Below are several updates regarding the ACC:
HUD Meets with Hill Staff, Defends ACC as a Grant
Earlier this week, we called on CLPHA members to contact your members of Congress and register your opposition to HUD’s proposed changes to the Annual Contributions Contract (ACC).
In "What’s Eliminated in Trump’s 2020 Budget Plan," Affordable Housing Finance writer Donna Kimura quotes CLPHA Executive Director Sunia Zaterman on how President Trump's proposed budget constitutes not only a disinvestment in public housing, but also a disinvestment in low-income families:
The Trump Administration released the remainder of its fiscal year 2020 (FY18) budget on March 18. As noted last week, the proposal would completely eliminate all funding in FY20 for the Public Housing Capital Fund and slash funding for the Public Housing Operating Fund by almost $2 billion, a combined loss of $4.6 billion. The proposal additionally eliminates the Choice Neighborhoods Initiative, HOME, CDBG, and other programs, while adding $100 million for the Rental Assistance Demonstration (RAD) program and eliminating the cap on RAD conversions.
Vancouver, WA newspaper The Columbian quoted CLPHA Executive Director Sunia Zaterman about the disastrous effect President Trump's budget proposal would have on pubic and affordable housing in their article "Trump’s budget would cut social safety nets:"
Scotsman Guide, a resource for mortgage originators, quoted CLPHA Executive Director Sunia Zaterman about how President Donald Trump's proposed FY 2020 budget will affect affordable housing in their article "2020 budget: How does it affect the mortgage industry?":