Blog Archive

Blog Archive

Saturday, May 21, 2011

postheadericon We can't afford to cut housing counseling funds

Congress is facing tough choices as it struggles to come up with a federal budget for fiscal year 2012 that must consider the nation’s deficit. From our perspective, one of the easier decisions should be restoring $88 million for the impactful, 43-year-old Housing Counseling Assistance Program.

Established in 1968, the Housing Counseling Assistance Program has long received bipartisan support. But funding for the program â€" which provides invaluable guidance to homeowners, including the elderly and people thinking of buying a house, facing foreclosure or needing rental assistance â€" was eliminated in the fiscal year 2011 Continuing Resolution passed by Congress in April.

The timing could not have been worse. 

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