FY2010 Budget at $46.3 Billion
$1.8 Billion for McKinney-Vento
Only $140 million for new projects
On May 7, President Obama released his budget proposal for fiscal year (FY) 2010. The budget included funding proposals for housing and homeless programs. For more information about the President’s FY 2010 budget proposal, click here.
These are some of the highlights of the funding for homeless programs include:
- $46.3 billion for HUD programs, an 11 percent increase;
- $1.8 billion for McKinney-Vento Homeless Assistance Grants, an increase of $117 million over FY 2009. In several places in the budget HUD makes this statement: HUD intends to continue the focus on homelessness prevention that was initiated in the American Recovery and Reinvestment Act;
- $1 billion for a National Affordable Housing Trust Fund, this represents the first major federal housing production program since the creation of the HOME Investments Partnership Program in 1990.;
- $68 million for the Projects for Assistance in Transition from Homelessness (PATH) program, an $8 million increase over the FY 2009 level;
- $19 million for a new DC Housing First Initiative to provide supportive housing to homeless individuals and families;
- $26 million for a pilot program to prevent homelessness for veterans;
- $250 million, the same as approved last year for Section 811. After deducting the rental assistance renewals, the net amount for new projects is $114 million; and
- $765 million, the same as approved last year for Section 202. After deducting the rental assistance renewals, the net amount for new projects is $522 million.
This is HUD’s description of the Mckinney-Vento funding: The fiscal year 2010 request has three components: First, the budget provides $140 million to finance new activity via competitive grants. HUD fully supports Congressional efforts to consolidate and streamline existing programs to bring new efficiencies. Second, the budget provides $1.5 billion to renew and or amend existing homeless assistance grants. Finally, the budget provides $150 million to fund the Emergency Shelter Grant program. HUD fully intends to continue the focus on homelessness prevention that was initiated in the American Recovery and Reinvestment Act.
For more information and a detailed analysis of the budget, we encourage our readers to participate in the National Alliance to End Homelessness’s Annual Federal Budget Briefing, “The President’s FY 2010 Budget Proposal: Implications for Housing and Homelessness Assistance.” This webinar will be held next Tuesday, May 12 from 2 pm to 3 pm EDT. Click here to register and for more information.
