HOME Coalition Requests Increased Administration Support for HOME in FY 2015
NCSHA and 21 other national organizations in the HOME Coalition sent a letter, led by NCSHA, to the Office of Management and Budget (OMB) and HUD urging the Administration to increase its funding request for the HOME Investment Partnerships program (HOME) in its FY 2015 Budget. The letter asks that the Administration’s FY 2015 Budget request $1.6 billion for HOME, equal to its FY 2011 funding level. The letter points out that this level would only go partway towards restoring HOME funding, but would send a strong message of support for HOME to Congress.
The letter discusses the need for affordable housing and emphasizes the importance of HOME funding to addressing that need. It highlights successes of the HOME program, including producing more than 1.1 million affordable homes, making homes affordable for another 283,000 families through tenant-based rental assistance, and leveraging more than $109 billion.
NCSHA also joined with 35 other members of the Campaign for Housing and Community Development Funding (CHCDF) to send a letter to OMB and HUD emphasizing the importance of funding for affordable housing and community development programs and urging the Administration to increase its funding request for these programs. The Administration is working to finalize its FY 2015 Budget and has announced it will release the Budget on March 4.