This week, the Non-Defense Discretionary (NDD) United coalition released a report on the impact of sequestration. Sequestration refers to the across-the-board budget cuts to federal programs that are subject to annual appropriations (also known as discretionary funding) that took effect on March 1, 2013 in accordance with the Budget Control Act (BCA) of 2011. Sequestration cut nearly all HUD-administered programs by 5%.
“These 2013 cuts will have serious repercussions for years to come if they are not reversed quickly. Fewer housing vouchers used in 2013 may result in permanent loss of units; deferral of public housing repairs may result in shuttering of units. Delaying development projects may dissuade private investors from partnering with the government and results in fewer new housing units.”
The NDD United coalition has asked for the Conference Committee to replace sequestration with a balanced approach to deficit reduction. NLIHC is on the NDD steering committee and a sponsor of the report.