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

Location Affordability Portal

A new database combines housing and transportation costs to help consumers have a clearer picture for decision-making.
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Sequester fallout

Months later, a new report from NDD United details how budget cuts have made us sicker, poorer, and less secure.
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CFPB Launches Tool to Help Consumers Find Housing Counselors

Offers Guidance to Industry on Providing List of Homeownership Counseling Organizations to Consumers.
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The United for Homes proposal would help thousands of renters and homeowners in Pennsylvania

The campaign proposes reducing the size of a mortgage eligible for a tax break from $1 million to $500,000, and converting the deduction to a 15% non-refundable credit.
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Erie Housing Authority receives $462,000 federal self-sufficiency grant

The Erie Housing Authority has received a $462,000 grant from the federal Department of Housing and Urban Development to help residents become more economically self-sufficient and eventually leave public housing.
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We need tough spending priorities to eliminate child homelessness

The solution to child homelessness is increasing the supply of affordable family housing and achieving economic self-sufficiency for parents.
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Tax breaks for housing look safe for this year despite reform efforts in Congress

The budget stalemate removed even the remotest possibility that Congress could undertake fundamental tax reforms curtailing housing breaks this year.
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Everything You Should Know About a Budget Conference

The Committee for a Responsible Federal Budget takes an in-depth look at the process and what it could accomplish.
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