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House T-HUD Subcommittee Decreases HUD Funding for FY2012


House Housing Subcommittee to Hold Second Hearing on SESA (SEVRA)

(from Memo to Members of the NLIHC) The Subcommittee on Insurance, Housing and Community Opportunity of the House Financial Services Committee has scheduled several housing hearings for September. The subcommittee will hold a second hearing on the draft Section Eight Savings Act (SESA) bill on September 23 at 10 am. SESA is the House Republican version of the Section Eight Voucher Reform Act (SEVRA), which did not pass in the prior Congress.

Super Committee Will Dominate Fall Agenda: HUD Funding In Danger


"Housing Vouchers Help, Not Hurt, Neighborhoods Hurt by Foreclosures" by Barbara Sard

(by Barbara Sard of the Center on Budget and Policy Priorities link here) Recent anecdotal reports suggest that some newly developed suburbs hit hard by the foreclosure crisis have seen an increase in the number of homes occupied by renters rather than owners, and that some of these renters are low-income families using federal housing vouchers. Critics accuse voucher holders of causing neighborhood decline, but the charge is inaccurate and unfair.

Federal Budget Deal Passes: What it Means



(from LISC) A summary of the impact of the debt ceiling increase deal on federal housing programs was provided by LISC. As others weigh in with further analysis we will bring it to your attention. Paraphrasing from this call to action, contact from you and your local leaders about local projects is without any doubt the most significant way to impact the congressional outcome.

What the Budget Deal Means on Federal Housing Programs

Breaking News: Budget Deal Reached & Cuts to Discretionary Programs Expected



(from Memo to Members) On July 31, House and Senate leadership and President Obama announced an agreement that would raise the federal debt limit by $2.4 trillion over the next 10 years, just days before an August 2 deadline to raise the federal debt ceiling.

High-Growth Jobs Not Keeping Up With Housing Costs


"Janitors face the highest level of difficulty when purchasing or renting homes across most housing markets." from Paycheck to Paycheck Report

(from Memo to Members) An analysis of wages across U.S. metropolitan areas illustrates that the five most frequently available jobs in the sector doing the most hiring in the first quarter of this year are generally not paying sufficient wages to cover the cost of housing.

House T-HUD Mark Up Put on Hold

(from National Low Income Housing Coalition) The Transportation, Housing and Urban Development (T-HUD) Subcommittee of the House Committee on Appropriations was scheduled to mark up its subcommittee bill on July 14, but cancelled the markup just days before. The markup has now been postponed until September at the earliest. The Subcommittee's allocation of $47.7 billion was 14% lower than the FY11 T-HUD appropriated amount. In order to craft a bill within that spending cap, the subcommittee would have had to dramatically decrease or eliminate funding for numerous programs.

House Subcommittee Votes to Eliminate NHTF

NHTF

(from Memo to Members of the National Low Income Housing Coalition) H.R. 2441, the Housing Trust Fund Elimination Act of 2011, was passed by the Subcommittee on Capital Markets and Government Sponsored Enterprises (GSEs) of the House Financial Services Subcommittee on July 12 on a party line vote of 18-14. The bill, introduced by Representative Ed Royce (R-CA), would abolish the National Housing Trust Fund (NHTF) as well as the Capital Magnet Fund.

Obama Administration Establishes White House Rural Council

(from Memo To Members, the National Low Income Housing Coalition) An executive order issued June 9 establishes the first ever White House Rural Council, with Agriculture Sectary Tom Vilsack as chair. The White House news release says the purpose of the council will be to "coordinate programs across government to encourage public-private partnerships to promote further economic prosperity and quality of life in rural communities nationwide." HUD is one of 23 federal agencies on the Council.

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