Archive for the ‘Federal Budget’ Category

October 2016 News & Legislative Update

Congress’ anticipated Continuing Resolution will fund federal housing and homeless programs at FY 2016 levels until December 9. At the state level, housing advocates are sharing the alarming data released in the annual Residential Rental Cost Survey indicating a severe shortage in the supply of affordable rental homes, generating workforce challenges and undermining economic recovery for New Hampshire families. Click here to read the October Update.

May 2016 News & Legislative Update

Advocacy for inclusion of recovery housing in the state’s response to the substance use disorder crisis remains a priority of Housing Action NH’s work at the state level. At the federal level, members of NH’s congressional delegation have been leading the way on necessary reforms to rural housing programs to protect affordable units and tenants.

Click here for an update on these and other housing and homelessness topics.

 

News & Legislative Update Feb. 2016

At the State House, Housing Action NH and our coalition members have been actively supporting the reauthorization of the NH Health Protection Program and advocating for supportive housing for those with substance use disorders.

Good news came from the Obama Administration, which just proposed unprecedented new funding to help end family homelessness. In Congress, housing advocates cheered the unanimous passage of the Housing Opportunity Through Modernization Act (HOTMA). HOTMA contains important efficiencies for federal housing programs.

Click here to read our February 2016 Update for details on these topics and more.

FY16 Federal Budget & Tax Extenders Update

Congress has released the text of the omnibus spending bill and the tax extenders package. The omnibus funds all 12 appropriations bills, including the T-HUD and USDA bills, for FY16. The House and Senate are expected to vote on the omnibus and the tax extenders package by the end of this week.

Included in the omnibus and tax extenders bills are several potential victories for housing advocates:

HOME: The HOME program, cut by almost 93% in a prior version coming from the Senate Appropriations Committee, was restored to a level of $950 million. This will likely keep New Hampshire’s HOME program running at the small state minimum level of $3 million. Both Senator Shaheen and Governor Hassan assisted with HOME advocacy. Senator Shaheen had cosponsored an amendment to restore HOME funds and Governor Hassan signed a letter with five other New England Governors calling for strong support for HOME.

Homeless Assistance Grants: The omnibus increases Homeless Assistance Grants from FY15’s $2.135B to $2.250B.

Housing Tax Credit: The tax extenders package would permanently extend the minimum 9 percent credit rate (and make it retroactive to January 1, 2015) for new construction and substantial rehabilitation using the Low Income Housing Tax Credit program (LIHTC). The permanent minimum 9 percent rate is considered a major victory, as it is expected to strengthen the Housing Credit by simplifying program administration and allowing states to allocate more Housing Credit equity into individual developments. The bill does not, however, establish a minimum 4 percent credit rate for acquisition that housing advocates had requested.

Public Housing Operating and Capital Funds: The package includes small increases for public housing authorities.

National Housing Trust Fund (NHTF): No NHTF funds are raided in the omnibus. A prior House proposal would have raided 100% of the NHTF’s funds in 2016 and used them to fund the HOME program. If the omnibus is passed, the National Housing Trust Fund will be on track to deliver its first resources to states in 2016 for the production, preservation, and operation of predominantly affordable rental housing for extremely low income households.

USDA Rural Development: Within USDA’s Rural Development appropriations, the omnibus would provide $1.38 billion for Section 521 Rental Assistance, a significant increase compared to FY15’s $1.167 billion, which proved significantly insufficient to meet FY15’s renewal needs. The omnibus bill would also increase funds for the rural housing voucher program.

New VASH Vouchers: The spending package includes new rental assistance vouchers for veterans, a key tool needed to end veterans’ homelessness.

Housing Action NH calls on the NH Congressional delegation to support passage of the omnibus and tax extenders bills. 

We will update you on any further developments.

2015 T-HUD Budget Passes House Appropriations

The House Appropriations Committee passed its Transportation-Housing & Urban Development (T-HUD) bill last week in a 28-21 vote. While the House bill level funds many key programs, the proposed cut to HOME could be another hit to this valued program if not restored in the Senate. Advocates are also seeking restoration of all of the vouchers lost to sequestration. Click here for an updated budget chart with line-by-line comparisons since FY10.

2015 Budget

After receiving President Obama’s budget request March 4, Congressional appropriators began work on their FY ‘15 spending bills. House and Senate Appropriations Committees are now working to divide the total spending amount for the fiscal year among the 12 appropriations subcommittees, resulting in what are called the 302(b) allocations. Both the House and Senate Appropriations Committee chairs stated that they will proceed with establishing 302(b) subcommittee allocations within the FY15 spending caps, not the higher amount requested by the Administration. See http://bit.ly/MLyt2i for updated Federal budget charts.