Introduction
Stable housing allows families and youth achieve their full potential.
We are all aware of homelessness and poverty in our service area. The problem is available, affordable housing for chronically poor families which will assist these families to remain intact and prosper. By supporting the families in Fayette County we will help; “strengthen families to become more self-sufficient, (thereby) achieving their potential by taking advantage of opportunities, improving the conditions in which they live, and taking ownership of their community” ("Fayette County Community Action Agency - Our Mission," n.d.). Stable housing and strong communities provide the foundation upon which people build their lives. Without a safe, affordable …show more content…
Some programs will be seriously underfunded in the future. From 2010 to 2015, HUD’s mainstay HOME Program, which distributes block grants to states and communities for assisting low-income renters and homeowners, saw its budget chopped in half, from $1.8 billion to $900 million (Christina Hoag, 2015). Funding for the program will be cut by 93 percent in the state of Pennsylvania, the 2015 budget was $14.6 million and the 2016 proposal will be 1.3 million ("The State-by-State Impact of HOME Cuts," n.d.). With this level of underfunding progress is difficult to …show more content…
The program was created in the Tax Reform Act of 1986, with a temporary extension in the Housing and Economic Recovery Act of 2008 (HERA). We need to advocate for congressional support for H.R. 1142 and S. 1193 which will make the 9% LIHTC permanent and protect this vital low-income housing finance vehicle from removal from the tax code during any tax reform legislation ("Protect the Low-Income Housing Tax Credit," 2015).
CDBG:
Community Development Block Grants and HOME are a significant source of funding provided directly to the states for low-income housing, community support, and economic development ("Federal Housing Assistance for Low-Income Households," 2015). The mechanism for providing these developments has, over the 30 years of the programs existence created; opportunities for local interest groups to capture public funds for their own benefit. Community Development Block Grants creation coincides with the rise of (community development corporations) CDC’s, locally formed non-profits that apply for CDBG funds to undertake projects that may or may not benefit the community or promote economic development (Norcross,
Stable housing allows families and youth achieve their full potential.
We are all aware of homelessness and poverty in our service area. The problem is available, affordable housing for chronically poor families which will assist these families to remain intact and prosper. By supporting the families in Fayette County we will help; “strengthen families to become more self-sufficient, (thereby) achieving their potential by taking advantage of opportunities, improving the conditions in which they live, and taking ownership of their community” ("Fayette County Community Action Agency - Our Mission," n.d.). Stable housing and strong communities provide the foundation upon which people build their lives. Without a safe, affordable …show more content…
Some programs will be seriously underfunded in the future. From 2010 to 2015, HUD’s mainstay HOME Program, which distributes block grants to states and communities for assisting low-income renters and homeowners, saw its budget chopped in half, from $1.8 billion to $900 million (Christina Hoag, 2015). Funding for the program will be cut by 93 percent in the state of Pennsylvania, the 2015 budget was $14.6 million and the 2016 proposal will be 1.3 million ("The State-by-State Impact of HOME Cuts," n.d.). With this level of underfunding progress is difficult to …show more content…
The program was created in the Tax Reform Act of 1986, with a temporary extension in the Housing and Economic Recovery Act of 2008 (HERA). We need to advocate for congressional support for H.R. 1142 and S. 1193 which will make the 9% LIHTC permanent and protect this vital low-income housing finance vehicle from removal from the tax code during any tax reform legislation ("Protect the Low-Income Housing Tax Credit," 2015).
CDBG:
Community Development Block Grants and HOME are a significant source of funding provided directly to the states for low-income housing, community support, and economic development ("Federal Housing Assistance for Low-Income Households," 2015). The mechanism for providing these developments has, over the 30 years of the programs existence created; opportunities for local interest groups to capture public funds for their own benefit. Community Development Block Grants creation coincides with the rise of (community development corporations) CDC’s, locally formed non-profits that apply for CDBG funds to undertake projects that may or may not benefit the community or promote economic development (Norcross,