Affordable Housing and Tax Credit Developments NationallyHouse Appropriations Committee Releases the FY2012 Transportation, Housing and Urban Development Funding Bill

September 8, 2011by George Danneman

The House Appropriations Committee released the FY 2012 Transportation, Housing and Urban Development funding bill, which cuts the Department of Housing and Urban Development (HUD) budget by $3 billion.

The bill proposed the following levels for housing program funds:

• HOME Investment Partnerships Program- 25% reduction;

• Public Housing Capital Fund- 25% reduction;

• Section 202, Housing for the Elderly- 50% increase;

• Section 811, Housing for Persons with Disabilities- 31% increase;

• Community Development Block Grants- level with FY2011 but funds for administrative expenses are capped at 10%;

• McKinney-Vento Homeless Assistance Grants- level with FY2011;

• Public Housing Operation Fund- 16% reduction; and

• HOPE VI and Choice Neighborhoods Initiative: eliminated.

For additional information, click the following:

Press release

Subcommittee draft text of the legislation

Table comparing the draft legislation with the President’s request and the fiscal year 2011 levels

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