Federal Housing Budget, Policies and Programs


Our communities rely on local and state programs that often include public money. Most programs use a range of revenue sources, but the federal government funds are critical. 

While we can – and should - debate the appropriate role of government in the housing market, the fact is that over the last 80+ years, since the Great Depression, federal policies have evolved to better match housing market supply and demand. This involvement is necessary because the unincentivized private market simply cannot produce and sustain an adequate supply of homes available for lower-income households.

Today federal housing and community development programs provide essential capital, subsidies and incentives so that providers and developers, both for-profit and not-for-profit, can afford to offer more affordable homes.

While they don’t often make the evening news, many of these private/public partnerships are proven to be effective. They amount to an industry. It is an important and under-recognized sector of the economy, which, like homebuilding, generates jobs, economic activity and demand for products manufactured throughout the Commonwealth, all of which stays local. In fact, the Econsult Corporation found that every $1 invested in multifamily rehabilitation generates $2.28 in new money.

Some of the federal housing programs that work to help our communities are:

  • Public Housing
  • CDBG formula grants                                   
  • HOME                                               
  • Housing counseling                                       
  • Section  202                                                   
  • Section 811
  • USDA Rural Housing programs


News for Federal Housing Budget, Policies and Programs

Budget battle nears finish line

Operating under a stopgap CR set to expire on Jan 15th, appropriations leadership looks for final passage before Jan 17th recess.
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On the House: Worsening conditions for apartment renters

A recent report found that affordability problems for renters have skyrocketed over the last decade, both in number and the share of renters facing them.
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Urge Your Members of Congress to Fully Fund Housing Programs

It is critical that Congress provide sufficient funding to prevent further loss of affordable rental housing units for the nation’s lowest income households.
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U.S. rental rates on the rise as incomes drop

The growing gap between income and rental rates makes a focus on affordable housing policy paramount in 2014.
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House/Senate Leaders Release Budget Deal to Reduce Sequestration Cuts

Budget Deal is small in scale and falls short in some ways, but represents modest step forward.
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Congress negotiates FY 2014 spending level - ACT NOW!

It is crunch time to make sure that every Member knows the importance of HUD’s McKinney-Vento Homeless Assistance Grants in their communities.
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No Place Like Home

A report by the Center for American Progress on addressing poverty and homelessness in the United States.
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VA fears budget cuts will reverse drop in homelessness

The country has made progress toward its goal of ending veterans' homelessness by 2015, but budget cuts threaten the momentum, according to federal officials.
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Fannie, Freddie at turning point as new regulator enters

The new FHFA director is expected to take the two government-sponsored enterprises in a new direction and increase access to credit.
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