HOUSING AND COMMUNITY DEVELOPMENT ADVOCATES TO CONGRESS: BUDGET DEAL HURTS COMMUNITIES, LOW INCOME FAMILIES

WASHINGTON, D.C. – April 14, 2011 – (RealEstateRama) — The House and Senate are set to vote today on a budget deal that cuts nearly $40 billion from non-defense discretionary programs. Members of the Campaign for Housing and Community Development Funding (CHCDF), a coalition of 72 national affordable housing and community development groups, believe those cuts should not come at the expense of low income households who cannot afford housing or from communities that desperately need assistance. In reality, lawmakers have proposed exactly that by cutting HUD’s budget 6.4% below the FY10 funding levels.