FY 12 Budget and Appropriations

Proposals for FY12 funding provide VARYING housing details

 

April 15, 2011 - Several spending plans for fiscal year (FY) 2012 are currently under discussion in Washington while at least one more is still being developed.  

  • Obama Administration budget (released February 14, 2011) - includes specific spending proposals for individual programs at USDA and HUD;
  • H. Con. Res. 34 (introduced on April 11, 2011 by Rep. Paul Ryan (R-Wisconsin), chair of the House Budget Committee and passed by the full House on April 15) - a budget resolution that provides no specifics about housing and proposes overall levels for general funding categories that would serve as ceilings for appropriations subcommittee discussions about FY12 spending;
  • President Obama's deficit reduction proposal (announced on April 13, 2011) - proposes general funding and revenue figures, without specifics on housing;
  • Bowles-Simpson Fiscal Commission report (released December 1, 2010) - proposes general funding and revenue figures, without specifics on housing; and
  • a proposal by the "Gang of Six" Senators is expected to be released in May.

      The Senate is not expected to pass H. Con. Res. 34, and will establish different ceilings for its appropriations discussions for FY12.

      While the text of H. Con. Res. 34 itself does not detail housing-related suggestions, the background report issued by Republican members of the House Budget Committee suggests time limits and work requirements for housing aid recipients, as well as “narrowing the gap between assisted renters and unassisted renters with the same income levels.”

       

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