Housing and Community Leaders Urge Colorado Congressional Delegation to Preserve CDBG and HOME
On Friday, April 7, a coalition of housing and community leaders sent Colorado’s Congressional delegation a letter urging them to protect and adequately fund both the HOME Partnership and Community Development Block Grant (CDBG) programs in FY 2018. The letter is in response to President Trump’s Budget Blueprint to Make America Great Again, which proposes to eliminate both programs.
In FY 2016, HOME and CDBG provided Colorado’s state and local governments with $47 million in flexibly and locally controlled funding to help support critical housing and community services for low-and moderate-income residents. CHFA estimates that 37 percent, or 1,200, of the affordable rental housing units supported with LIHTC in 2016, also used either HOME or CDBG resources as gap financing to help make the transactions financially feasible.
Over the weekend, as Congressional leaders returned from D.C. for the spring recess which will continue through April 21, community forums held across the state echoed the call for affordable and adequate housing, citing the lack among the top barriers to economic development. In follow up to the delegation letter, Senator Michael Bennet’s office, Congressman Ed Perlmutter's office, and Congressman Jared Polis’ office have confirmed their support for HOME and CDBG program funds.
Join with CHFA, Colorado NAHRO, Colorado Municipal League, Colorado Counties, Inc., Economic Development Council of Colorado, and Housing Colorado to urge support for the CDBG and HOME Partnership programs. Make your voice heard as you connect with Congressional leaders over the Spring recess, and/or contact their offices to express your support for these critical housing resources.