U.S. House Appropriations Committee approves 17% cut to Transportation and HUD funds
Yesterday evening, the U.S. House Appropriations Committee voted 27-22 to advance legislation that would cut funding for the Department of Housing and Urban Development and Department of Transportation by 17% or $11.6 billion. This represents the deepest cut to federal programs targeted by U.S. House leadership in the FY11 budget . Agriculture appropriations would be cut by 14% and Financial Services and General Government funds, those that support independent federal agencies such as the Federal Deposit Insurance Corporation, were cut 13%.
The Indiana Association of Community Economic Development, a member of the National Association for Community Economic Development, joined other members of the Campaign for Housing and Community Development Funding in sending a letter to U.S. House and Senate leadership expressing extreme concern about the funding levels proposed in H.R. 38. Cutting programs such as CDBG, HOME, Hope VI, Section 8, HUD Housing Counseling, Rural Housing and Economic Development, McKinney-Vento Homeless Assistance Grants, Section 202 housing for the elderly, and Section 811 housing for the disabled would have devastating implications for IACED member organizations. During this critical time in our economy, cuts this large would destabilize communities across Indiana. IACED will be reaching out to our members with frequent updates and action alerts as the budget process progresses.
Click here to read Politico’s coverage of the U.S House Appropriations Committee vote and the budget battles that loom ahead among the U.S. House, Senate and the Obama Administration.