Contact Them Today to Prevent a $15 Billion Rescission Cut in Previously Approved Funding & Severe Cuts to Affordable Housing
The U.S. Senate will most likely be voting this week on “The Spending Cuts to Expired and Unnecessary Programs Act.” This bill would cut $15 billion in previously approved funding including severe Rescission cuts to affordable housing programs.
The rescission would take about $40 million from public housing, $40 million from rural rental assistance, and $141 million from the Capital Magnet Fund.
Monarch Housing Associates urges its partners and advocates to vote “no” on this bill.
If approved by the Senate, the bill will go directly to President Trump’s desk for his signature. The Senate must vote before Friday, June 22, 2018 in order for the bill to be approved by simple majority. After this date, it will require 60 votes to pass. The U.S. House of Representatives voted in favor of the rescission package on June 7, 2018.
- The bill will specifically remove funding for the Resident Opportunity and Self-Sufficiency (ROSS) program.
- This program allows public housing authorities to hire service coordinators to help residents access the resources available in their communities.
- These cuts would prevent all existing contracts from being renewed, severely harming rural residents.
- In addition, the cuts to the Capital Magnet Fund would reduce private-sector investments in affordable housing and community development.
Click here to read more about the bill.
If you are interested in learning more about why affordable housing is important, you should attend the Congressional Reception.
On July 25th, a Congressional Reception will be held at the Dirksen Senate Auditorium in Washington D.C. This event will allow New Jersey Residents who are working poor, below the poverty line and or impacted by homelessness to urge their elected officials in Washington to make No Cuts to Housing and remind them that pOportunity Starts at Home.
Register today to attend the Congressional Reception.
Click here for more information about the Congressional Reception. You can also follow @OppStartsatHome in order to learn more about the National Low Income Housing Coalition’s Opportunity Starts at Home Campaign. Follow the event with these hashtags #NJHillDay #NoHousingCuts and @OppStartsatHome.