Last week, the Trump administration proposed to cut more than $15 billion in previously approved funding to Non-Defense Discretionary programs, including cuts to vital affordable housing and community development programs. If enacted, the rescission package would cut:
- $41 million from Public Housing Capital Fund
- $23 million from the Community Development Financial Institutions (CDFI) Fund
- $40 million from USDA’s Rural Rental Assistance program
- $142 million from the Capital Magnet Fund
Under the rescission process, lawmakers have 45 days to vote on the plan or a scaled-back version of it. The House is expected to vote on the proposal as soon as this week before it moves to the Senate, where only a simple majority would be sufficient to enact the proposal.
Sign on to the National Housing Conference’s letter to members of Congress asking them to oppose harmful cuts to affordable housing and community development programs. All of these programs help to create and maintain vibrant communities, ensure people have access to affordable housing and spur economic and job growth. We are asking members of Congress to reject the proposed rescissions from these programs and to do so in a timely manner so that the agencies can continue to manage their budgets responsibly. I hope you’ll join us in this sign-on letter.
The deadline to sign on is COB Friday, May 18.