Fact of the week: Administration’s Proposed Elimination of HOME and CDBG Comes after Years of Declining Resources

Source: NLIHC, March 17, 2017. Figures based on FY07-16 enacted funding levels and FY17-18 budget request. Adjusted for inflation. 

HOME is a federal housing program administered by the US Department of Urban Development. The program provides funds to state and local entitlement cities (such as Des Moines) that is used for the construction and rehabilitation of affordable housing. Organizations such as HOME, Inc. and Greater Des Moines Habitat for Humanity have used these funds in their homeownership programs. It is also used for all types of rental, everything from non-profits like Anawim Housing, tax credit projects of private developers, and providing rent subsidies for homeless people moving from shelters.

Over the last decade HOME funds have been cut by more than 50%. Elimination of the HOME program will have a devastating impact on creating new units for affordable housing, both homeownership and rental, as well as impact the revitalization of Des Moines and rural communities throughout Iowa. Most importantly hundreds of low income Iowans will lose the opportunity to buy a HOME, have an affordable rental unit, or leave a shelter. For more information, visit nlihc.org.

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