WHEREAS, mayors from cities across the nation met in Los Angeles September 23 and 24 to develop an action agenda on poverty to present to the next President of the United States; and
WHEREAS, the Los Angeles meeting culminated two years of work by the Conference of Mayors Task Force on Poverty, Work and Opportunity on this national action agenda on poverty; and
WHEREAS, the mayors agreed that:
While the number of low- and moderate-income families in the U.S., spending more than half their income on housing has increased in recent years, housing assistance as a share of federal discretionary outlays has decreased.
The current crises in the nation's housing and credit markets have only added to the problems faced by these families, and have intensified the need for the federal government to increase its support for existing programs that ease the housing burden for low-income renters and homeowners alike.
To attack one of the greatest contributors to the mortgage crisis, there is a need for comprehensive federal legislative and regulatory policies to combat predatory abuses in the mortgage lending market.
NOW, THEREFORE, BE IT RESOLVED that The United States Conference of Mayors adopts as its policy the actions called for by the mayors in the National Action Agenda on Poverty:
The CDBG formula funding should be doubled to $8 billion to address needed projects and activities that have been deferred due to past cuts in CDBG funding, and to continue to build on the proven record of this program.
Full funding of Section 8 should be implemented in an effort to close the gap between those receiving assistance and those needing it. The Section 8 Housing Choice Voucher Program provides rental subsidies to low-income renters and assistance to help low-income families.