Publication Date: May 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Douglas Rice; Barbara Sard
Research Area: Banking and finance; Social conditions
Keywords: Economic projections; Federal budget; Housing preservation; Low-income housing
As this analysis shows, Congress must provide an estimated $2.8 billion more than the President’s budget requested for the three largest HUD programs in 2008 (Section 8 vouchers, Section 8 project-based rental assistance, and public housing) just to prevent families from losing housing assistance and to avert the further deterioration of public housing. This report briefly outlines the major funding issues for each of those three programs for the coming year.