CBPP Analyzes FY14 Omnibus Budget

More Hopeful Funding Picture
Than for Homelessness Assistance

CBPP Analyzes FY14 Omnibus Budget The Center on Budget and Policy Priorities (CBPP) offers a somewhat hopeful analysis of the 2014 omnibus appropriations for the Transportation and Housing and Urban Development (T-HUD) bill.

CBPP assesses that no new funding will be awarded to the Continuums of Cares (CoCs) for homeless assistance through the 2014 appropriation.

“Because of sequestration cuts, most housing agencies were reducing the number of families they served in the second half of 2013, which makes it unusually challenging to predict the overall cost of renewing vouchers in 2014 until complete validated data for the entire calendar year are available. With this caveat in mind, we are nevertheless confident that the bill amount will fully fund the renewal of vouchers (Housing Choice) in use on average in 2013, particularly if HUD makes use of the reserve offset authority, if needed, to reduce any proration that would otherwise occur.”

Click here for the CBPP analysis.