The Creation of a Federal Partnership: The Role of the by Margaret M. Brassil
By Margaret M. Brassil
New point of view on state-level housing coverage, how its function has grown relating to the federal role.
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Additional info for The Creation of a Federal Partnership: The Role of the States in Affordable Housing
Example text
Even a comparison of state policy priorities could be misleading. 84 Numbers alone do not clearly convey a sense of program activity. What states do may be a better indication of their support and commitment. A SAMPLING OF STATE HOUSING PROGRAMS When state housing agencies first began creating their own low-income housing programs in the early 1980s they were not without some experience, since many had already been issuing mortgage revenue bonds or had participated in HUD’s Section 235, 236, and even Section 8 programs since the early 1970s.
In Missouri, a $3 recording fee on all real estate documents provided over $5 million for the state’s housing trust fund in 2002. Fees, like taxes, are redistributive: they take money from those who can afford to buy their own homes (and pay the fee for their real estate documents) and transfer the money to households who cannot. 7). 7 N O O THER D IRECT A PPROPRIATION BUT Trust Fund? Y Y Y Y Y Y Y Y Y 9 Trust Fund Capitalization Source Real estate transfer tax 1988 state appropriation; MF fees State appropriations Real estate documentary stamps State appropriations “Dividend” from HFA Not funded in 2000 MRB/MCC None yet Source: NCSHA, State HFA Factbook: 2000, “Administration/Budget,” Table 13, pp.
Two of those nine states, Ohio and Washington, provided funds for the trust fund directly from state appropriations; two others, Nevada and South Carolina, had designated sources (fees or taxes) that funded the trust fund. Of the thirty-two states with trust funds, fifteen were funded through general state appropriations, sixteen utilized a designated source, and three used a combination of both sources. In New Hampshire, the trust fund received an initial appropriation from the state, which the housing agency was then expected to invest and use as a source for future funding.