Federal funding expires on September 30th, everyone is working to advance FY20 spending bills.
A number of critical affordable housing and community development programs are funded through Housing and Urban Development (THUD), Agriculture-FDA, and Financial Services General Government (FSGG) - Rejecting the cuts in Trump's budget, most received level funding with FY19, these include:
$1.25 billion for the HOME Investment Partnership Program, level with FY19 enacted numbers and $500 million below the House’s proposal.
$3.3 billion for Community Development Block Grants (CDBG), level with FY19 enacted numbers and is $300 million below the House’s proposal.
$23.833 billion for Housing Choice Vouchers, $1.235 billion over FY19 and $23 million over the House’s bill.
$12.56 billion for Project-Based Rental Assistance, $813 million over FY19 and $30 million below the House’s bill.
$35 million for the Section 4 Capacity Building for Affordable Housing and Community Development Program, even with FY19 and $5 million below the House’s proposed FY20 funding.
$40 million for Section 515 Rental Housing Direct Loans, even with FY19 and $5 million below House numbers.
$12.144 million for 515 Rental Housing Direct subsidies and grants, $2.66 million above FY19 and $1.518 million below House numbers.
$251 million for the CDFI fund, $1 million above FY19 and $49 million below the House levels.
We hope that the Administration finalizes FY20 appropriations legislation as soon as possible.