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CDBG gets $1 billion boost in subcommittee.

Municipal officials scored a major victory in Congress when the House and Senate each approved significant increases in the Community Development Block Grant (CDBG) program.

The Senate Subcommittee on VA, HUD and Independent Agencies approved a spending bill for full committee consideration that called for a $4.4 billion for CDBG in FY 1993. That is a $1 billion increase above the FY 1992 level of $3.4 billion.

(At press time, the full Senate Appropriations Committee was meeting to discuss the subcommittee's recommendations. Negotiations are underway to increase the appropriation for the HOME program by taking funds from the Home-ownership for People Everywhere (HOPE) program. HOPE, which allows public housing tenants to purchase their units, was appropriated $965 million for FY 1993).

The Senate action followed action by the House which appropriated $4 billion for CDBG in FY 1993, a $600 million increase above the FY 1992 level.

The big loser in CDBG's good fortune was the HOME state and local block grant program. The House appropriated $600 million for HOME in FY 1993, a $900 million reduction from the FY 1992 level of $1.5 billion. The Senate appropriations subcommittee recommended $900 million for HOME, a $600 million reduction over the FY 1992 level.

These funding recommendations come at a time when Congress is prepared to act a housing reauthorization bill. The House is expected to bring its version of a housing reauthorization bill to the floor as early as August 5th or 6th. The Senate is expected to bring its version to the Senate floor as early as August 4th.
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Title Annotation:Community Development Block Grant Program
Author:Barreto, Julio
Publication:Nation's Cities Weekly
Date:Aug 3, 1992
Words:263
Previous Article:Urban aid gains momentum as recess nears: Bentsen bill pushes economic development bonds, lending incentives.
Next Article:Des Moines: a 'new age community.' (Des Moines, Iowa)


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