NLIHC joined 22 national organizations in signing a letter to the Office of Management and Budget (OMB) urging an increase in funding for the HOME Investment Partnerships program to at least $1.6 billion in President Obama’s FY15 budget request to Congress.
The letter, organized by the National Council of State Housing Agencies, says “despite HOME’s successful record and the growing need for affordable housing, the HOME program has been severely cut in the past few years. At $1 billion in FY 2014, HOME’s funding level is down 38 percent from its FY 2011 funding level of $1.6 billion. HOME funding has been cut almost in half since FY 2010.”
President Obama is expected to submit his FY15 budget request to Congress on March 4, a month after the statutory deadline. Congress would typically take up its budget and appropriations work following receipt of the President’s proposed budget. However, this year, Congress has already negotiated and enacted the FY15 discretionary spending cap in the Bipartisan Budget Act of 2013 (BBA), which means Congress will not have to engage in another prolonged budget negotiation, unless they choose to.
Download the letter: http://bit.ly/1imFW3f