What yesterday's hearing means for housing funding

June 30, 2011

Yesterday, the Mayor’s staff presented to the Council his plan to spend unexpected revenue from FY11 and FY12 to pay for funding priorities the Council passed a few weeks ago. With $115 million going to the items at the top of the list, restorations to housing programs will begin if any more than $3.2 million becomes available in future revenue. We do not want to be overly optimistic , but it is looking more likely that housing programs will receive some of the funding they deserve in the FY12 budget.

Want to see a spread sheet of the math on this? Click here (Developed by CNHED’s own Bob Pohlman)

Want to see the Post coverage? Click here

Update: You probably want this too: DC FPI’s description of how it all works is here

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