Presenters on the call outlined the following potential national impacts of the proposed Senate cuts:
Increased the risk of homelessness for more than 8,800 families who receive tenant-based rental assistance annually.
39,000 fewer affordable housing units will be built or preserved annually. This comes at a time when our nation’s affordable housing crisis has reached record highs.
Limited access to the Low Income Housing Tax Credit. Since 2010, more than one-third (37%) of all HOME funds are used in LIHTC projects. A quarter (25%) of all LIHTC – financed developments also use HOME dollars.
Advocates are encouraged to use this August recess, which goes until Monday, September 7, 2105, to engage Senators and Representatives around the critical issue of HOME funding.
The HOME Coalition suggests 4 ways that advocates can work to #SaveHOME: