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by CareyBot

Federal budget cuts proposed for public housing programs in 2007 could have devastating impacts, according to leaders of a national association that promotes affordable housing and redevelopment. In a Monday presentation, representatives of the National Association of Housing and Redevelopment Officials said that the president's proposed budget calls for a 20 percent cut on subsidies for public housing and a 10 percent reduction in capital funds that help to maintain the existing stock of public housing. Also, a community grant program could be cut about 25 percent if the federal budget for the 2007 fiscal year is approved as proposed. The association represents about 21,000 housing and community development agencies and professionals, and its mission is focused on the community needs of...