CRS Reports on Housing in the 110th Congress

February 20, 2007

Summary:

Two overarching issues can be expected to frame the housing debate in the 110th Congress. The first is the current budget environment, within which Congress and the Administration have attempted to reduce discretionary spending in recent years. The President’s budget request for FY2008 proposes to hold the growth in nondefense discretionary spending to 1%, less than the rate of inflation. However, the new Congress, controlled by Democrats, might not be as likely as previous Congresses to use the President’s budget as a starting point in crafting its own budget. The second overarching issue is housing affordability for both homeowners and renters. The new Democratic majority has expressed an intention to address issues of affordable housing in the 110th Congress.

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