FY18 Budget Outlook and Impact of Tax Reform on Affordable ...
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FY18 Budget Outlook and Impact of Tax Reform on Affordable Housing Programs November 16, 2017
Transcript of FY18 Budget Outlook and Impact of Tax Reform on Affordable ...
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:[email protected],CenteronBudgetandPolicyPriorities:[email protected],LeadingAge:[email protected],EnterpriseCommunityPartners:[email protected],NationalLowIncomeHousingCoalition:[email protected]
