Cost of Affordable Housing for Seniors & Heath Care

January 25, 2011, 11:36 AM

What will the cost be to the taxpayer? According to a Congressional Budget Office Cost Estimate of November 9, 2010, the direct government spending may be relatively small in comparison to the expansion of the housing program, with the anticipated direct spending of $5,000,000 and discretionary costs of $4,000,000 over the 2011-2015 period and $9,000,000 over the 2011-2020 period. These projections are, of course, made with assumptions that may or may not come to be over time. The report also notes that there will be additional costs to owners of properties or projects that receive funding from the additional reporting requirements imposed by the Act. --Paul W. Gerhardt