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2013 Federal Housing Programs Update

(from Capitol Express of Enterprise Community Partners) On June 7, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) marked up its fiscal year (FY) 2013 appropriations bill.

The Subcommittee’s spending allocation was $1.8 billion less than the Senate’s THUD Subcommittee allocation. The majority of this funding gap impacted the Project-Based Rental Assistance (PBRA) account, which was funded $1.2 billion below the Senate bill. Similar to the administration’s request, the House THUD Subcommittee PBRA funding level would require that existing PBRA contracts be short-funded for less than 12 months. The House THUD Subcommittee recommended comparable, albeit slightly smaller funding levels than the Senate for the majority of the remaining affordable housing and community development programs in HUD’s jurisdiction. Two notable exceptions were the federal block grants, the HOME Investment Partnerships and Community Development Block Grant programs, which received funding increases of $200 million and $244 million above the FY 2013 Senate bill, respectively.
In addition, the House Appropriations Subcommittee on Agriculture marked up its FY 2013 appropriations bill on June 6. The House bill would provide lower funding than the Senate's appropriations bill for most rural housing programs, including the Section 521 Rental Assistance and Multifamily Preservation Revitalization Program accounts.
The full House Committee on Appropriations may mark up the THUD bill the week of June 18, at which time amendments will be offered. Representative Tom Latham (R-Iowa), Chair of the THUD Appropriations Subcommittee, said he plans to have the bill brought to the full House floor for a vote this summer, possibly soon after the full Committee votes on the bill. Enterprise Community Partners has a complete budget chart here and summary available here.

(from Affordable Rental Housing Action and the A.C.T.I.O.N campaign) On June 8, the House Ways and Means Subcommittee on Select Revenue Measures held a hearing to explore ideas on the framework that Congress should adopt to evaluate tax extenders, and metrics against which Congress should test the merits of tax provisions. In his written testimony, Aaron Gornstein, the Undersecretary for Housing and Community Development of Massachusetts, encouraged Congress to support the A.C.T.I.O.N. proposal legislation (H.R. 3661) and preserve the Housing Credit in tax reform. On June 11, Senate Finance Committee Chairman Max Baucus (D-MT) outlined his broad principles for tax reform at the Bipartisan Policy Center. Chairman Baucus stated that tax reform should increase net revenues to reduce the federal budget deficit and create opportunities for shared growth, instead of a tax system that “gives the most help to those who already have the most opportunities.” Chairman Baucus also added that he is making progress on a detailed tax reform proposal that will attract bipartisan support.

A.C.T.I.O.N. campaign members have met with numerous offices in both the House of Representatives and Senate over the past two weeks. These meetings have produced a significant amount of additional co-sponsors for the A.C.T.I.O.N. proposal legislation in both chambers of Congress. Representatives Erik Paulsen (R-MN-3rd), Barbara Lee (D-CA-9th), Steven LaTourette (R-OH-14th), Robert Dold (R-IL-10th), Michael Turner (R-OH-3rd), William Clay (D-MO-1st), and Timothy Walz (D-MN-1st) have recently co-sponsored H.R. 3661, and Senators Daniel Inouye (D-HI), Carl Levin (D-MI), Charles Schumer (D-NY), and Barbara Boxer (D-CA) have recently co-sponsored S.1989.

Campaign members are encouraged to visit http://lihtc.findthedata.org which provides detailed information on Housing Credit properties placed in service from 1987 through 2009.