Federal Update: FY14 HUD Funding Negotiations Resume

 

After returning from their August recess, Congressional negotiations of the Fiscal Year 2014 Budget have resumed, and with it, negotiations on the differing House and Senate budgets for the Fiscal Year 2014 HUD Appropriations (T-HUD) Bill, which funds all U.S. Department of Housing and Urban Development (HUD) programs. To review, the Senate bill would renew Housing Choice Vouchers and restore vouchers being eliminated under sequestration, allocating $17.6 billion in funding, while the House bill would lead to the elimination of nearly 100,000 housing vouchers.Critical housing and homelessness programs like Community Development Block Grant (CDBG), HOME Investment Partnership Program (HOME), McKinney-Vento Homeless Assistance Grants, and Section 8 vouchers are currently operating under a Continuing Resolution which will expire on September 30. If a decision is not reached by month’s end, the federal government will face a shutdown on October 1. It is likely that a short term stopgap measure will be set up to keep the government funded beyond the end of the fiscal year, until an ultimate agreement is reached.