The House of Representatives on November 19 passed by a vote of 301-123 a stopgap funding measure, known as a continuing resolution (CR), that would fund the government through November 21. Congress will need to pass a continuing resolution or all twelve spending bills before the beginning of the new fiscal year on October 1 to avoid another government shutdown. Although the House has passed a majority of its spending bills, the Senate has yet to complete the process for any of the necessary funding bills and will likely vote on a CR in the coming weeks.
The House CR continues FY19 funding levels for the majority of affordable housing and community development programs. The bill does include an important adjustment for the Section 202 Housing for the Elderly program to prevent renewal delays for Project Rental Assistance Contracts set to expire in early FY20. The Campaign for Housing and Community Development Funding (CHCDF) developed a factsheet overviewing the potential impacts of a longer-term CR or a government shutdown on affordable housing and community development programs.
To learn more about the funding outlook for FY20, register for a CHCDF webinar on September 26 at 4:00 p.m. ET at: https://tinyurl.com/y3e73253
Read CHCDF’s factsheet, “Impacts of Inconsistent Funding on Affordable Housing Programs,” at: https://tinyurl.com/y4yzqxz2
Review NLIHC’s updated budget chart at: https://bit.ly/2rl7MZC