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Wednesday, October 28, 2015

Budget deal would relieve pressure on affordable housing in New Orleans, elsewhere | NOLA.com

Budget deal would relieve pressure on affordable housing in New Orleans, elsewhere | NOLA.com: A surprise bi-partisan budget proposal announced late Monday could save a housing program New Orleans has used�to attract hundreds of millions in investment to the city.

The deal, which was negotiated by outgoing House Speaker John Boehner and the White House in secret, would lift spending caps by $80 million over the next two years. A House vote could come as early as Wednesday (Oct. 28), according to The Washington Post. If the deal passes, it could take the $900 million HOME Investment Partnership program off the chopping block.