Donovan: Sequestration could devastate Fed housing programs

Sequestration could devastate Fed housing programs. By kerri ann panchuk housingwire Automatic government spending cuts could result in 75,000 fewer households receiving foreclosure-prevention aid along with rental and counseling services through the Department of Housing and Urban Development.

Also, the FHA loan limits were sharply raised post-crisis so FHA and the. of two-unit primary residences and second homes under the following conventional Conforming Prior Approval programs: Super. Donovan: Sequestration could devastate Fed housing programs

In the realm of higher education, Duncan said sequestration would: Cut $49 million from the federal Work-Study program, eliminating. U.S. Secretary of Housing and urban development shaun Donovan;.

U.S. spending cuts scheduled to kick in Friday will constrain the availability of Federal Housing. reductions that could slow fha loan approvals and curtail programs such as foreclosure counseling,

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Ensuring nahma members receive the Latest News and Analysis of. against enacting sequestration for housing programs when testifying before Congress. He called. Sequestration Would Devastate Low Income Housing Programs." National Low-Income Housing Coalition,

Donovan: Sequestration could devastate Fed housing programs – By Kerri Ann Panchuk – Automatic government spending cuts could result in 75,000 fewer households receiving foreclosure-prevention aid along with rental and counseling services through the Department of Housing and Urban Development.

Another 125,000 individuals or families could lose assistance offered through the Housing Choice Voucher program, putting more people at risk of becoming homeless, Donovan told the panel. The HCV program currently provides support to families who are renting in private apartment units. Donovan added that sequestration cuts could cause more than.

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On April 2, HUD Secretary Shaun Donovan testified at a House Transportation-HUD Subcommittee oversight hearing on HUD’s Office of Public and Indian Housing programs. In his opening statement, Subcommittee Chairman Tom Latham (R-IA) commented that over the years, funding needs for renewals have steadily crowded out funding for other priority programs.

Shaun Donovan, the second-longest serving. most high-profile role involved steering HUD through the housing crisis by overseeing the Federal Housing Administration, the foreclosure-prevention.

In addition to cuts to housing counseling programs outlined by Department of Housing and Urban Development Secretary Shaun Donovan in mid-February, HUD will also experience the cuts all the way down.

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