U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WASHINGTON, DC 20410
Written Testimony of Shaun Donovan
Secretary of U.S. Department of Housing and Urban Development (HUD)
Hearing before the Committee on Senate Banking, Housing and Urban Affairs
onHUD’s Fiscal Year 2012 Budget Request

Thursday, May 5th, 2011

Chairman Johnson, Ranking Member Shelby and Members of the Committee, thank you for the opportunity to testify today regarding the fiscal year 2012 Budget for the Department of Housing and Urban Development, Creating Strong, Sustainable, Inclusive Communities and Quality Affordable Homes.

I appear before you to discuss this Budget in an economic environment that is significantly improved from when the President took office. An economy that was shrinking is growing again – and instead of rapid job loss, more than a million private sector jobs were created in the last year. But we know there’s still more work to be done to ensure that America and its workers can compete and win in the 21st century. And we have to take responsibility for our deficit, by investing in what makes America stronger and cutting what doesn’t, and in some cases making reductions in programs that have been successful.

HUD’s Fiscal Year 2012 budget tackles these challenges head on: by helping responsible families at risk of losing their homes and by providing quality affordable rental housing; by transforming neighborhoods of poverty to ensure we are not leaving a whole generation of our children behind in our poorest communities; by rebuilding the national resource that is our federally-assisted public housing stock and ensuring that its tenants are part of the mobile, skilled workforce our new global economy requires, and by leveraging private sector investments in communities to create jobs and generate the economic growth we need to out-innovate, out-educate and out-build the rest of the world.

This budget also reflects the need to ensure that we are taking responsibility for our country’s deficits.  As a down payment toward reducing the deficit, the President has proposed a freeze on non-security discretionary spending for the next five years, cutting the deficit by $400 billion over 10 years and bringing this spending to the lowest share of the economy since President Eisenhower. Every department shares a responsibility to make tough cuts so there’s room for investments to speed economic growth. HUD’s fiscal year 2012 budget includes $47.8 billion in gross budget authority, offset by $6 billion in projected FHA and Ginnie Mae receipts credited to HUD’s appropriations accounts, leaving net budget authority of $41.7 billion, or 2.8% below the fiscal year 2010 actual level of $42.9 billion.1 To maintain this commitment to fiscal discipline, we have protected existing residents and made the difficult choice to reduce funding for new units and projects, including cuts to the Community Development Block Grant, HOME Investment Partnerships, and new construction components of the Supportive Housing Programs for the Elderly (Section 202) and Disabled (Section 811).

Find out more about HUD Homes 

101-389545 6173 DANA CT LITHONIA, GA 30058

Property Information
Address: 6173 DANA CT LITHONIA, GA 30058
DEKALB COUNTY
Appraisal Date: 02/06/2011
Bed/Bath: 3/2.00
Total Rooms: 7
Square Feet: 1392
Year: 1986
Property Design:
Parking: Garage
HOA Fees: $0.00
List Date: 04/05/2011
Listing Period: Extended
Period Deadline: 8/11/2011 11:59:59 PM  CST
List Price: $30,000.00
As-Is Value: $35,000.00
FHA Financing: IE (Insured Escrow)
203K Eligible: Yes
Repair Escrow: $550.00
    Review PCR for Repair Escrow Items
Advertisements

About Africa Allah @DIRadioCast

co-founder of DistinctiveImpression MMG LLC, and has been the General Manager of DIRadioCast New Media Network since 2006. A Bahamian national, Africa Allah is dedicated to servicing the needs of the people through creative services and new media innovations. These services have helped companies catapult their performance and leverage top placement on the internet. DIRadioCast New Media Network Specializing in new media distribution, multimedia production relating to content management and viral marketing serviced via our New Media Network. Collectively #DINMN has been developed to support the growth of independent artists, content producers & small businesses globally. View http://DIRadioCast.com for details Purchase Services Here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s