Prior to departing Washington, DC for their August recess, congressional leaders were able to reach a deal on a stopgap funding measure, also known as a Continuing Resolution or CR, to fund the government beyond the end of the current fiscal year on September 30, 2012.
Recognizing that due to the August and September recesses, they would be unable to reach a deal on all federal appropriations bills prior to September 30, both the House and Senate informally agreed to a six-month stopgap funding measure. The measure will fund the government until approximately March 2013 with nearly all programs funded at their FY 2012 levels until they can reach a final deal on FY 2013 appropriations.
Money from the U.S. Dept. of Housing and Urban Development’s (HUD’s) Homeless Assistance account for the Continuum of Care and ESG programs will not be released until well after March, so the CR will have no effect on those programs.
The details of the legislation have not yet been hammered out, but it is likely that Congress will formalize and pass the stopgap funding measure at some point soon after they return from the August recess on September 10. They are only expected to remain in session for two weeks. Thus, there is still plenty of time to schedule a site visit this year. Click here for help in scheduling a site visit.
Monarch Housing Associates will work with our national partners in Washington to keep you posted on the measure and any changes to key programs’ funding levels that it may include.