Local capacity is built on federal resources, but federal support for affordable housing has been declining since its height in 1977.
There has been a transition to block grants and the Low Income Housing Tax Credit as the major source of funding for privately owned affordable housing. However, LIHTC projects don’t reach very low income households as well as older programs such as project based Section 8.
CRN’s federal policy focus is twofold: first, preservation of existing assisted housing. Section 8 continues to work, but as contracts expire over next five years, these units are at risk of market conversion. CRN monitors these units and informs legislators, tenants and community organizations about those units most at risk.
Second, as the need for affordable housing grows, we will need to address the ongoing decline in federal funding. CRN supports a national movement to create a National Housing Trust Fund.
- HUD Regional Activity Report
- The Obama Administration's Efforts to Help Stabilize the Housing Market