Housing and Community Development Coalition Criticizes House Resolution Cutting Budget to FY08 Levels

WASHINGTON, D.C. – January 26, 2011 – (RealEstateRama) — The House of Representatives today approved H.R. 38, allowing the chair of the House Budget Committee to set nondefense discretionary spending to FY08 levels or lower for FY11. This could result in a spending reduction of more than $60 billion in the current fiscal year, hurting all Americans and disproportionately impacting those in the greatest need.