Annual Appropriations

Each year, during the annual appropriations process, Congress appropriates funding to the HOME account within HUD’s overall appropriation. In FY1992, the first year in which HOME was funded, Congress appropriated $1.5 billion to the HOME account. From FY1993-FY1998, annual appropriations to the HOME account fluctuated between $1 billion and $1.5 billion, and from FY1999 through FY2011 appropriations fluctuated between $1.6 billion and $2 billion, reaching a high of just over $2 billion in FY2004. Since FY2012, appropriations to the HOME account have been $1 billion or below. Decreased funding for the HOME program in recent fiscal years reflects the overall fiscal environment, and may also reflect concerns about the oversight of HOME funds. (For more information on oversight issues, see the “Program Oversight” section of this report.)

While most of the funding appropriated to the HOME account is used for formula grants to states and localities, over the years the HOME account has sometimes also included funding that was set aside for related affordable housing programs or activities. For example, in some years HOME account set-asides have included funding for technical assistance or transfers to the Working Capital Fund (which supports the development and maintenance of HUD’s information technology systems). For several years prior to FY2008, two major set-asides funded through the HOME account were housing counseling (which is now funded in its own account) and down payment assistance through the American Dream Downpayment Initiative, or ADDI (which is no longer specifically funded, although down payment assistance is an eligible use of HOME funds). The former HOME account set-asides for housing counseling and ADDI are discussed in more detail in Appendix A. Since FY2012, the only set-asides funded within the HOME account have been HOME formula grants for the insular areas.

Table 1 shows annual appropriations levels for the HOME program from FY1992 to FY2014, including the amounts appropriated for formula grants and for set-asides. The figures are not adjusted for inflation.

Table 1. Appropriations for the HOME Account,

FY1992-FY2014 (dollars in millions)

 

HOME

HOME

HOME

Fiscal Year

Formula Grants

Set Asides

Account Totalsa

1992

1,460

40

1,500

1993

988

12

1,000

1994

1,213

62

1,275

1995

1,336

64

1,400

1996

1,361

39

1,400

1997

1,332

68

1,400

1998

1,438

62

1,500

1999

1,550

50

1,600

2000

1,553

47

1,600

2001

1,734

62

1,796

2002

1,743

53

1,796b

2003

1,850

137

1,987

2004

1,855

150

2,006

2005

1,785

115

1,900

2006

1,677

81

1,757

2007

1,677

81

1,757

2008

1,625

79

1,704

2009

1,805

20c

1,825d

2010

1,803

22

1,825

2011

1,587

19

1,607

2012

998

2

1,000

2013

946

2

948e

2014

998

2

1,000

Source: Figures are from HUD’s FY1994-FY2015 Budget Justifications and annual appropriations acts.

  1. Totals may not add due to rounding. All appropriations figures are post-rescission and do not include any supplemental emergency or disaster funding.
  2.  
  3. The original HOME appropriation for FY2002 was $1,796 million, with $103 million of that amount accounting for HOME set-asides. This included $50 million for a “Downpayment Assistance Initiative,” a precursor to the American Dream Downpayment Initiative (ADDI). However, the appropriation for the down payment assistance program was subject to the program’s being authorized by June 30, 2002. This authorization did not occur in time, and a supplemental FY2002 appropriations bill (P.L. 107-206) rescinded the $50 million appropriation for down payment assistance.
  4.  
  5. Beginning in FY2009, the appropriation to the HOME account no longer includes set-asides for either the American Dream Downpayment Initiative or housing counseling (housing counseling was funded under its own account). Both programs are discussed in further detail in Appendix A.
  6.  
  7. Total does not include additional funding for the HOME account appropriated in the American Recovery and Reinvestment Act of 2009 (ARRA, P.L. 111-5), which was enacted in February 2009. ARRA provided supplemental appropriations to a number of programs with the intention of stimulating the economy. The HOME account received $2.25 billion under ARRA, which was in addition to its regular FY2009 appropriation. However, rather than being used for traditional HOME program activities, Congress specified that the HOME funding appropriated under ARRA was to be used solely for states to provide gap financing to stalled Low-Income Housing Tax Credit (LIHTC) projects. This funding is referred to as the Tax Credit Assistance Program (TCAP). For more information on TCAP, see HUD’s website at http://portal.hud.gov/hudportal/HUD?src=/recovery/programs/tax.
  8.  
  9. The FY2013 figures include reductions due to sequestration.


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