6-30 NSP 3 Funds included In Fin Reg Bill :: The Construction Management Pro

6-30 NSP 3 Funds included In Fin Reg Bill

After an all-night conference meeting, the House-Senate conference committee approved a version of the financial reform bill  that included $1 billion for a third round of funding for the Neighborhood Stabilization Program (NSP) to be allocated by formula (similar to NSP 1). The compromise bill must now go back to the Senate and the House for approval.

The House appropriations subcommittees are beginning to mark up the FY 2011 appropriations bills. It is unclear when the Transportation, Housing and Urban Development (THUD) bill, which contains funding for the FY 2011 HUD budget, will occur, though it is likely to happen sometime after the July 4 recess. Given the current budgetary constraints and the push to reduce FY 2011 discretionary spending, it is important that you contact your Members of Congress and express your support and concerns for the FY 2011 HUD budget.

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