Section Highlights

NeighborWorks America's Budget Justification

Every year, every federally funded entity must develop and present to Congress a detailed budget request for the coming fiscal year, which details the entity's recent accomplishments, how it spent the money that Congress appropriated in the past year, and what the entity expects to accomplish with the new funds it seeks. All requests are included in the President's Budget, which is presented to Congress every February. 

FY2015 Budget Justification

On Tuesday, March 4, 2014, President Obama submitted his FY 2015 budget to Congress. FY 2015 begins October 1, 2014, and runs through September 30, 2015. Although NeighborWorks America is not a federal agency, the corporation does receive a direct federal appropriation from Congress, and is therefore included as an item in the President’s budget. Specifically, the President’s budget includes a request of $132 million in core funding for NeighborWorks America, and $50 million in funding for the National Foreclosure Mitigation Counseling Program (NFMC) administered by NeighborWorks America, for a total of $182 million.

Once the President submits his budget request to Congress, NeighborWorks America submits an FY 2015 Budget Justification to Congress. The President’s request represents a 10.78% reduction compared to our FY 2014 enacted funding level of $136.6 million in core funding and $67.5 million for NFMC ($204 million total).

Download the full report: Fiscal Year 2015 Budget Justification [PDF, 1.75 MB]

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NeighborWorks Budget Justification Archives

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