The House Appropriations Committee recently released the fiscal year 2012 Transportation, Housing and Urban Development funding bill, detailing funding amounts for each of those departments and other related agencies.
The legislation allotted the Department of Housing and Urban Development $38.1 billion in funding; while this is a $3 billion decrease from last year’s level, funding for Housing for the Elderly rose by 50% to $600 million.
The funding is meant for capital advances, including amendments to capital advance contracts; for housing for the elderly, as authorized by section 202 of the Housing Act of 1959; for project rental assistance for the elderly, also under section 202; for senior preservation rental assistance contracts, from section 811 of the American Housing and Economic Opportunity Act of 2000; and for supportive services associated with the housing.
The bill includes a total of $55.15 billion in discretionary spending, which represents a $19.8 billion reduction below President Obama’s request, and is $217 million below last year’s level.
“Step by step, we are trimming government spending and streamlining programs to make them more cost-effective, efficient, and responsive to the American people. This bill saves taxpayers billions of dollars and eliminates waste wherever possible. And it reflects responsible decisions to ensure that the transportation and housing programs Americans rely on can remain in place for years to come without putting our nation even further in debt,” House Appropriations Chairman Hal Rogers said.
View the Fiscal Year 2012 Transportation, Housing and Urban Development Funding Bill here.
Written by Alyssa Gerace