For over twenty years, the HOME Investment Partnerships program (HOME) has played a critical role in providing affordable housing opportunities to seniors, people with disabilities, low-income families with children, veterans, and people experiencing homelessness.
Despite HOME’s successful track record, Congress has proposed to severely cut – and even essentially eliminate – the program altogether. In response, the HOME Coalition has launched a national sign-on letter of organizations urging Congress to restore HOME to at least $1.06 billion.
The deadline to sign the letter is Friday, July 24th. HOME is simply too important, too successful, and too effective a tool to face any further cuts. In recent years, HOME has been slashed by fifty percent from $1.8 billion in 2010 to an all-time low of $900 million in 2015.
Now, the House has proposed to fund HOME at just $767 million or 42 percent of what it was in 2010. The House also proposed to essentially eliminate another important resource for local communities – the National Housing Trust Fund – using this funding to push HOME back to its record low level of $900 million. The Senate’s severe cuts amount to a 93 percent decrease, which would essentially eliminate the HOME program altogether.
Thank you for signing the letter.