Hopkins To Join Lawsuit Against Feds Over HRA Cuts
New rules punish agencies with ‘excessive’ savings, cutting federal funding to the city’s Housing and Redevelopment Authority.
Update: At Tuesday’s City Council meeting, members agreed to support the litigation efforts provided they received more information on the organizations overseeing the litigation and how the money to fund it would be spent. *** Hopkins’ Housing and Redevelopment Authority may join with housing authorities across the country to sue the federal government over penalties for saving too much money. New rules that President Barack Obama included in his budget request, and Congress authorized, reduce federal funds for public housing authorities that have “excessive” savings—defined, in Hopkins’ case, as a fund balance greater than six months of typical operating expenses. Last year, the city’s Housing and Redevelopment Authority (HRA) received $…
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