The webinar included a budget overview, potential effects on affordable housing programs, and opportunities for advocacy.
The President’s budget brief is expected to be released on Thursday, March 16, 2017. President Trump has proposed to increase defense funding by $54 billion in fiscal year (FY) 2018, and cut non-defense discretionary (NDD) programs by an equal amount.
This would lower the FY 2018 NDD cap by 11%; after accounting for veterans’ health increase and excluding homeland security, other program cuts would be 15%.
There is not yet a budget proposal for the U.S. Dept. of Housing and Urban Development (HUD) budget but a 15%, $7.1 billion, cut would have devastating consequences for affordable housing.
As background, the Budget Control Act of 2011 caps forced housing and community development cuts. Under the Budget Control Act of 2011 cap on non-defense discretionary (NDD) spending, annual funding for HUD and USDA housing and community development programs has declined $4.7 billion (8.6%) from 2010 to 2016 (adj. for inflation)
Public housing and block grants have seen the deepest funding cuts
Sequestration caused the loss of housing vouchers for more than 80,000 households in 2013 and 2014, but PHAs restored these vouchers in 2015 and 2016
The Campaign for Housing and Community Development Funding works to ensure maximum federal resources for housing and community development.