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Witnesses urge Congress to preserve and fund HOME as draft reforms are debated
Summary
Stakeholders warned that proposed appropriations cuts or elimination of the HOME program would severely reduce affordable housing production and urged Congress to fund modernization efforts rather than defund the program.
Witnesses and members used the subcommittee hearing to press Congress to preserve and adequately fund the HOME Investment Partnerships Program while pursuing statutory reforms to improve efficiency.
Ranking Member Cleaver told the committee HOME is HUD's largest block grant dedicated exclusively to affordable housing and said "the program is often used with the low income tax credits" to leverage private investment.…
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