Statement from the Campaign for Housing and Community Development Funding on President Obama’s FY12 Budget

WASHINGTON, D.C. – February 16, 2011 – (RealEstateRama) — Yesterday President Barack Obama released his FY12 budget, which would freeze non-defense discretionary spending for five years in an effort to reduce the budget deficit. While some housing and community development programs are spared the knife, critical HUD programs that provide housing stability, promote economic mobility and job creation, and stabilize communities would be significantly reduced