HUD, USDA, & WHEDA: Federal agencies, WHEDA to join forces in push to reduce regulatory burden on affordable housing developers

On Monday, November 7, 2011, HUD Midwest Regional Administrator Antonio Riley and USDA Rural Development State Director, Stan Gruszynski will join Wisconsin Housing and Economic Development Authority Executive (WHEDA) Director Wyman Winston at a press conference to launch an agreement to reduce duplicate physical inspections of local subsidized affordable housing– allowing developers and owners to focus on delivering more housing and resources to those in need.

As part of the Obama Administration’s commitment to better coordinated federal rental policy, HUD, Treasury and USDA are piloting programs in Wisconsin, Michigan, Washington, Minnesota, Oregon and Ohio to avoid duplicate inspections when rental housing projects are subsidized through more than one agency, which is often necessary to reach the lowest-income tenants. The press conference and signing ceremony will take place at WHEDA’s annual Multifamily Housing and Economic Development Conference.

WHO: Antonio R. Riley, HUD Midwest Regional Administrator

Stan Gruszynski, USDA Rural Development State Director

Wyman Winston Executive Director, Wisconsin Housing and Economic Development Authority

WHAT: Press conference to sign Memorandum of Understanding to launch the Obama Administration’s pilot Physical Inspection Program to reduce regulatory burdens on affordable housing developers and owners, as well as help state and federal agencies to better serve low-income families.

WHEN: 2:30 p.m.

Monday, November 7, 2011

WHERE: The Monona Terrace Convention Center, Grand Terrace Ball Room

One John Nolen Drive

Madison, WI 53703

CONTACT: Members of the media interested in covering this event should contact Kelly Edwards, USDA (715-340-1264); Kevin Fischer, WHEDA (414-227-2295); Brenda Marquardt, WHEDA (608-266-8655); or Sharon Rambadt, WHEDA (608-264-6857).