Omnibus Bill Released: HOME Funds Restored & CLT Statutory Clarification Included
Congressional leaders released the text of the Omnibus FY16 Spending bill on December 16. Congress is currently operating under a Continuing Resolution (CR) to avoid shutdown until December 22. It is possible that both the House and Senate could take up the omnibus and pass it by December 18.
If enacted, the omnibus bill represents a significant improvement to the Transportation, Housing and Urban Development (THUD) Appropriations bills initially proposed by the House and Senate earlier this year. View Enterprise’s Summary Table to review increases or level funding for most community development programs.
Highlights of the Bill:
- The statutory clarification for community land trusts to maintain the right of first refusal under the HOME program was included, ensuring that CLTs with pre-emptive purchase options may continue to use HOME funds.
- The HOME Program was funded at $950 million, which is a slight increase of $50 million from FY15.
- CDBG funding remains level.
- The National Housing Trust Fund was not raided to fund other programs.