Last week, the President released a report on sequestration that includes calculations of the amounts and percentages by which funding will be required to be reduced and a list of reductions required for each non-exempt budget account.
The cover letter to the report states:
“The threat of destructive across-the-board cuts under the BCA was intended to drive both sides to compromise.”
Unfortunately, this has not yet been the case.
Among the cuts to HUD programs are:
Homeless Assistance – $96 million
Tenant Based Rental Assistance – $938 million
Project-based Rental Assistance – $470 million
Public Housing Capital Fund – $94 million
Community Development Fund – $965 million
Home Investment Partnership Program – $50 million
Click here for the full report. The impact on the HUD budget begins on page 44.