While this level is nearly $100 million above the FY 2012 level, the National Alliance to End Homelessness (the Alliance) estimates it would not be sufficient to fund all Continuum of Care (CoC) renewals and maintain the existing level of Emergency Solutions Grant (ESG) activities. What would no new McKinney funding mean for NJ?
As a result, the Alliance estimates that more than 25,000 people would be homeless instead of housed if this proposal is enacted into law. The proposed level of $2 billion is approximately $230 million below the amount requested by the President in his FY 2013 Budget Proposal and is nearly $150 million below the amount proposed by the Senate.
In addition, the bill maintains level or provides increased funding for a number of other key affordable housing and homeless assistance programs, including:
$19.1 billion for Section 8 Tenant-Based Rental Assistance, including $75 million for approximately 10,000 new HUD – Department of Veterans Affairs Supportive Housing (HUD-VASH) vouchers;
$3.3 billion for the Community Development Block Grant (CDBG), nearly $400 million above the FY 2012 level;
$1.2 billion for the HOME Investment Partnership Program, $200 million above the FY 2012 level; and
$4.5 billion for the Public Housing Operating Fund, an increase of over $560 million above the FY 2012 level.
The full House Appropriations Committee will vote on tis recommendation as soon as next week. The Senate Appropriations Committee has already approved its version of the legislation, which included $2.146 billion for HUD’s McKinney-Vento programs.