A coalition of 3,267 housing, community development, and transportation organizations sent a letter to House and Senate appropriators on March 19 calling for an increase in FY15 housing and transportation funding. The signatories represent every state. A similar letter in 2013 was signed by more than 2,400 organizations.
“The Transportation, Housing and Urban Development, and Related Agencies (THUD) allocation uniquely promotes the well-being of our home communities by providing essential seed capital and program funding that enables public and private partners to build critical transportation infrastructure, spur economic development in communities, and help more than five million seniors, people with disabilities, and other families to afford stable housing,” wrote the organizations. “In these tight times, the THUD bill’s investments yield high rates of social and economic return, and an adequate THUD allocation should be a high priority.”
The House and Senate Appropriations Committees are expected to establish their 302(b) subcommittee allocations for FY15 in April. The subcommittees can then proceed with crafting their FY15 spending bills.
A 302(b) allocation is the amount of budgeted funds an Appropriation Subcommittee is assigned. At the start of the Congressional budget cycle, the Appropriations Committees take the overall spending budgeted for the fiscal year (called the 302(a) allocation) and divide it between the twelve Appropriations Subcommittees. The amounts budgeted for the subcommittees are referred to as the 302(b) allocations. The allocation for the THUD subcommittee sets the amount of discretionary funding that Congress can make available for HUD and the Department of Transportation (DOT).
View the 302(b) letter: http://bit.ly/1d4v0sa