The Center on Budget and Policy Priorities recently held a webinar to discuss the impacts the federal budget will have on low income housing and community development programs. As expected the outlook is grim. With sequestration on the horizon and uncertainty as to whether Congress will be able to agree on a budget resolution, there are many unknowns. One thing that is certain is that funding levels will fall regardless of the outcome.
Below are estimated cuts to Connecticut funding if sequestration is implemented:
CDBG Formula Grants
HOME Program
Housing Choice Vouchers
Public Housing
Homeless Assistance
HOPWA (housing opportunities for persons with AIDS)
Click here for updated state-by-state sequestration estimates for major HUD programs
View the PowerPoint presentation from the 1/29/13 webinar- Next State of the Budget Battle: What Does it Mean for Low-Income Housing and Community Development?