Both Houses Approve Budget Resolution with Support for Mortgage Programs, Affordable Housing

摘要

The House and Senate have agreed on a fiscal 2010 budget resolution (S.Con.Res. 13) that makes room for funding for assisted housing and community development block grants, along with support for federal mortgage credit programs, though it doesn't provide specific dollar amounts. The resolution also includes provisions for deficit-neutral reserve funds for the affordable housing trust fund and other housing and infrastructure programs. The reserve funds are largely symbolic expressions of congressional support that would allow the Budget Committee chairmen to shift funding allocations to accommodate legislation for a specified purpose, as long as it doesn't increase the deficit.