National Alliance to End Homelessness Analyzes H.R. 8

January 04, 2012 – (RealEstateRama) — While portions of the fiscal cliff were averted, the bill failed to replace the across-the-board cuts to domestic and defense spending, known as sequestration, with alternative deficit reduction measures. The deal averted the cuts for approximately 2 months, moving the sequester back to March 1, with the hope that the 113th Congress can strike an alternative deficit reduction deal by then. If the sequester had gone into effect yesterday, the Alliance estimates that ultimate cuts to the Department of Housing and Urban Development’s McKinney-Vento Homeless Assistance Grants would result in 145,000 people homeless instead of housed