Expand Your Education with These Courses from
Effective Presentation Skills for Sales Professionals: Skills for Sales Success: Part Five.
Expand your education through NAR's REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
Accredited Buyer's Representative.
Bundle 1: CIPS Core Course (US Version).
Bundle 3: CIPS Institute (US Version).

HUD Releases Proposed 2015 Budget

Have a comment on this article? Share on Facebook!

Ensures Fiscal Responsibility and Increases Efficiency

HUD’s budget continues efforts to transform the way HUD does business and builds on the success of Transformation Initiative (TI) with an up to $80 million TI Fund transfer for:

• Providing Technical Assistance online and through NOFAs, which speeds delivery
• Expanding the Family Self Sufficiency Program, and streamlining for better outcomes
• Providing flexibility for the Operating and Capital Funds
• Opportunity, Growth, and Security Initiative

The Opportunity, Growth, and Security Initiative will include concrete, specific proposals to grow our economy and help the middle class and will be fully paid for with a balanced package of spending and tax reforms.

It will demonstrate how, by simply closing a few unfair tax loopholes and reforming spending programs, Congress could achieve significant economic goals in research, education, manufacturing and skills training. It will be evenly split between defense and non-defense ($28 billion for each). This is consistent with the model established in the Bipartisan Budget agreement, providing equal dollar-for-dollar increases above the current law discretionary spending caps for both defense and non-defense. (This level would fully eliminate the remaining non-defense discretionary sequestration cuts in FY2015.)

To list just a couple of HUD-specific examples, the Opportunity, Growth and Security Initiative will include:

• An additional $280 million for the Choice Neighborhoods Program, to fund comprehensive neighborhood revitalization strategies in 7 to 10 additional high-poverty neighborhoods;
• An additional $125 million to further expand the Jobs-Plus program to assist a total of 50,000 public housing residents to secure employment and increase their earnings;
• And $75 million for the Integrated Planning and Investment grants program to support 30-40 regional and community planning efforts that coordinate housing, land use, economic and workforce development, transportation, and infrastructure investments.

Read HUD’s proposed FY 2015 budget here.

Continue Reading 1 2

Have a comment on this article? Share on Facebook!

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2016 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>