(RECAP: On May 26, Representative Jordan (R-OH), chairman of the conservative House Freedom Caucus, introduced the Welfare Reform and Upward Mobility Act, which would prohibit Congress from funding means-tested housing programs and in their place create a single state block grant for housing activities. The legislation would cap appropriations for the block grant from FY 2017 through FY 2022 at FY 2016 appropriations levels, and then cut an additional 10 percent annually from 2023 until 2028, culminating in a 50 percent reduction in funding from their total FY 2016 level. The bill would repeal and replace with the block grant the following federal housing programs: Section 8 tenant-based and project based rental assistance, public housing, the HOME Investment Partnerships program, McKinney-Vento Homeless Assistance Grants, the Section 202 Housing for the Elderly program, the Section 811 Housing for People with Disabilities program, the Native American Housing Block Grant program, the Section 101 Rent Supplement Program, the Section 236 Rental Assistance Payments program, the Rural Housing Insurance Fund, and all assistance programs provided by the Rural Housing Service.)
Skip to content
Bridge Loan Direct – California's Premier Hard Money Mortgage, Private Money, and Bad Credit Bridge Lenders!