Proposed Rescissions Package Would Cut Millions from Critical Investments in Affordable Housing
On May 9, 2018, the Trump administration proposed rescissions that would cut $15.3 billion in previously approved funding to domestic programs, including cuts to vital affordable housing and community development programs.
Now is the time to tell our senators and representatives that you oppose the rescission package. At a time when federal housing investments are needed more than ever, Congress should expand – not cut – critically needed resources.
Click here for the contact information that you need to urge U.S. Senators Cory Booker (D) and Robert Menendez (D) and our twelve House members to oppose President Trump’s rescission proposal that would cut funding needed to address public housing capital repairs and other critical investments in affordable housing.
Months after enacting more than $1.9 trillion in tax cuts for billionaires and corporations, the Trump administration has asked Congress to rescind $15.3 billion in funding previously approved by Congress. The president has promised to put forward additional rescissions in the coming months.
If enacted, the rescission package would cut:
- $41 million from public housing,
- $23 million from the Community Development Financial Institutions (CDFI) Fund,
- $40 million from USDA’s Rural Rental Assistance program, and
- $142 million from the Capital Magnet Fund.
Under the rescission process, lawmakers have 45 days to vote on the plan or a scaled-back version of it. The House is expected to vote on the proposal as soon as this week before it moves to the Senate, where only a simple majority – or 50 votes with Vice President Mike Pence serving as a tie-breaker – may be sufficient to enact the proposal.
Now more than ever, we need you to join us in Washington, DC on Wednesday, July 25, 2018 for our Congressional Reception with the themes “No Cuts to Housing” and “Opportunity Starts at Home.”
This year’s Congressional Reception builds on the success of the 2016 and 2017 Congressional Receptions. We will travel by bus from New Jersey to Capitol Hill and remind our elected officials in Washington that cuts are hurting our communities that serve low-income families, the homeless and those with special needs.