Copy
Mayor’s Proposed FY15 Budget Released
View this email in your browser

Mayor’s Proposed FY15 Budget Released

April 3, 2013

Each year, CNHED works hard to make sure that the DC budget meets the housing and small business needs of the District of Columbia. Our advocacy paid off with today’s budget announcement from Mayor Gray reflecting nearly $40 million of increased commitment to affordable housing. Even though the funding is not at the full level CNHED recommended, it provides a strong start for our upcoming Council budget advocacy.
 
The budget does include increases in many of CNHED's key priority areas:
  • $78.5 million total commitment to the Housing Production Trust Fund (includes $30 million of one-time funding in addition to the $48.5 in deed tax funds)
  • $4 million increase to the Local Rent Supplement Program primarily for the production of affordable rental housing 
  • $4.7 million increase to the Permanent Supportive Housing Program to serve chronically homeless veterans
  • $300 thousand for the East End Homeownership Campaign
 
In addition, the budget includes $2 million for the 500 Families, 100 Days campaign.
We are still getting clarity on the exact levels of funding that will be available for Small Business Technical Assistance and the Home Purchase Assistance Program
 
Over the next few days we will 
thoroughly reviewing the budget and will make that analysis, along with our updated budget request, available on our website Tuesday, April 8.
 
Click here to see highlights from the Mayor’s proposed budget.
 
Tell Council what you think
Thanks for all your hard work advocating for these important programs!  Next week we will direct our advocacy towards the
Department of Housing and Community Development budget hearing on April 9. Please let us know if you plan to testify, or want help with your testimony.
 
Copyright © 2014 Coalition for Nonprofit Housing and Economic Development, All rights reserved.


unsubscribe from this list    update subscription preferences