Bill would cut all funding to HUD

House bill guts National Housing Trust Fund, threatens fair housing. On June 9, the House approved, by a 216 to 210 vote, its THUD FY16 funding bill (H.R. 2577). The bill provides $42 billion for HUD, which is $1 billion above the FY15 enacted level but $3 billion less than the President requested in his budget.

On February 12, President Trump released his initial budget request to Congress for fiscal year 2019 (fy19) hud funding. After a $2 billion add-in from the spending caps agreement is included, the devastating request would cut HUD funding by more than 14%, as compared to fiscal year 2017-enacted levels.

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The first transportation bill. funding over 10 years. It also sought to dramatically reduce the time required to obtain.

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Not all of the details of the bill have been released, but here are some of the bill’s specifics for next year’s U.S. Department of Housing and urban development (hud) budget. The bill would: Cut HOME funding from FY15’s level of $900 million to an FY16 level of $66 million-essentially eliminating the program.

The House Appropriations Subcommittee that oversees funding levels for affordable housing and community development programs at HUD will vote today on a draft Fiscal Year (FY) 2018 spending bill that significantly underfunds federal investments that serve low income people and communities.

The T-HUD appropriations was part of a five-bill package. “This year’s transportation and housing funding bill, included in H.R. 3055, will benefit all American communities – urban and rural – and.

The bill would cut overall HUD funding by $487 million compared to fiscal year 2017. The bill would provide less than is necessary to renew all section 8 project-based rental assistance contracts, which undergird about 1.4 million homes, including about two-thirds of Section 202 homes.

For the U.S. Department of Housing and Urban Development (HUD), the bill provides $52.75 billion in gross discretionary spending and $42.7 billion in net appropriations, according the House Appropriations Committee Transportation-HUD summary.

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.

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