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Funding Levels for Federal Housing and Community Development Programs, 1980-1992 1 (June 1992)

handle is hein.congrec/cbo9412 and id is 1 raw text is: a CONGRESSIONAL BUDGET OFFICE U.S. Congress Washington, DC 20515 Robert D. Reischauer Director MEMRANDiUM June 3, 1992 TO: Staff FROM: Carla Pedone SUBJECT: Funding Levels for Federal Housing and Community Development Programs, 1980-1992 Attached are four tables presenting trends since 1980 in funding levels of federal housing and community development programs, administered primarily by the Department of Housing and Urban Development (HUD) and the Farmers Home Administration (FmHA). Figures for 1992 reflect the Administration's estimates of the use of appropriated funds, including proposed rescissions of funds for some programs. For your information, the Administration's 1993 budget proposal for these programs is also included. Table 1 shows annual budget authority levels for the various programs. All figures are net of funding rescissions, exclude reappropriations, include supplemental appropriations, and account for transfers of funds from one program to another. Changes in budgetary accounting procedures complicate the construction of a consistent time series of the funding levels of these programs and require aggregating and disaggregating figures in assorted budgetary accounts. Therefore, for a number of programs, funding levels reported here are not readily apparent in the various U.S. budget documents. One type of complication is that the accounts where some programs are funded change over time and some programs are funded in more than one account in a given year. For example, the Assisted Housing Account (the first entry in Table 1) has included at times all, part, or none of the funding for Section 8 Contract Renewals, the Section 17 programs (Rental Rehabilitation Grants and Housing Development Grants), Nehemiah Grants, Drug Elimination Grants for Public Housing, and Section 8 Moderate Rehabilitation Single-Room- Occupancy for the Homeless. Specifically, the budget authority shown for Section 8 Contract Renewals (the second entry in Table 1) was completely embedded in the Assisted Housing Account in 1989, while in 1990 $1.4 million of the total shown was funded in the Assisted Housing Account and the rest in a separate account. Another type of complication is the changing definition of on-budget versus off-budget activities. One such change affected the budget authority levels of the FmHA's Rural Housing Insurance Fund (RHIF) as of 1986, when loan asset sales and purchases between FmHA's Rural Housing Insurance Fund (RHIF) and the Federal Financing Bank (FFB) became on-budget. Prior to 1986, these transactions

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