New Five Year Funding for Homeless Assistance
Vouchers and NHTF
On March 23, 2016, House Financial Services Committee Ranking Member Maxine Waters (D-CA) introduced The Ending Homelessness Act of 2016.
This legislation would provide $13.27 billion in new funding over five years to several programs and initiatives that would provide significant resources to end homelessness in America.
The legislation would provide:
- $5 billion in McKinney-Vento Homeless Assistance Grants funding, which would fund 85,000 new permanent supportive housing units. This amount is estimated as enough to end chronic homelessness.
- $2.5 billion for special purpose Section 8 Housing Choice Vouchers (HCV), which is expected to provide affordable housing for homeless families, youth, and individuals.
- $1.05 billion annually in mandatory spending dedicated to the National Housing Trust Fund (NHTF.)
“It is all too common to hear Members on both sides of the aisle express their concerns about the homeless, but it takes more than sympathy to address this issue; it takes robust resources.
That is why today I introduced a bill that will finally provide the funds necessary to end homelessness in this country. For far too long, we have lacked the resources to help all of those in need and I urge my colleagues to support this bill if they are serious about achieving this goal. It is simply shameful that there are nearly 600,000 homeless people living on the streets in the richest country in the world. But this is not an insurmountable problem. We know how to end homelessness in America; what is lacking is the political will to put the necessary resources behind the solutions we know will work.”
Ms. Waters said.
These funds are in addition to the annual funding amounts for existing U.S. Department of Housing and Urban Development (HUD) programs.