Monday, February 01, 2010

Some good news in Obama's budget,
and some bad

More than $2 billion for HUD grants to combat nationwide homelessness sounds good.

But President Obama's budget also includes steep cuts to housing programs for the elderly and persons with disabilities.

Funding for tenant-based and project-based rental assistance programs was increased by $2.1 billion compared with 2010.

Targeted cuts in the proposed budget include housing assistance for people with disabilities (Shelter + Care, I guess), which would be $90 million, compared with $300 million that's estimated for 2010. Housing aid for the elderly could also be drawn down to $274 million, from an estimated $825 million for 2010.

Read The Wall Street Journal report here.

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