Donovan: Sequestration could devastate Fed housing programs

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HUD Says Spending Cuts Could Devastate Housing Programs. – March 2013 HUD Says Spending Cuts Could Devastate Housing Programs. U.S. Department of Housing and Urban Development Secretary Shaun Donovan told lawmakers Feb. 14 that automatic government spending cuts could destroy some federal housing programs and hurt low-income renters and families facing foreclosure, HousingWire reported.

Chaka Fattah failed on a party-line vote as the Appropriations Committee debated a $55 billion measure funding transportation and housing programs. system but the network is not yet functioning,

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Sequestration would also cut $212 million from HUD’s HOME and Community Development Block Grant programs, Donovan said, adding that communities receiving the funds could lose nearly half a billion dollars in private funding because they would no longer be able to leverage federal dollars.

All total, for programs affected by sequestration, the cuts scheduled to take effect in January would equal around 7.8 percent in FY 2013, according to Federal Funds Information for States, which.

The particular issue with Section 8 vouchers, which are awarded to qualified applicants to pay parts of their rents at private rental units, is that voucher awards are calculated based on the.

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Ensuring NAHMA Members Receive the Latest News and Analysis of. against enacting sequestration for housing programs when testifying before Congress. He called. Sequestration Would Devastate Low Income Housing Programs." National Low-Income Housing Coalition,

The Federal Housing Finance Agency. taking a different route. At NASA, sequestration could delay American flights taking astronauts to the International Space Station. But since the end of the.

In late November, though, HUD said the budget for its existing homelessness-assistance programs would be cut by 5 percent, partly because of flat funding from Congress and the impact of sequestration,

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