Tuesday, December 15, 2009

Congress passes Omnibus Appropriations Bill

Congress has passed an Omnibus appropriations bill (which does NOT include the Dept. of Defense appropriations I referred to in my previous post).

According to Enterprise,

The bill provides about $46 billion in discretionary funding for HUD, including $18.2 billion for Section 8 Housing Choice Vouchers and $8.6 billion for the Section 8 project-based rental assistance program. The bill funds both HOPE VI ($200 million) and the new Choice Neighborhoods Initiative (as a $65 million set-aside within the HOPE VI account). Finally, for the CDFI Fund, $107 million is appropriated for CDFI Program Financial Awards and Technical Assistance, and $80 million for the newly established Capital Magnet Fund.

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