Donovan: Sequestration could devastate Fed housing programs

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On April 2, HUD Secretary Shaun Donovan testified at a House Transportation-HUD Subcommittee oversight hearing on HUD’s Office of Public and Indian Housing programs. In his opening statement, Subcommittee Chairman Tom Latham (R-IA) commented that over the years, funding needs for renewals have steadily crowded out funding for other priority programs.

Torrington >> The Torrington Housing Authority is looking to the next month with trepidation due to sequestration cuts at the federal level, which will come into effect Friday, March 1. The.

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HUD's Got a New Man: It's New York's Donovan – Donovan: Sequestration could devastate Fed housing programs Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis.

Sequestration was intended to be a sort of poison pill – $85 billion in automatic, across-the-board cuts in discretionary federal. Housing and Urban Development secretary shaun donovan told.

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The more crucial question of whether to avert the devastating sequestration of federal funds and if so, how, remains unanswered. Continuing to loom over us all are the automatic cuts to discretionary spending called for in the Budget Control Act of 2011 that could still devastate affordable housing and homelessness prevention programs in the.

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That budget measure – a kind of fiscal doomsday device called sequestration. more. Donovan testified that Hurricane Sandy recovery efforts, the Federal Housing Administration’s ability to process.

Honoring the Trust Responsibility in the Federal Budget Page 2 of 10 federal government’s trust obligation to fund tribal programs is not only a solemn historic and legal duty, but the revitalization of Indian Country is a wise investment that contributes to the prosperity of the nation as a whole. Types of Approaches

HUD Says Spending Cuts Could Devastate Housing Programs. – March 2013 HUD Says Spending Cuts Could Devastate Housing Programs. U.S. Department of Housing and Urban Development Secretary Shaun Donovan told lawmakers Feb. 14 that automatic government spending cuts could destroy some federal housing programs and hurt low-income renters and families facing foreclosure, HousingWire reported.

Sequestration would also cut $212 million from HUD’s HOME and Community development block grant programs, Donovan said, adding that communities receiving the funds could lose nearly half a.