Project-Based Section 8 Funding for FY 2014
The President’s budget proposal for fiscal year (FY) 2014 includes approximately $10.27 billion dollars in funding for the Project-Based Section 8 program. While this sum is considerably higher than the appropriation level set in FY 2013, the FY 2014 request is impacted by the FY 2013 Continuing Resolution, resulting in a $1.2 billion shortfall in the program due to sequester funding levels. As a result, all contracts will not be funded for the full 12 months during the remainder of FY2013 and into FY 2014.
If sequestration were repealed, the $10.27 billion dollar sum would be sufficient to fully-fund contract renewals. However, as a repeal of sequestration is unlikely; an estimated $11.5 billion dollars will be necessary to fully fund contract renewals, and to close the shortfall caused in the FY 2013 appropriations.
The Transportation, Housing, and Urban Development (T-HUD) appropriations bill for FY 2014 has yet to be released. In order to ensure that full funding for contract renewals appears in the T-HUD appropriations bill for FY 2014, NAHMA strongly encourages members to contact their Congressional Representatives and Senators. Please ask them to convey their support to the chair and ranking member of both T-HUD subcommittees for the $11.5 billion dollars in funding for the Project-Based Section 8 program in FY 2014. The T-HUD subcommittees are attached to the appropriations committees, and all T-HUD appropriations bills are written in the subcommittees
Talking points on Project-Based Section 8 funding: Project Based Section 8 Talking Points (August 13, 2013)