Donovan: Sequestration could devastate Fed housing programs

Important Mortgage Rates MAY drop call Mr. Will from Jacksonville 904-298-3015 The Federal Reserve will continue its bond-buying program at full blast for at least another month, as the economic outlook remains too tepid to satisfy the central bank.

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All total, for programs affected by sequestration, the cuts scheduled to take effect in January would equal around 7.8 percent in FY 2013, according to Federal Funds Information for States, which.

Jennifer Ho said she views her job as a senior adviser to U.S. Housing and Urban Development Secretary Shaun Donovan. that could have caused the problem. “That strategy has really proven to take.

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Another 125,000 individuals or families could lose assistance offered through the Housing choice voucher program, putting more people at risk of becoming homeless, Donovan told the panel. The HCV program currently provides support to families who are renting in private apartment units. Donovan added that sequestration cuts could cause more than.

Not included in this analysis are direct assistance grants that are passed directly to individuals from the federal government, such as the Low-Income Energy Assistance Program (LIHEAP) and the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps – both of which face deep cuts in the President’s FY 2020 budget.

Department of Housing and Urban Development cuts will force staff reductions that could slow FHA loan approvals and curtail programs such as foreclosure counseling, according to hud secretary shaun donovan. If FHA lending drops by the same rate as HUD’s budget, it could shave about 2 percent off U.S. home sales this year.

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Sequestration was intended to be a sort of poison pill – $85 billion in automatic, across-the-board cuts in discretionary federal. Housing and Urban Development Secretary Shaun Donovan told.

Ensuring NAHMA Members Receive the Latest News and Analysis of. against enacting sequestration for housing programs when testifying before Congress. He called. Sequestration Would Devastate Low Income Housing Programs." National Low-Income Housing Coalition,

Donovan: Sequestration could devastate Fed housing programs On April 2, HUD Secretary Shaun Donovan testified at a House Transportation-HUD Subcommittee oversight hearing on HUD’s Office of Public and Indian Housing programs. In his opening statement, Subcommittee Chairman Tom Latham (R-IA) commented that over the years, funding needs for.