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HOPE VI Presentation

HOPE VI Presentation

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Published by: awholelottolove on Nov 25, 2009
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11/24/2009

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Dilisa V. TownsendHOPE IV3/25/2008
Acronyms
HOPE:
Homeownership and Opportunity for PeopleEverywhere
URD:
Urban Revitalization Demonstration
HOME:
Home Ownership and Mortgage Education
CIP:
Capital Improvements Program
AMHA:
 Akron Metropolitan Housing Authority 
PHA:
Public Housing Authority 
History of HOPE VI
Initially URD
Conceived after recommendation of National Commission on SeverelyDistressed Public Housing
 This commission was created in 1989 to look at and create a plan toremedy problems with public housing
Funded by congressional appropriations
1993-1995,
$1.6 billion
in appropriations
HOPE I & II: promote homeownership of subsidized multifamily rentalhousing
HOPE III: non-profits to rehab single-family home for low-incomehomeowners
HOPE IV: elderly independence
Authorized by the Departments of Veterans Affairs and HUD andIndependent Agencies Appropriations Act of 1993
Also authorized, with slight modifications {amending Section 24 of the1937 Housing Act}, by Section 120 of the Housing and CommunityDevelopment Act of 1992
United States Housing Act of 1937
Required that the construction of new public housing bematched by the removal of an equal number of substandard dwellings from the local supply 
Recommended areas of revitalization
Physical: PHAs were to demolish and rebuild substandarddevelopments within their jurisdiction
Management systems: a complete overhaul of the management of these public housing developments
Social and economic

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