Federal Housing Advocacy Issues
HOME Investment Partnerships Program
The National Home Coalition notes that: "Despite the modest increase that Congress provided HOME in FY 2016, the program has been cut in half in recent years, from more than $1.8 billion in FY 2010 to $950 million last year. This reduction comes at a time when recent studies have found that almost half of renter households are cost-burdened and more than a quarter spend more than 50 percent of their income on rent. At the same time, due to funding limitations, only one in four low-income families eligible for housing assistance actually receive assistance. As a result, these cuts have only made it more difficult for America's most vulnerable residents - including low-income seniors, people with disabilities, veterans, families with children, and those experiencing homelessness - to access safe, decent and affordable housing."
However, today the program is under attack from those in Congress who want to reduce funding to levels that make the program financially unfeasible.
Georgia ACT along with housing advocates from across the country would like Congres to support the proven outcomes of the HOME program by providing a FY 2017 appropriation of at least $1.2 billion. For more information, visit: https://www.ncsha.org/homecoalition.
Naitonal Housing Trust Fund
The National Housing Trust Fund was created in 2008 to provide targeted assistance to those most at risk for becoming homeless. Because the program is funded with surplus revenues from Fannie Mae and Freddie Mac it has remained largely unfunded and unused during the recent recession.
Now that the economy has recovered, the trust fund is finally seeing needed resources, but some in Congress want to divert that funding elsewhere.
Georgia ACT, along with our state and national partners, strongly oppose this move by Congress. To learn more, visit: http://nlihc.org/issues/nhtf
Low Income Housing Tax Credits
The Low Income Housing Tax Credit (LIHTC) program provides tax incentives to developers who reserve a portion of residential units for affordable housing.
The program is administered under different terms and conditions in each state.
To demonstrate the critical need for an expansion of the LIHTC, Senator Maria Cantwell (D-Wa) is asking for stories from anyone who has ever dealt with homelessness or struggled to find affordable housing. The campaign to expand the Housing Credit includes changes in order to strengthen the program and would increase the allocation authority by 50%. To support this campaign and share your story, click here. To learn more about LIHTC: visit http://www.nlihc.org/