Donovan Says Renewal Needs for Long-Term Contracts to Put Pressure On HUD Budget Over Next 10 Years

摘要

HUD Secretary Shaun Donovan warned the Senate HUD appropriations subcommittee that the annual budget authority needed to renew expiring long-term Section 8 contracts will increase by an estimated $1.5 billion over the next 10 years, just one indication of the challenges HUD faces at a time when budget discussions are focusing on ways to reduce spending. At the March 3 hearing on HUD's fiscal 2012 budget request, both subcommittee chairman Patty Murray CD-Wash.) and ranking member Susan Collins (R-Maine) noted that Section 8 vouchers, project-based Section 8, and contract renewals for homeless projects would take up more than 75 percent of HUD funding.