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House Subcommittee Approves Their FY2016 THUD Budget

Center on Budget and Policy Priorities
 

The House Appropriations Subcommittee on Transportation and Housing and Urban Development (THUD) recently approved its FY 2016 Transportation-HUD funding bill. The proposed bill falls short on the funding needed to serve low-income individuals and vulnerable families to the dismay of housing advocates.

The bill provides the following allocations:

  • $19.919 billion for the Housing Choice Voucher Program’s Tenant Based Rental Assistance, an increase of $665 million from what was enacted in FY15, but $183 million less than what HUD estimates is needed to fully fund all existing vouchers.
  • Section 8 Project-Based Rental Assistance is funded at $10.654 billion, a $984 million increase over FY15 levels, but still well short of the funding increase that HUD requested in order to renew current vouchers and acquire new contracts with property owners.
  • $2.185 billion in funding for Homeless Assistance Grants-this includes $250 million in funding for Emergency Solutions Grants and $1,905 million for Continuum of Care and Rural Housing Stability Assistance Programs. In addition, $5 million is set aside for the homeless data analysis project.
  • $767 million for the HOME program, $133 million less than the President’s request. Unfortunately, the House Subcommittee plans to leverage the National Housing Trust Fund to offset the funding cuts. Read more about that here
  • Community Development Fund receives the same funding as in FY15, $3.060 billion.
  • $1.681 billion is set aside for Public Housing Capital Fund, significantly less than the $1.875 billion enacted for FY15 and the President’s request of $1.970 billion. The Public Housing Operating Fund allocation would remain unchanged from the $4.440 billion enacted in FY15.
  • Section 811 receives a $17 million increase for housing programs for disable individuals and $25 million to maintain current Section 811 vouchers. There is no funding for new units in this budget.  
  • $414 million for Section 202- a decrease of $44 million from FY15 and excludes funding for new Section 202 units development.

The bill fails to allocate the $512 million requested by the President to restore the estimated 67,000 housing vouchers that were lost due to sequestration. As a result, 30,000 individuals and families experiencing homelessness that would have benefited from those vouchers may be at risk of poor housing options.

Click here to read the bill.

The Center on Budget and Policy Priorities has a blog post from Doug Rice on the bill here

A summary of the bill by the National Low-Income Housing Coalition is available here.

NLIHC’s FY16 budget chart is available here.  

 
 

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