Developing Affordable Housing Ecosystems World Wide
Recap Advisors has now posted
a handy summary of the Administration’s Section 8 budget proposal. Money (literally!) quotes:
The Bush Administration’s proposed budget for FY 2006 continues themes from past years’ budgets: block granting, belt-tightening, and emphasis on homeownership.
A notable exception is the voucher program, for which the Administration has proposed a 4.66% increase (approximately $1 billion.) […]
Regarding yesterday’s post on HUD cuts, today’s Washington Post (click on HUD) adds an important clarifying detail:
The Department of Housing and Urban Development’s budget would shrink by about $3.7 billion, or 11.5 percent, for a total of $28.5 billion. Much of those cuts would come from a reorganization plan that would send the agency’s multibillion-dollar […]
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