The Senate passed by a vote of 82-15 a stopgap funding measure, known as a continuing resolution (CR), on September 26. President Donald Trump signed the CR on September 27, extending Congress’s deadline to pass twelve fiscal year 2020 (FY20) spending bills to November 21.
The CR continues FY19 funding levels for the majority of affordable housing and community development programs. The bill includes an important adjustment for Section 202 Housing for the Elderly Program, preventing delays for project rental assistance contracts (PRAC) that would otherwise expire at the beginning of the new fiscal year.
Congress must now pass, and the president must sign, FY20 spending bills by November 21 or pass another CR to avoid a government shutdown. The Campaign for Housing and Community Development Funding (CHCDF) developed a factsheet overviewing the potential impacts of a longer-term CR or government shutdown on affordable housing and community development programs.
Read CHCDF’s factsheet, “Impacts of Inconsistent Funding on Affordable Housing Programs,” at: https://bit.ly/2n0fDfS
Review NLIHC’s updated budget chart at: https://bit.ly/2rl7MZC