12:21 AM
Julio Barreto
Now that a deal appears to be in place for the balance of FY 2011, the discussion will now turn to FY 2012. As President Obama prepares to outline his deficit reduction plan, further cuts to Federal housing programs are to be expected. As a result, families will have to find a way to pay more of their housing costs as local providers struggle to offset budget losses with lay-offs, reduced services and deferred maintenance.The budget agreement reached last week is expected to receive bipartisan support and is expected to pass. The cuts included in this agreement will be a precursor for what is expected to be deeper cuts in FY 2012. House Republicans released a deficit reduction plan for FY 2012which is expected to reduce funding for the public housing and voucher programs.To offset these...
