OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia and Independent Agencies Appropriations Act, 2007

Date: June 13, 2006
Location: Washington, DC
Issues: Transportation Government Budget and Spending

TRANSPORTATION, TREASURY, HOUSING AND URBAN DEVELOPMENT, THE JUDICIARY, THE DISTRICT OF COLUMBIA AND INDEPENDENT AGENCIES APPROPRIATIONS ACT, 2007

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Ms. VELÁZQUEZ. Mr. Chairman and ranking member, some public housing authorities nationwide are feeling the crunch from several years worth of budget constraints and the New York City Housing Authority, the largest PHA in the country, is not different. NYCHA is facing a $168 million shortfall in part because of lack of flexibility in how they can use the three main funding streams: section 8, public housing operating and capital funds. Limited fungibility of funding streams will go a long way in helping PHAs to creatively address funding constraints.

Mr. Chairman, I am hopeful that as the appropriations process moves forward we can continue to discuss a solution to alleviate these funding constraints by providing limited flexibility in the use of funding streams.

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