President Obama Signs Continuing Resolution for HUD Budget - October 1, 2009

From Enterprise Community Partners - On September 30, President Obama signed into law a conference report that contains the continuing resolution to fund most of the federal government until October 31. The resolution was included as part of the FY 2010 Legislative Branch Appropriations Act (HR 2918) which passed the Senate earlier that day by a vote of 62-38, previously by the House on September 25. The Continuing Resolution (CR) provides funding for government activities at FY 2009 levels.

In addition to generally maintaining spending at FY 2009 levels, the CR provides for extensions of existing project-based Section 8, Section 202, and Section 811 rental assistance contracts for a full twelve months of funding upon expiration. Additionally, the CR extends FHA lending programs at higher commitment rates than would normally be allowed under the terms of a standard continuing resolution. Finally, the CR prohibits all funding under the CR and previous spending bills to ACORN and its affiliates.

To view a detailed budget breakdown and comparison, see Enterprise's FY 2010 Budget Chart.

Visit the Library of Congress website for further information on the Continuing Resolution.