On February 9, 2016, President Obama released his Fiscal Year (FY) 2017 Budget Request, including a proposal to fund the HOME Investment Partnerships (HOME) program at $950 million – matching the $50 million increase in funding that HOME supporters and Congressional champions secured in the FY 2016 budget.
Now it is Congress’s turn to start drafting its 2017 budget. It is critical that HOME supporters let Congress know just how important this program is to our communities and the families we serve.
The HOME Coalition is urging Congress to provide an FY 2017 appropriation for HOME an appropriation of at least $1.2 billion. The Coalition encourages all national, state, and local organizations to sign onto a national letter and share it with other organizations, government officials, and advocates.
Monarch Housing is proud to sign the letter and the deadline is Tuesday, March 1, 2016.
As background, for over 20 years, HOME has proven to be one of the most effective, locally driven tools to help states and communities address their most pressing housing challenges. Despite this success, HOME has been cut in half in recent years from more than $1.8 billion in 2010 to $900 million in 2015.
These cuts have made it more difficult for America’s most vulnerable residents – including low-income seniors, people with disabilities, families with children, and those experiencing homelessness – to access safe, decent, and affordable housing.
Last year, HOME saw a modest increase in funding to $950 million, but funding levels are still not robust enough to meet the critical need for affordable housing.