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FY18BudgetOutlookandImpactofTaxReformon
AffordableHousingPrograms
November16,2017
Speakers
• ElayneWeiss,NationalLowIncomeHousingCoalition• DougRice,CenteronBudgetandPolicyPriorities• LindaCouch,LeadingAge• EmilyCadik,EnterpriseCommunityPartners• JoeLindstrom,NationalLowIncomeHousingCoalition
Agenda
•FederalBudget•Wherearewesofar?•Wherearewegoing?
•TaxReform•OpportunitiesforAdvocacy
FederalBudget:Wherearewesofar?
LindaCouchLeadingAge
FY18ProposedHUDFundingandStatus
• SubmittedtoCongressFebruary27• 15%cuttoHUDcomparedtoFY17
PresidentTrump’sFY18HUDRequest
• PassedHouseSept14onparty-linevote
• Flatfunding,overall,withFY17
House:FY18HUDFunding
• OutofSenateAppropriationsCommitteeJuly27
• $1.9billionmorethanFY17HUDfunding
Senate:FY18HUDFunding
PresidentTrump’sFY18HUDRequest
• 15%cutfromFY17enactedlevel• Vouchers:245,000vouchersunfunded• Project-BasedRentalAssistance:decrease>4%• PublicHousing:decrease>28%• 202/811:12%lessthannecessaryfor202renewals,18%lessthannecessaryfor811renewals
• HomelessAssistancePrograms:decreaseof>5%comparedtoFY17
• PolicyProposalsforRentReform/CostSavings• Eliminate:
• HOME• CDBG
House:FY18HUDFunding
• Overall,samefundingasinFY17HUDbill• Vouchers:120,000vouchersunfunded• Project-BasedRentalAssistance:sufficientfundingforrenewalsbutnofundingforProject-BasedContractAdministrators
• PublicHousing:slightdecreasefromFY17• HOME&CDBG:maintainedwithslightcutsinboth• 202/811:sufficientfundingforrenewals,andexpansionofRentalAssistanceDemonstrationfor202swithProjectRentalAssistanceContracts
• HomelessAssistancePrograms:flatwithFY17funding• Rejects cost-savingsreformsbutencouragesreviewbyauthorizers
Senate:FY18HUDFunding&Asks
• Vouchers:Increased$butstill40,000vouchersunfunded;advocatesseekingadditional$345millionforfullfundingofallvouchersinusein2017
• Project-BasedRentalAssistance:sufficientforcontractrenewals&includesPBCAfunding
• PublicHousing:slightlyincreasedfunding• HOME&CDBG:levelfundingwithFY17• 202/811:sufficientfundingforrenewals,andexpansion ofRentalAssistanceDemonstrationfor202swithProjectRentalAssistanceContracts
• HomelessAssistancePrograms:slightincreasefromFY17funding;advocatesseeking9%increasetohouse40,000morepeoplenationally
• Rejects cost-savingsreforms
BottomLine
• TheSenateAppropriationssubcommitteeshavespendingallocationsthatare“equaltothe2017levelsfordefenseandnon-defenseprograms,ratherthantheslightlylowertargetestablishedfor2018undertheBudgetControlActandthestilllowertargettheHouseused.”(CBPP)
• ToenactafinallyFY18billwithsufficientfundinglevels,Congressmustraisethespendingcaps.
FederalBudget:Wherearewegoing?
Doug RiceCenter on Budget and Policy Priorities
ThisYear’sTimetableforBudget/TaxLegislation
Feb- Oct
• May:Presidentreleasedbudget• Jan– Sept:ACArepealdebate• Oct:Congresspassedbudgetresolutionallowingfordeficit-increasingtaxcutsandcallingfordeepbudgetcuts
Nov-Dec
• GOPTaxProposal• Disasterrelief(likelyDecpackage)• Healthpackage(CHIP,marketplacestabilization,otherextenders)• Sequestrationreliefdiscussion/2018Appropriations/CR• DACA
Early2018
• Tax,ifnotdone(likely)• 2018Appropriations,ifnotdone(likely)• Moredisasterrelief(esp.forPuertoRico,VI)• Debtceiling• DACA(truedeadlineisnotuntilMarch)• WelfareReform/EntitlementCuts
TaxReform
Emily CadikEnterprise Community Partners
TaxReform
• TaxreformisthetoppriorityforCongressandtheWhiteHouse,determinedtoenactintolawbytheendoftheyearoWeekofNov13:SenateFinanceCommitteemarkinguptaxreformbill,Housevotingontaxreformbill
oWeekofNov.27:Senateconsiderstaxreformbillonthefloor
oDecember:conferenceandfinalpassage
TaxReform:Obstacles
• Budgetreconciliationleaveslittlewiggleroom–can’texceed$1.5trillionorraisedeficitsoutsideoften-yearwindow
• Largedeficitscouldleadtocutstonon-defensediscretionaryprograms,likeaffordablehousingprograms,inthefuture
• Controversialpay-fors• SALT• Repealingindividualmandate
• Crowdedlegislativecalendar
HouseTaxReformPlan
• RetainsLow-IncomeHousingTaxCreditwithnochanges
• Repealsprivateactivitybonds,includingmultifamilyHousingBonds
• Lowerscorporatetaxratefrom35to20%withnooffsettingadjustmentstoHousingCredit
SenateTaxReformPlan
• RetainsLow-IncomeHousingTaxCreditwithnochanges
• Retainsprivateactivitybonds,includingmultifamilyHousingBonds
• Lowerscorporatetaxratefrom35to20%withnooffsettingadjustmentstoHousingCredit
• IncludesseveralprovisionstostrengthenHousingCredit
TaxReform:ACTIONCampaign
• Enterpriseco-chairstheACTIONCampaignalongwiththeNationalCouncilofStateHousingAgencies
• Over2,150national,stateandlocalorganizationsandbusinessescallingonCongresstoprotect,expandandstrengthentheHousingCredit
• Visitwww.rentalhousingaction.orgforresources
AdvocacyTipsandOpportunities
JoeLindstromNationalLowIncomeHousingCoalition
Whatyoucandonow
AskCongresstoworktogethertoliftthespendingcapsforFY18,maintainingparityfordefenseandnon-defenseprograms,andensurehousingandcommunitydevelopmentprogramsreceivethehighestleveloffundingpossible.
Whatyoucandonow
CallYourMembersofCongress• FocusonAppropriationsCommittees• Utilizeexistingrelationshipswithstaff• Shareinformationabouttheimpactofyourfederally-fundedprogramsAGoodMomentforCoalitionBuilding• NDDUnited
• Education,healthcare,transportation,environmentaljusticeadvocates,etc.• ThisisatimewhenallcanspeakwithonevoiceStrongMediaPresence• Respondtoeverythingthatisprintedandposted
• Letterstotheeditoraremorelikelytobeprintedwhentheyareinresponsetoanotherarticle
• UsetheThanksgivingholidaytodrawattentiontohousingprograms
Whatiftheyhide?
UseSocialMediaandBlogs• AmemberofCongresswhodoesnotwanttomeetwithyouprivatelyisinviting
youtoengagethempublicly• Twitter
• MembersofCongresscareabouttheirTwittermentionsandtrends• Blogposts
• Easilyshare-ableAskforMeetingsinaPublicManner• Producealetterrequestingameetingoracall• CopymediamembersonthemeetingrequestTheEmailsareStillBeingRead• Evenifyouarenotgettingaresponse,staffersarestillreadingtheemailssentin
fromconstituents,andreportingonthem• Continueyouroutreachregardless
Q&A
For more information
ElayneWeiss,NationalLowIncomeHousingCoalition:[email protected],CenteronBudgetandPolicyPriorities:[email protected],LeadingAge:[email protected],EnterpriseCommunityPartners:[email protected],NationalLowIncomeHousingCoalition:[email protected]
