioned are sometimes not attuned enough to do, and so I applaud them in their efforts. And I hope you take the time to carefully consider how these powerful organizations are making an impact in the city, often without the benefit of wealth and acclaim.” She couldn’t be more right. Congratulations to all those who made the list!
To see who made the rest of the list, visit Atlanta 500: Our city’s most powerful leaders in 2025 – Atlanta Magazine
Last weeks to apply for NLHA’s Resident Scholarship
There is still time to apply for the NLHA Resident Scholarships. This year, $1.5M will be awarded to successful applicants. There are four different types of scholarships available to residents. Please visit Education Fund – NLHA – National Leased Housing Association for more information and flyers you can print out for your residents. All applications are due by April 14, 2025.
Biden Administration released the budget and it’s good news for HUD!
From NCSHA:
Yesterday, the Biden Administration unveiled its Fiscal Year (FY) 2025 Budget. This entails allocating $72.6 billion in discretionary budget authority for the U.S. Department of Housing and Urban Development (HUD), reflecting a $1.9 billion increase or a 2.7 percent uptick from the 2024 enacted level.
The Administration proposes further initiatives concerning affordable housing. These include a substantial expansion and enhancement of the Housing Credit, endorsement of the Neighborhood Homes Tax Credit by NCSHA, introduction of targeted tax credits for eligible first-time home buyers and certain home sellers, investments in new project-based rental assistance (PBRA) contracts, mandatory spending for capital investments in public housing, allocation of funds for 50,000 new Housing Choice Vouchers, as well as the introduction of two new entitlement-type voucher programs catering to youth aging out of foster care and extremely low-income veterans. Additionally, a first-generation down payment assistance program is proposed, alongside funding and policy adjustments pertaining to HUD and USDA homeownership and multifamily housing programs.