Unlike many of the spending cuts or tax measures, which provisions in the new bill either extended for a year or made permanent, sequestration was delayed for only two months, until early March.
H.R. 8, the fiscal cliff bill, lowers the caps for discretionary spending in FY13 by $2 billion, which would alter negatively the trajectory of HUD appropriations for the current fiscal year.
Homelessness could be effectively eradicated in the United States at an annual cost of about $20 billion. The housing department’s budget for addressing homelessness is currently about $1.9 billion
The deal turns off two months of the $109 billion in cuts for 2013 that were to take place by the brutal process of sequestration, but in March the $85 billion in remaining cuts will hit.
The article calls for the need to fund the National Housing Trust Fund and for “a fundamental shift in housing policy” including funding for Housing First.