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Washington
Inside Washington (01/17/2008)
* WASHINGTON (1/18/08)--States should have been included in negotiations with the Treasury Department, Hope Now, servicers, lenders and investors regarding a fast-track loan modification program, said Richard Neiman, New York State banking superintendent, in a Dec. 11 letter to the Treasury (American Banker Jan. 17). The states should not be overlooked, because all market participants have a share of responsibility in the current situation, he wrote ... * WASHINGTON (1/18/08)—The House voted Thursday to reauthorize the HOPE VI housing program and to make a number of changes to the program meant to prevent the loss of affordable housing for those who need it. The HOPE VI Improvement and Reauthorization Act of 2007 (H.R. 3524) requires, for instance, that all public housing units in existence as of January 2005 that are proposed for demolition must be replaced on a one-for-one basis. The bill also, among other things, requires public housing agencies to provide a mixed-income housing development on the site of the original public housing location in a manner resulting in a decrease in the concentration of poverty. In addition, public housing agencies must ensure that replacement units are provided in a manner that affirmatively furthers fair housing …


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