Debates and discussions about the future of federal spending seem to dominate the headlines today, and the general consensus is that cuts to discretionary programs – such as those that promote affordable housing – are inevitable. In the midst of these conversations, one line-item in the President’s Fiscal Year 2012 Budget has gotten less attention than it perhaps deserves: $100 million to pilot a Pay for Success bond program. While housing programs do not appear to be eligible for these bonds in this budget, there’s no reason they shouldn’t be available to fund innovating housing programs in subsequent years.
Remodeling
Source: National Housing Conference
