The Office of Management and Budget has requested $15.4 billion in cuts from resources already allocated to federal agencies in a rescissions package sent to Congress today. Included in the request is a cut of over $257 million in housing and community development funds, including HUD’s Public Housing Capital Fund, Treasury’s Community Development Financial Institutions and Capital Magnet Funds, and USDA’s Rental Assistance and Community Facilities programs.
NHC’s president and CEO David M. Dworkin says that the omnibus FY 2018 funding bill released tonight “is the most important housing legislation in many years.”
In his March 11 remarks at the National League of Cities’ Congressional City Conference, NHC President & CEO David Dworkin emphasized the importance of strengthening the effectiveness of the Community Reinvestment Act (CRA).
National Housing Conference sign-on letter to Senate leadership supports confirmation of Brian Montgomery for FHA commissioner
The National Housing Conference (NHC) sent a letter signed by 44 organizations Friday to Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles E. Schumer (D-N.Y.) expressing enthusiastic support for confirmation of Brian D. Montgomery as Department of Housing and Urban Development’s (HUD) assistant secretary for housing and Federal Housing Administration (FHA) commissioner.
The Trump administration released a budget proposal for FY 2019 that cuts more than $8 billion from programs that invest in the American Home, while doing nothing to address historic increases in the national debt, already more than $20 trillion. If enacted by Congress, these cuts would harm millions of American renters and homeowners while undercutting years of successful redevelopment of American communities of all sizes.
President Trump has called for “our New American Moment,” declaring that “there has never been a better time to start living the American dream.” But there is no American dream without the American Home.
The National Housing Conference (NHC) announced today that David M. Dworkin officially joined NHC on January 16, 2018 as its next President and CEO