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House Bill Appropriates $35.3 Billion for HUD
By an overwhelming 406-22 margin, the House on June 14 approved H.R. 5576, the fiscal 2007 Transportation, Treasury and HUD Appropriations bill.
The bill would appropriate $35.3 billion for the Department of Housing and Urban Development and fund the following housing programs as follows:
- Section 8 tenant-based vouchers — $15.8 billion. An amendment supported by NAHB and offered by Rep. Jerry Nadler (D-N.Y.) that added an additional $100 million to the program was approved on the House floor.
- Section 8 project-based vouchers — $5.5 billion.
- Community Development Block Grants — $4.2 billion, including $3.9 billion for CDBG formula grants. The grants provide affordable housing and supportive services to families with low to moderate incomes.
- Hope VI program — $30 million. The House Appropriations Committee had originally voted not to fund the program. However, an NAHB-supported amendment to restore $30 million to the program that was offered by Reps. Artur Davis (D-Ala.) and Katherine Harris (R-Fla.) was approved on the House floor.
- HOME Investment Partnerships Program — Provides $1.9 billion. HOME is the largest federal block grant program dedicated to creating affordable housing for low-income families.
- The Partnership for Advancing Technology in Housing (PATH) program — $5 million. PATH is a voluntary public-private partnership between industry and government that is dedicated to accelerating the development and use of technologies that radically improve the quality, durability, energy efficiency, environmental performance and affordability of America's housing.
- FHA Multifamily Loan Commitment Authority — $35 billion.
- FHA Overall Commitment Authority — $185 billion.
- YouthBuild — The program would receive no funding and be transferred from HUD to the Department of Labor.
- Brownfields and Economic Development Initiative — $15 million. The House Appropriations Committee had originally voted not to fund the program. An amendment offered on the House floor by Rep. Gary Miller (R-Calif.) and supported by NAHB restored $15 million to the program.
- Rural Housing and Economic Development program — No funding.
- Section 108 Loan Guarantee program — No funding.
Projects funded through Rural Housing and Economic Development and Section 108 would be eligible to receive funding under a new, consolidated grant program set-aside within CDBG.
The Senate Appropriations Committee is expected to release a draft version of its fiscal 2007 appropriations legislation later this month or in early July.
To view the House bill, click here and type H.R. 5576 in the box in the center screen.
For more information, e-mail Jenna Morgan Hamilton at NAHB, or call her at 800-368-5242 x8407.
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