President Trump released an outline of the FY18 Federal Budget, revealing drastic proposed cuts to valued resources for community economic development and asset building. Key points from the budget include:

  • Elimination of funding for the Community Development Block Grant (CDBG) Program
  • Elimination of funding for the HOME Investment Partnership Program (HOME)
  • Elimination of funding for the Choice Neighborhoods Program
  • Elimination of funding for the Self-Help Homeownership Opportunity Program (SHOP)
  • Elimination of funding for the Section 4 Capacity Building for Community Development and Affordable Housing
  • Elimination of funding for the Economic Development Agency (EDA)
  • Elimination of funding for the Minority Development Business Agency (MBDA)
  • Elimination of funding for the SBA PRIME Program
  • Elimination of funding for the Community Development Financial Institution (CDFI) Fund
  • Reduction in staffing in USDA’s Service Center Agencies

This news creates a great concern about the programs that are essential to the work of community economic development in Latino communities. It is imperative that we advocate for the continued funding of these programs that are essential for the future of our communities and the development of rural areas. It is time to take action. What do we need to do? Please contact federal representatives in the state of Nebraska and Iowa expressing your concern about these drastic cuts incorporated in the FY18 Federal Budget.