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Sanders to vote against housing cuts

Posted by: VHFA on April 14, 2011 - 2:05pm

sen. sandersSen. Bernie Sanders issued a statement this afternoon saying he will "vote against a budget agreement that cuts public housing by $605 million and eliminates financial counseling when homeowners need it most."

According to the statement, the proposed cuts include a 16 percent reduction to the Community Development Block Grant program, which helps build affordable housing; and a 12 percent cut to the HOME program, which funds affordable housing for low-income families.

The cuts would cost Vermont $1.5 million in grant funding and another $500,000 to build affordable housing.

According to the statement, the budget agreement also eliminates crucial housing counseling services. In Vermont, that would mean a loss of at least $330,000 to community-based organizations working to help keep people in their homes.

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