Oregon’s congressional delegation needs to hear from you. Take action in support of increased federal funding for affordable housing and homeless services.
President Joe Biden and HUD Secretary Marcia L. Fudge’s full fiscal year (FY) 2023 budget request proposes to fund HUD programs at $71.9 billion, approximately $12.3 billion more than the FY21 level, or $6.2 billion more than the final FY22 level, and it would provide substantial federal investments in affordable homes and increase the availability of housing assistance to families with the greatest needs. For full details, see NLIHC’s updated budget chart.
Opportunities for Action
HOME – federal financing source for soft funding in properties assisted by LIHTC
The HOME Coalition and National Alliance of Community Economic Development Associations (NACEDA) is urging Congress to provide $2.5 billion for the Department of Housing and Urban Development’s HOME Investment Partnerships (HOME) program for Fiscal Year (FY) 2023.
For nearly three decades, HOME has been one of the most effective and flexible tools for states and localities to meet their affordable housing needs, including production and preservation of rental homes, single-family home construction, homeowner rehabilitation, and tenant-based rental assistance. Since 1992, the program has supported over 1.34 million units of affordable housing for renters, home buyers, and homeowners — many of which are targeted to very low-income or extremely low-income households. Eighty-two percent of HOME rental units are occupied by very low-income or extremely low-income renters, and more than half of the home buyers assisted through HOME earn less than 60 percent of AMI.
HOME is the most important federal financing source for soft funding in properties assisted by the Low-Income Housing Tax Credit (Housing Credit) and other programs. HOME makes many affordable housing developments financially feasible and allows deeper income targeting to serve persons experiencing homelessness, seniors, veterans, and persons with disabilities. A total of $6.5 billion in HOME was invested in Housing Credit developments from 2010 to 2021, with HOME providing $933,000 on average in each Housing Credit project.
Learn more about HOME funding and sign-on letter HERE
Contact your congressional Representative HERE
Contact your Senators HERE
Housing vouchers, public housing, homeless services, tribal housing
The National Low Income Housing Coalition is advocating to:
- Provide $32.1 billion to renew all existing Housing Choice Voucher Contracts and expand vouchers to at least 200,000 more low-income households;
- Allocate $5.125 billion for the Public Housing Capital Fund and $5.06 billion for the Public Housing Operating Fund;
- Help end homelessness through an investment of at least $3.6 billion in HUD’s Homeless Assistance Grant programs;
- Prevent evictions through an investment of at least $100 million for legal aid services; and
- Address the severe housing needs in tribal nations by funding the competitive tribal housing block grant program at $300 million and target it to communities with the greatest needs.
Read NLIHC’s analysis HERE.
Contact your congressional Representatives and Senators HERE
Your organization can sign on to the Campaign for Housing and Community Development Funding’s letter urging Congress to work together to ensure affordable housing and community development programs receive the highest allocation of discretionary funds possible in fiscal year 2023. There is a May 15 deadline to sign on.