CBPP Updates Blog Post on The Need for HCV Funding
On January 25, the Center on Budget and Policy Priorities (the Center) updated a blog post titled “Substantial Funding Boost Needed to Renew Housing Vouchers in 2017.” In its blog post, the Center discusses the need for additional funding for the Housing Choice Voucher (HCV) program Housing Assistance Payments (HAP). NAHRO agrees with the Center that Congress must pass a budget that fully funds the Housing Choice Voucher program for FY 2017, instead of extending the current continuing resolution, set to expire in April, for a full year.
Two key points from the blog post are the following:
- A full-year continuing resolution could cause over 100,000 families to lose their vouchers.
- Funding of $18.86 billion should cover the cost of renewing all vouchers in 2017. According to the Center, this would “still be less than renewal funding in 2010, after adjusting for rent and utilities inflation.”
The full blog post can be found here.