2012 Annual Meeting2012 Annual MeetingJanuary 24-25, 2012January 24-25, 20122012 Annual Meeting2012 Annual MeetingJanuary 24-25, 2012January 24-25, 2012

Michael NovogradacNovogradac & Company LLP

Stephen J. WallaceNixon Peabody LLP

Ali SolisEnterprise Community Partners, Inc.

Panelists:

Moderator:

The Impact of HUD Budget CutsThe Impact of HUD Budget CutsThe Impact of HUD Budget CutsThe Impact of HUD Budget Cuts

2012 Annual Meeting2012 Annual MeetingJanuary 24-25, 2012January 24-25, 2012

2010 Final 2011 Final FY 2012 Minibus Final (HR2012) Signed 11/18

Section 8 Project Based $8.951 B* $9.276 B* $9.3B

Section 8 Tenant Based $20.339 B** $20.702 B** 18.9 B

CDBG $3.992 B $3.343 B $3.3 B

HOPE VI $1.35 M $100 M $0

Public Housing Capital Fund $2.5 B $2.044 B $1.8 B

Public Housing Operating Fund $4.775 B $4.626 B $3.9 B

Veterans Vouchers $75 M $50 M $75 M

Elderly 202 $825 M $400 M $374 M

HOME $1.825 B $1.610 B $1.0 B

CHOICE Neighborhoods $0 $0 $120 M

TRA (RAD) $0 $0 $0

* Includes prior year advance of $400 M** Includes prior year advance of $4 B

2012 HUD Appropriations

2012 Annual Meeting2012 Annual MeetingJanuary 24-25, 2012January 24-25, 2012

Obama Jobs Speech, September 8Official White House Photo by Chuck Kennedy

• State of the Union Tonight

• Budget to be released February 13th

President Obama’sFY 2013 Budget

2012 Annual Meeting2012 Annual MeetingJanuary 24-25, 2012January 24-25, 20122012 Annual Meeting2012 Annual MeetingJanuary 24-25, 2012January 24-25, 2012

Michael NovogradacNovogradac & Company LLP

Stephen J. WallaceNixon Peabody LLP

Ali SolisEnterprise Community Partners, Inc.

Panelists:

Moderator:

The Impact of HUD Budget CutsThe Impact of HUD Budget CutsThe Impact of HUD Budget CutsThe Impact of HUD Budget Cuts