On March 12, NHC held its Annual Budget Forum at the U.S. Capitol Visitor Center in Washington, DC. NHC’s 2010 Budget Forum highlighted programs and initiatives from the U.S. Department of Housing and Urban Development (HUD) included in the President’s Fiscal Year 2011 Budget Proposal, with a particular emphasis on rental housing and homelessness assistance programs. Raphael Bostic, assistant secretary, Policy Development and Research, HUD, was the keynote speaker at the event. This PowerPoint presentation provides an outline of the housing-related budget items Bostic highlighted in his remarks.

1. Overview of FY2011 BudgetU.S. Department of Housing and Urban Development March 12, 2010

2. HUD’s FY2011 Budget Objectives HUD’s FY2011 budget seeks to achieve five inter-related objectives, drawn from our draft strategic plan, that will further the transformation of the agency and its programs: Strengthen the Nation’s housing market to bolster the economy and protect consumers Meet the need for quality affordable rental homes Utilize housing as a platform for improving quality of life Build inclusive and sustainable communities free from discrimination Transform the way HUD does business

3. Building on the FY2010 Budget In FY 2011, we take major steps towards the transformation of HUD by taking a hard look at our core programs and creating innovative, cross-cutting initiatives with our agency partners.

5. HOME Investment Partnerships

6. Native American Housing Block Grants (NAHBG)

7. the 202 Supportive Housing Program for the Elderly

10. Increasing the mortgage insurance premium

11. Updating the combination of FICO scores and down payment required of new borrowers

12. Reducing seller concessions, and increasing lender enforcement

13. As a result, increases receipts by more than $3.5 billion compared to FY2010.

16. Initiative #1: Individuals with special needs who are homeless or at risk of homelessness

17. Initiative #2: Families who are homeless or at risk of homelessness

18. HUD requests a suspension of funding for Section 202 and Section 811 Capital Advance Grants

20. Connect transportation and housing through the Sustainable Communities Initiative

21. Creates new Catalytic Competition Grants

22. Increases funding for capacity building for non-profits

23. Take Choice Neighborhoods to scale

25. Launched a process for allocating the $259 million Transformation Initiative Fund

26. Increases resources to PD&R for research and development as well as rigorous evaluations

27. Creates central fund for salaries to provide flexibility and reward good management