The National Low Income Housing Coalition’s 2011 Advocates’ Guide to Housing and Community Development Policy is intended to provide advocates, policymakers, students, and others with information on the most relevant housing and housing-related programs and issues at the federal level, as well as information related to the community planning process.
President Obama and Speaker Boehner announced an agreement last night to avoid a partial government shutdown by reducing spending by $38 billion dollars. This is the largest real dollar-spending cut in American history. The immediate cuts included reductions in Community Development Block Grant (CDBG) and the Public Housing Operating Fund.
President Obama rejected a one week Continuing Resolution which included a price tag of $12 billion in budget cuts. Speaker Boehner said the House would not agree to a FY2011 budget unless it included “the largest cuts possible.” The President has requested meetings tommorow and Thursday to avoid a shutdown.
President Obama will be holding a negotiating session on the FY2011 budget on Tuesday April 5th. It is very likely that a deal will be announced after the meeting. This will establish the top line for the budget which will dertermine how the $33 billion in budget reductions by departments.
As we await the details of the $33 billion dollars in FY2011 budget cuts, the real battle begins to take shape. On April 5, 2011, Congressman Paul Ryan will release a budget for FY2012 and beyond that will include deep spending cuts, a plan to reduce the deficit as well as an effort to reduce the cost of Medicaid and Medicare.