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

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Presentation on theme: "Housing and Community Development Programs and Funding : A Federal Perspective Hilary Swab September 2012."— Presentation transcript:

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

2 Where We Are: Affordable Housing Landscape 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* 884,033 Project-Based Section 8 units are occupied by extremely low-income individuals and families.* 49% of voucher holders are elderly or disabled.** 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. *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 HUD Program FY12 Funding ($ in millions) Sequester Cut ($ in millions) Households Tenant Based-Rental Assistance $18,914-$1,629 185,000 households would lose rental assistance in 2013 and these losses would be permanent if funding is not restored at a later time Project Based-Rental Assistance 9,340-830 92,400 households would lose housing within several years if cuts are not restored Homeless Assistance Grants 1,901-180 145,900 people would be homeless instead of housed Community Development Block Grants 2,948-260 8,585 persons would not receive housing assistance 165,087 persons would not benefit from public improvements, including 7,688 seniors, homeless people, or people w/disabilities 846,857 persons would not benefits from public services including 46,039 homeless AIDS patients; 18,009 people with disabilities; and 18,580 people who would not receive homebuyer counseling Home Investment Partnerships Program 1,000-84 4,531 households would not receive new or rehabilitated rental and ownership housing Housing for the Elderly375-32 114,000 households would receive reduced unit maintenance and supportive services Housing for Persons with Disabilities 165-13 Reduction in new housing units targeting persons with disabilities; 24,571 households would receive reduced unit maintenance and supportive services

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 Housing Programs 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  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. What Can We Do? St. Dennis Apartments, Washington DC

9 For More Information: Hilary Swab, National Housing Trust   Address:1101 30 th St NW, Suite 400 Washington, DC 20007  Phone:202 333-8931 x130 

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