Senate Finance Committee Debates Budget Controls and Tax Expenditures
On May 4, the Senate Finance Committee held a hearing on budget enforcement mechanisms. Panelists debated the use of budget triggers that would require spending cuts if budget targets were not met…
Analyses of H.R. 1, “Full Year Continuing Appropriations Act for FY11,” Show Dire Consequences and Give Advocates Tools for Educating Public Officials
An analysis of H.R.1 by the Technical Assistance Collaborative (TAC) shows that cuts in the bill would cause 10,000 households who are now stably housed through the Section 811-funded Mainstream…
Greater FMR Flexibility Proposed
Changes proposed at the end of HUD’s FY12 budget request would provide the HUD Secretary greater flexibility in publishing and providing for public review of Fair Market Rents (FMRs). …
FY12 Request Includes SEVRA Provisions
The President’s FY12 budget request includes several provisions from the Section Eight Voucher Reform Act (SEVRA), legislation which Congress has considered for several years but has not yet…
LIHTC Changes Proposed in FY12 Request
As part of its FY12 budget request, the Department of the Treasury seeks two changes to the low income housing tax credit (LIHTC) program. One would allow “income averaging” so properties could…
House and Senate Begin FY12 Budget Process
Both the House and Senate held hearings on the President’s FY12 budget proposal during the week of February 14 with a similar level of criticism expressed by members in both chambers. At the House…
House Votes on FY11 Continuing Resolution With Deep Cuts
The House of Representatives spent four days during the week of February 14 considering H.R. 1, the Full Year Continuing Appropriations Act for FY11. The resolution proposed deep cuts to many HUD…
House Hearing on Barriers to Housing Market Recovery
House Financial Services Subcommittee on Insurance, Housing and Community Opportunity Chair Judy Biggert (R-IL) held her first hearing as Chair of the committee on February 16. The hearing was…
Public Housing Preservation Bill Introduced
Representative Maxine Waters (D-CA) reintroduced a broad public housing preservation and resident protection bill on February 17 (see Memo, 7/23/10). The bill, H.R. 672, is cosponsored by House…
Administration Releases FY12 Budget; Many HUD Programs Fall Below FY11 Requested Levels
Reflecting the political clamor for spending cuts, President Obama’s proposed budget for HUD for the fiscal year to begin October 1, 2011 is less than what he requested for FY11 and for several HUD…
Administration Proposes to Cut USDA Rural Housing Funds
The Administration’s budget request for FY12 proposes extensive cuts to rural housing, including popular programs for both homeownership and rental housing. The FY12 request would eliminate funds…