Money could be used to close the deficit.
This money could be used to restore one of the many housing programs that have been cut.
In addition to the CDBG reductions, The HOME Investment Partnership program is reduced from $1.8 billion to $1.6 billion for FY 2011. The Obama Administration’s Sustainable Communities Initiative, receives $100 million, a $50 million cut from the FY 2010 level. Homeless housing assistance grants are funded at increase of $40 million, $1.9 billion including $225 million for the Emergency Solutions Grant program. The HOPE VI program receives $100 million, a 50 percent cut from FY 2010 level of $200 million. The Section 8 voucher program is funded at $18.4 billion, with $16.7 billion for tenant-based voucher renewals, and $50 million is included for HUD-Veterans Affairs Supportive Housing (VASH) vouchers.