Commitment to Protecting HTF, LIHTC and All Affordable Housing Funding
On Friday, November 11, 2016, National Low Income Housing Coalition President Diane Yentel wrote the NLIHC membership with a post-election update.
“The stunning election results are still sinking in, and there remain more questions than answers to what it all means. In all the uncertainty, this much is clear: Donald Trump is our next president, he’ll be working with a Republican-led Senate and House of Representatives, and they will advance policy and spending proposals that will have major impacts on affordable housing programs, the millions of low income people who depend on them, and the millions more who are in need.”
Housing and homeless advocates are awaiting the announcement of who will be the next Department of Housing and Urban Development (HUD) Secretary.
- Former Massachusetts Senator Scott Brown
- Pamela Patenaude, president of the J.Ronald Terwillinger Foundation for Housing America’s Families.
“Both Ms. Patenaude and Senator Brown have deep knowledge of, experience with and proven commitments to affordable housing. Both would be excellent choices.”
Unfortunately, “Also on the shortlist for HUD secretary, however, are Westchester County Executive Rob Astorino, who has spent over a decade fighting his obligations under the Fair Housing Act, and Ken Blackwell, a senior fellow at the Family Research Council. Who President-elect Trump decides to nominate will give us important insights into his priorities for housing programs.”
With Republicans controlling both the House and Senate, non-defense spending and that Low Income Housing Tax Credit program will be at great risk.
Also at great risk is the national Housing Trust Fund (HTF) “which may be threatened from multiple angles.” A potential change in leadership at the Federal Housing Finance Agency (FHFA) could affect contributions to the HTF from Fannie Mae and Freddie Mac.
“Here’s the bottom line: We have our work cut out for us in the coming years. The threats to critical affordable housing programs that serve the poorest households are real and significant. With the housing crisis having reached new heights, and with the lowest income families being hit hardest and suffering the most, we have to redouble our efforts – to not only protect, preserve and defend critical housing programs, but to demand more.
This work has never been easy – increasing resources for the poorest seniors, families, kids, people with disabilities, and veterans has always required a long and determined struggle. Did the work just get harder? Yes. But our commitment to ending homelessness and housing poverty is unwavering. And knowing that there are hundreds of thousands of us uniting behind this cause makes me confident we will prevail in the end.”