HUD Budget Offers Opportunities for New Initiatives

President Obama’s proposed 2011 budget could single a shift in the way future housing assistance is provided to low-income families as it seeks to encourage a regional approach to providing tenant-based rental assistance. This approach could portend how the Department of Housing and Urban Development (HUD) will fund future initiatives to local communities.The budget proposes a new initiative which seeks to implement the first phase of a multi-year effort to increase tenant mobility and access to assistance. The Transforming Rental Assistance (TRA) Initiative will allow a limited number of housing authorities adjacent to one another to combine the administrative functions of serving vouchers to eligible families. The intent is to create a “regional entity” designed to allow for increased mobility...

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Initial Review of President’s Proposed 2010 HUD Budget

Here is a preliminary list of the president’s proposed budget for the Department of Housing and Urban Development (HUD). More details to follow:Community Development Block Grants (CDBG): $4.5 billionProject and tenant-based vouchers (combined total): $25.9 billionPublic Housing Operating Fund: $4.6 billionPublic Housing Capital Fund: $2.2 billionHOME Investment Partnership Program: $1.8 billionHomeless assistance: $1.8 bill...

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