Rural Housing Fares Better in 2016 Budget – The Daily Yonder
From The Daily Yonder: Rural programs that were slated for cuts got a reprieve – and some increases– in last month’s budget compromise. Renters, self-help home builders, and housing agencies will benefit from these last-minute changes.
by Joe Belden
Rural programs that were slated for cuts got a reprieve – and then some – in last month’s budget compromise. Renters, self-help home builders, and housing agencies will benefit from these last-minute changes.
In a significant victory for affordable housing, the federal omnibus spending bill passed last month maintains or expands several U.S. Department of Agriculture and Housing and Urban Development housing programs.
In earlier drafts of the legislation, the president and congressional leaders had proposed deep cuts in some USDA and HUD initiatives. But the final bipartisan legislation, signed into law by President Obama on December 18, maintained or expanded programs that advocates say are important for rural residents and housing agencies…
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