Obama needs a hefty sum to implement his project, Promise Neighborhoods, and the senate and the house are reluctant to pay up.

• It seems unlikely that President Obama will receive the full amount of funding he requested from next year’s budget for Promise Neighborhoods – a program that helps nonprofits set up anti poverty projects.
• This year, only $10 million was delegated to the cause, however because the program was largely in the planning stages, it was sufficient to cover costs.
• In order to implement the program over the next five years, a large increase in funds is required, an increase that the Senate and House appropriations committees will not dole out.

Facts & Figures

• The Obama administration requested $210 million for the project.
• The Senate allocated only $20 million to the cause.

Best Quote:

“Every significant policy decision made by the Department on Promise Neighborhoods has been made behind closed doors, with little or no public knowledge or input,” – Paul Lester, Senior Vice President for Public Policy, Promise Neighborhoods.

Tags: budget, nonprofit, Obama, Poverty, Promise Neighborhoods