WASHINGTON - Top Senate housing lawmakers yesterday strongly urged HUD Secretary Henry Cisneros to drop his plan for cutting HOME funds in fiscal 1995, saying he should scale back proposals for new housing initiatives instead.

The Department of Housing and Urban Development "is pulling back on your commitment to this joint enterprise" by proposing to cut HOME funds by $275 million in fiscal 1995, Sen. Paul Sarbanes, D-Md., told Cisneros, who was testifying to the Senate Banking Committee on housing reauthorization issues.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.