Vice President for Housing Policy
Update, May 8: We’ve updated this post to correct the figure for the House bill’s funding cut relative to the 2014 level: the cut is $510 million.
The House Appropriations Committee will vote tomorrow on a 2015 spending bill for the Department of Housing and Urban Development (HUD) that cuts funding for rental assistance and anti-homelessness programs by $510 million below this year’s level, despite rising housing affordability problems. Here are five major problems with the bill:
In fairness to the House committee, it’s working under spending limits for non-defense discretionary programs that are too tight. (Adding to the problem, the Congressional Budget Office’s estimate of the 2015 receipts for the Federal Housing Administration’s mortgage insurance program — receipts that can offset program spending — are much lower than the Office of Management and Budget’s estimate.) But Congress needs to overcome these accounting problems and do better to help low-income families keep a roof over their heads.