Bill would cut all funding to HUD

Next Steps. According the FY 2018 budget blueprint, the administration is proposing $40.7 billion in gross appropriations, a $7.4 billion (15.3 percent) cut from the FY 2017 omnibus spending level for HUD, and only $23.5 million for the CDFI Fund, a $224 million (91 percent) cut from the FY 2017 omnibus bill.

Trump’s Fiscal 2020 budget seeks .7 Billion Cut to HUD Filed in Capitol Hill by NAHB Now on March 11, 2019 4 Comments President Trump’s proposed fiscal 2020 budget, which runs from Oct. 1, 2019 through Sept. 30 2020, would cut the HUD budget by $8.7 billion to $44.1 billion.

The Federal Housing Finance Agency, Fannie Mae and Freddie Mac have all either experienced. request and instead gave HUD a funding boost. HUD officials declined to comment for this story. The.

It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran’s Affairs. HUD’s fiscal year 2010 budget totaled $43.7 billion, a 9% increase from 2009.

The bill provides $2.4 billion less than the Senate Appropriations Committee-reported FY 2015 T-HUD bill, with approximately $1 billion less for HUD programs. The bill would provide $700 million for the HOME program, a $300 million, or 30 percent, cut from the FY 2014 funding level of $1 billion and $250 million less than the Senate bill and.

Housing Choice Voucher (HCV) Program: HUD’s Housing Choice Vouchers would be funded at 6 percent less than the President’s re- quest for this assistance to the Nation’s most vulnerable families and individuals. In total, compared to the President’s Budget, the GOP budget would provide roughly 100,000 fewer vouchers.

The Trump administration’s FY 2019 budget once again includes unprecedented cuts. funding by a total of $300 billion over two years, and revised thereafter with an addendum to appropriate some (but.

In a budget addendum crafted after the bill's passage, the. But even that addition would leave HUD's funding well below current spending levels.. calls to raise the floor to 35 percent "for all work-able households.

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The Senate bill has sufficient funding to renew all Housing Choice Vouchers and other HUD-administered rental assistance now helping seniors, families with children, and others to pay the rent and make ends meet. In contrast, the House bill would fail to renew nearly 50,000 vouchers currently in use.

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While Trump’s budget cut funding for the Department of Housing and Urban Development (HUD) by 18.3 percent and eliminated popular community development block grant programs in their entirety, the Congressional deal gives HUD $4.6 billion in additional funding compared to fiscal year 2017 levels.

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