MReport July 2021

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TH E M R EP O RT | 59 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T for the Indian Housing Block Grant (IHBG) Program for affordable housing in Tribal communities; and $85 million for Fair Housing programs, and increased HUD staff capacity to help root out systemic racism and discrimination from our housing market. • Increase the Production of and Access to Affordable Housing: To lay the foundation for the major long-term investments in the American Jobs Plan, the Budget provides $1.9 billion for the HOME Investment Partnerships (HOME) Program– an increase of $500 million above the FY21 enacted level–to create affordable housing for low-income households. This request includes a $100 million set-aside for a new Homebuyer Assistance initiative that provides funding to states and insular areas to better support sustainable homeownership. The Budget also proposes a Home Equity Accelerator Loan (HEAL) Pilot that would test new loan products designed to lower barriers to homeownership for first-time, first-generation homebuyers. • Promote Climate Resilience, Environmental Justice, and Energy- Efficiency Across the Housing Sector: The Budget includes $800 million to reduce carbon pollution, increase resilience to the impact of climate change, and address environmental justice. Communities served by HUD programs, which often have a significant share of low- and moderate-income households and people of color, are often more vulnerable to climate change due to their locations, aging infrastructure, and historic disinvestment. As part of the Administration's whole-of-government approach to the climate crisis, the Budget reflects HUD's commitment to expanding energy-efficient and climate-resilient housing options in public and assisted housing. "With the FY22 Budget, we are turning the page on decades of disinvestment and disregard for our nation's housing crisis and putting housing where it belongs–at the center of our efforts to build a stronger, more equitable America," said Fudge. "The Budget sends a clear signal that HUD is no longer going to be left on the sidelines while millions of Americans struggle with housing and remain shut out from the opportunities a good home provides. The FY22 Budget transforms and empowers HUD to lay the foundation for stronger, more equitable housing infrastructure, to help communities thrive, and to give every person a fair shot to get ahead." Addressing the nation's homelessness crisis has been a top priority for Secretary Fudge and the Biden-Harris Administration. Secretary Fudge recently announced the allocation of $10 billion in American Rescue Plan homelessness assistance: $5 billion in funding through the HOME Investment Partnerships Program to increase affordable housing to address homelessness, and $5 billion for 70,000 emergency housing vouchers.

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