81st Annual Meeting: June 21-24, 2013 in Las Vegas


††††††††††† WHEREAS, the HOME Investment Partnerships (HOME) program has been vital for housing low-income families for 20 years; and

††††††††††† WHEREAS, local and state governments used HOME for affordable housing production and rehabilitation, preservation, and rental and homeownership assistance; and

††††††††††† WHEREAS, from 1992, states and localities have used HOME funds to produce 460,692 home buyer homes, 423,154 rental homes, and 212,100 rehabilitated home buyerhomes; and

††††††††††† WHEREAS, HOME has provided rental assistance to 264,715 families; and

††††††††††† WHEREAS, HOME funding leverages more than $4 from private and public resources for every $1 of HOME; and

.†††††††††† WHEREAS, over its 20 year history, HOME has leveraged an additional $100.2 billion in affordable housing funds; and

††††††††††† WHEREAS, HOME is also an excellent job program, creating or protecting 18,000 jobs for every $1 billion of HOME funding; and

††††††††††† WHEREAS, HOME has been severely cut by 41 percent since FY2011, from $1.6 billion to the FY2013 level of $948 million; and

†††††††††† WHEREAS, HUDís FY2014 Budget proposes to fund HOME at $950 million;
††††††† ††††and

†††††† ††††WHEREAS, the House Appropriations Subcommittee on Transportation,
††††††††††† Housing and Urban Development cut HOME from $948 million to $700 million
††††††††††† in FY2014; and

†††††††††† WHEREAS, nearly 8.5 million very low-income families who do not receive
††††††††††† government housing assistance pay more than half their monthly income for rent,
††††††††††† lived in substandard housing, or both; and

†††††††††† WHEREAS, as the number of families with worst case housing needs continue to
††††††††††† rise, with the number up 2.6 million, or 43.5 percent, since, 2007,

††††††††††† NOW, THEREFOR BE IT RESOLVED, that the U.S. Conference of Mayors calls on Congress and the Administration to restore the HOME programís funding in FY2014 to at least $1.6 billion.

††††††††††† Projected Cost: $1.6 billion