Impact of Sequestration
More than Two Million Americans Face Negative Impacts of 2013 Cuts Housing and Other Programs
An across-the-board cut, or sequestration, of federally funded housing and community development programs would severely impact the provision of safe, decent and affordable housing and necessary supportive services, and the development and recovery of vibrant communities. Sequestration of all discretionary spending is scheduled to take effect on January 2, 2013; this would result in an estimated 8.4% cut for housing and community development accounts.
This document -- assembled by the Campaign for Housing and Community Development Funding, of which the Law Center is a member -- shows the catastrophic impact of budget cuts on low-income Americans if Congress and the Administration fail to reach a new budget agreement.
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