FY18BudgetOutlookandImpactofTaxReformon

AffordableHousingPrograms

November16,2017

Speakers

• ElayneWeiss,NationalLowIncomeHousingCoalition• DougRice,CenteronBudgetandPolicyPriorities• LindaCouch,LeadingAge• EmilyCadik,EnterpriseCommunityPartners• JoeLindstrom,NationalLowIncomeHousingCoalition

Agenda

•FederalBudget•Wherearewesofar?•Wherearewegoing?

•TaxReform•OpportunitiesforAdvocacy

FederalBudget:Wherearewesofar?

LindaCouchLeadingAge

FY18ProposedHUDFundingandStatus

• SubmittedtoCongressFebruary27• 15%cuttoHUDcomparedtoFY17

PresidentTrump’sFY18HUDRequest

• PassedHouseSept14onparty-linevote

• Flatfunding,overall,withFY17

House:FY18HUDFunding

• OutofSenateAppropriationsCommitteeJuly27

• $1.9billionmorethanFY17HUDfunding

Senate:FY18HUDFunding

PresidentTrump’sFY18HUDRequest

• 15%cutfromFY17enactedlevel• Vouchers:245,000vouchersunfunded• Project-BasedRentalAssistance:decrease>4%• PublicHousing:decrease>28%• 202/811:12%lessthannecessaryfor202renewals,18%lessthannecessaryfor811renewals

• HomelessAssistancePrograms:decreaseof>5%comparedtoFY17

• PolicyProposalsforRentReform/CostSavings• Eliminate:

• HOME• CDBG

House:FY18HUDFunding

• Overall,samefundingasinFY17HUDbill• Vouchers:120,000vouchersunfunded• Project-BasedRentalAssistance:sufficientfundingforrenewalsbutnofundingforProject-BasedContractAdministrators

• PublicHousing:slightdecreasefromFY17• HOME&CDBG:maintainedwithslightcutsinboth• 202/811:sufficientfundingforrenewals,andexpansionofRentalAssistanceDemonstrationfor202swithProjectRentalAssistanceContracts

• HomelessAssistancePrograms:flatwithFY17funding• Rejects cost-savingsreformsbutencouragesreviewbyauthorizers

Senate:FY18HUDFunding&Asks

• Vouchers:Increased$butstill40,000vouchersunfunded;advocatesseekingadditional$345millionforfullfundingofallvouchersinusein2017

• Project-BasedRentalAssistance:sufficientforcontractrenewals&includesPBCAfunding

• PublicHousing:slightlyincreasedfunding• HOME&CDBG:levelfundingwithFY17• 202/811:sufficientfundingforrenewals,andexpansion ofRentalAssistanceDemonstrationfor202swithProjectRentalAssistanceContracts

• HomelessAssistancePrograms:slightincreasefromFY17funding;advocatesseeking9%increasetohouse40,000morepeoplenationally

• Rejects cost-savingsreforms

BottomLine

• TheSenateAppropriationssubcommitteeshavespendingallocationsthatare“equaltothe2017levelsfordefenseandnon-defenseprograms,ratherthantheslightlylowertargetestablishedfor2018undertheBudgetControlActandthestilllowertargettheHouseused.”(CBPP)

• ToenactafinallyFY18billwithsufficientfundinglevels,Congressmustraisethespendingcaps.

FederalBudget:Wherearewegoing?

Doug RiceCenter on Budget and Policy Priorities

ThisYear’sTimetableforBudget/TaxLegislation

Feb- Oct

• May:Presidentreleasedbudget• Jan– Sept:ACArepealdebate• Oct:Congresspassedbudgetresolutionallowingfordeficit-increasingtaxcutsandcallingfordeepbudgetcuts

Nov-Dec

• GOPTaxProposal• Disasterrelief(likelyDecpackage)• Healthpackage(CHIP,marketplacestabilization,otherextenders)• Sequestrationreliefdiscussion/2018Appropriations/CR• DACA

Early2018

• Tax,ifnotdone(likely)• 2018Appropriations,ifnotdone(likely)• Moredisasterrelief(esp.forPuertoRico,VI)• Debtceiling• DACA(truedeadlineisnotuntilMarch)• WelfareReform/EntitlementCuts

TaxReform

Emily CadikEnterprise Community Partners

TaxReform

• TaxreformisthetoppriorityforCongressandtheWhiteHouse,determinedtoenactintolawbytheendoftheyearoWeekofNov13:SenateFinanceCommitteemarkinguptaxreformbill,Housevotingontaxreformbill

oWeekofNov.27:Senateconsiderstaxreformbillonthefloor

oDecember:conferenceandfinalpassage

TaxReform:Obstacles

• Budgetreconciliationleaveslittlewiggleroom–can’texceed$1.5trillionorraisedeficitsoutsideoften-yearwindow

• Largedeficitscouldleadtocutstonon-defensediscretionaryprograms,likeaffordablehousingprograms,inthefuture

• Controversialpay-fors• SALT• Repealingindividualmandate

• Crowdedlegislativecalendar

HouseTaxReformPlan

• RetainsLow-IncomeHousingTaxCreditwithnochanges

• Repealsprivateactivitybonds,includingmultifamilyHousingBonds

• Lowerscorporatetaxratefrom35to20%withnooffsettingadjustmentstoHousingCredit

SenateTaxReformPlan

• RetainsLow-IncomeHousingTaxCreditwithnochanges

• Retainsprivateactivitybonds,includingmultifamilyHousingBonds

• Lowerscorporatetaxratefrom35to20%withnooffsettingadjustmentstoHousingCredit

• IncludesseveralprovisionstostrengthenHousingCredit

TaxReform:ACTIONCampaign

• Enterpriseco-chairstheACTIONCampaignalongwiththeNationalCouncilofStateHousingAgencies

• Over2,150national,stateandlocalorganizationsandbusinessescallingonCongresstoprotect,expandandstrengthentheHousingCredit

• Visitwww.rentalhousingaction.orgforresources

AdvocacyTipsandOpportunities

JoeLindstromNationalLowIncomeHousingCoalition

Whatyoucandonow

AskCongresstoworktogethertoliftthespendingcapsforFY18,maintainingparityfordefenseandnon-defenseprograms,andensurehousingandcommunitydevelopmentprogramsreceivethehighestleveloffundingpossible.

Whatyoucandonow

CallYourMembersofCongress• FocusonAppropriationsCommittees• Utilizeexistingrelationshipswithstaff• Shareinformationabouttheimpactofyourfederally-fundedprogramsAGoodMomentforCoalitionBuilding• NDDUnited

• Education,healthcare,transportation,environmentaljusticeadvocates,etc.• ThisisatimewhenallcanspeakwithonevoiceStrongMediaPresence• Respondtoeverythingthatisprintedandposted

• Letterstotheeditoraremorelikelytobeprintedwhentheyareinresponsetoanotherarticle

• UsetheThanksgivingholidaytodrawattentiontohousingprograms

Whatiftheyhide?

UseSocialMediaandBlogs• AmemberofCongresswhodoesnotwanttomeetwithyouprivatelyisinviting

youtoengagethempublicly• Twitter

• MembersofCongresscareabouttheirTwittermentionsandtrends• Blogposts

• Easilyshare-ableAskforMeetingsinaPublicManner• Producealetterrequestingameetingoracall• CopymediamembersonthemeetingrequestTheEmailsareStillBeingRead• Evenifyouarenotgettingaresponse,staffersarestillreadingtheemailssentin

fromconstituents,andreportingonthem• Continueyouroutreachregardless

Q&A

For more information

ElayneWeiss,NationalLowIncomeHousingCoalition:eweiss@nlihc.orgDougRice,CenteronBudgetandPolicyPriorities:rice@cbpp.orgLindaCouch,LeadingAge:lcouch@leadingage.orgEmilyCadik,EnterpriseCommunityPartners:ecadik@enterprisecommunity.orgJoeLindstrom,NationalLowIncomeHousingCoalition:jlindstrom@nlihc.org