WASHINGTON (7/8/08)—A House subcommittee this week will examine funding for federal housing and community development programs and, more specifically, how such things as cancellation of unspent funds can affect the functioning of such programs. The House Financial Services subcommittee on housing and community development, lead by Rep. Maxine Waters (D-Calif.), will scrutinize current federal spending requirements for such programs as: HOPE VI, Section 202 Housing for the Elderly, Brownfields, and Homeless Assistance Grants. The hearing will also look into efforts by the Department of Housing and Urban Development (HUD) to work with grantees to spend funds efficiently, with a particular focus on HUD’s efforts to work with FY 2002 HOPE VI grantees facing cancellation of their grants on September 30th of this year. Legislation introduced by Reps. Corrine Brown (D-Fla.) and John Mica (R-Fla.), directly addressing the issue (H.R. 6347), will also be discussed. A witness list had not yet been made public Monday.