Skip to main content

NLIHC Slams Effort to Defund National Housing Trust Fund

Apr 29, 2015
Congress

The National Low Income Housing Coalition (NLIHC) is calling on members of Congress to reject the proposed appropriations bill for Transportation, Housing and Urban Development, and Related Agencies (THUD), stating that it would bring “serious damage to federal housing programs that aid some of the poorest and most vulnerable families in the nation.”

The NLIHC raised its concern that the appropriations bill would direct all funding for the National Housing Trust Fund (NHTF) into the HOME Program and prohibit Congress from putting any other money into the NHTF. The group also stated that the bill would cut HOME appropriations to $767 million from its current $900 million level and lower the expenditures for project-based rental assistance by $276 million. Furthermore, the group claimed the bill would cut the federal Housing for Persons with Disabilities program to the point that no new housing units would be created under this program in the coming fiscal year.

“The House THUD bill released today expresses a callous disregard for the plight of millions of Americans who labor in the low wage workforce and still cannot find modest housing they can afford to rent,” said Sheila Crowley, president and CEO of the NLIHC. “It ignores the shortage of affordable housing for poor seniors and people with disabilities. A U.S. House of Representatives that could pass a bill like this while cutting taxes for corporations and wealthy people is one that is out of touch with the American people want from their government.” 

About the author
Published
Apr 29, 2015
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.