1 / 9

Housing and Community Development Programs and Funding : A Federal Perspective

Housing and Community Development Programs and Funding : A Federal Perspective. Hilary Swab September 2012. Where We A re: Affordable Housing Landscape. Unmet Demand: O ver 600,000 Project-Based Section 8 units will expire between 2012-2017****

chiku
Download Presentation

Housing and Community Development Programs and Funding : A Federal Perspective

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Housing and Community Development Programs and Funding : A Federal Perspective Hilary Swab September 2012

  2. Where We Are: Affordable Housing Landscape Unmet Demand: Over 600,000 Project-Based Section 8 units will expire between 2012-2017**** From 1995 to 2009, 700,000 HUD subsidized units were lost to physical deterioration or market conversion.*** There are 10 households for every 3.7 available and affordable homes.**** 9,354,142 low-income renter households spend more than 50% their monthly income in housing costs. • Current Stock: • 4,952,191 low-income households receive housing assistance through federal rental assistance programs. • 33% are elderly • 23% are disabled • 35% are families with children* • 884,033Project-Based Section 8 units are occupied by extremely low-income individuals and families.* • 49% of voucher holders are elderly or disabled.** *Center on Budget and Policy Priorities. 2011. National: Federal Rental Assistance Facts. **Center on Budget and Policy Priorities. 2011. Large Majority of Housing Voucher Recipients Work, Are Elderly, Or Have Disabilities. *** Joint Center for Housing Studies. 2011. The State of The Nation’s Housing 2011. **** NHT Section 8 Data

  3. Where We Are: Federal Budget • Funding for HUD has decreased since 2010 • 2013 House and Senate THUD Bills Cut HUD Budget even further Source: Senate and House Appropriations Committees, HUD

  4. Where We Are: Federal Funding and Taxes for Housing

  5. Sequestration and Impact on HUD Programs* *Assuming 8.4% cuts, Source: CHCDF

  6. Where We Are Going: Federal Budget • Budget Control Act of 2011: • Imposes caps on discretionary spending that will reduce funding by more than $1 trillion over 10 years • Establishes across-the-board cut (sequestration) of all discretionary spending, beginning on January 2, 2013 • Housing and community development programs would face 8.4% cut in funding from the FY12 levels; • Six Month Continuing Resolution: • Funds the government at FY12 levels through end of March 2013; • Sequestration reduces rate of spending starting in January. • Expiration of Bush Tax Cuts: • All tax cuts expire on Dec. 31, 2012; • Tax Extenders stalled until after election. Source: Budget Control Act of 2011, Campaign for Housing and Community Development Funding (CHCDF)

  7. Making the Connection: Where HousingPrograms Intersect • Project Based Vouchers +LIHTC + Shelter Plus Care= Supportive Housing for Homeless Individuals in Milwaukee, WI. • The Johnston Center, developed by Mercy Housing, used a combination of funding from different programs that support affordable housing to renovate an abandoned hospital in Milwaukee to serve 91 homeless individuals. • Housed 12% of Milwaukee’s homeless population, put an abandoned building back into use and injected $12.7 million into Milwaukee’s local economy. • Project-Based Vouchers + Low Income Housing Tax Credit +Green Retrofit= Preservation of Affordable Apartments for Low-Income Seniors in Detroit, MI: • On the River, preserved by the Preservation Of Affordable Housing, purchased 8330 On the River as the property neared its expiration of rent restrictions in HUD’s 236 program; • Provides 280 affordable apartments to low-income households; prevented the building from being converted to market rents. • Included an $8 million interior and exterior renovation.

  8. What Can We Do? • Advocate for reducing federal deficits through responsible revenue increases and savings achieved by enacting programmatic changes. • Highlighting efficiencies in programs and savings realized in other federal programs: • For example: A one-year stay in elderly housing with supportive services costs approximately 50% less than a nursing home stay funded with Medicaid. • Promoting local success stories: • Highlighting: jobs created, tenant success stories; state/local funding support for project, economic impact on surrounding community. • Connecting with lawmakers in districts/states: • Utilize local partners to connect with lawmakers by inviting them for property tours, working-group meetings, policy forums. St. Dennis Apartments, Washington DC

  9. For More Information: Hilary Swab, National Housing Trust • Email: hswab@nhtinc.org • Address: 1101 30th St NW, Suite 400 Washington, DC 20007 • Phone: 202 333-8931 x130 • Web: www.nhtinc.org

More Related