FY 2011 Budget

In case you missed it, HUD posted FY 2011 formula allocations for CDBG, HOME, ESG, and HOPWA on Friday, May 27.  HUD's press release announcing the allocations is available here. 

Have you been wondering why HUD hasn't released the final report on the Capital Needs Assessment?  You're not alone.  As recently as last October, the Department assured the industry that the results of the CNA would be unveiled by November 2010.

Our comprehensive overview of the year-long FY 2011 spending bill is now online.  

Related: NAHRO CEO Saul Ramirez is quoted in this Wall Street Journal blog entry examining the impact of the budget compromise on housing programs.  

We have now posted our comprehensive overview of the FY 2012 budget proposal's treatment of Section 8 programs, including the Housing Choice Voucher program and Project-based Rental Assistance.  Our overview also looks at how Section 8 programs fare under H.R. 1, the Republican-crafted long-term Continuing Resolution for FY 2011 that is still under consideration on the House floor. 

We have now posted our comprehensive overview of the FY 2012 budget proposal's treatment of public housing programs, including the Operating Fund, Capital Fund, and HOPE VI.  The summary also examines the administration's proposals to offset $1 billion in Operating Fund reserves (more on that below) and recast the Transforming Rental Assistance initiative as a demonstration. 

Where to start?

The President's FY 2012 budget will be released today at 10:30 a.m. EST.  HUD has scheduled a briefing for 2:00 p.m. EST.  NAHRO staff will be on the scene, and you can view the webcast through the Department's website.