Trump budget proposal would decimate HUD funding The proposal is more extreme than last year’s budget, but like last year’s, this budget is unlikely to pass By Jeff Andrews Feb 12, 2018, 5.
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Originally, the administration released a budget that would cut the department’s funding to $39.2 billion, bringing the total cuts over the past two years to $8.8 billion or 18.3%. However, early Friday morning, Trump signed a massive spending bill that reopened the government from its second shutdown this year.
Stewart has been a leading advocate for funding the program. Last month, he testified in front of Congress in favor of a bill.
House bill would give HUD $13.4 billion more funding than Trump plan. In contrast to the severe cuts proposed by the Trump administration, affordable housing programs would get a tremendous boost of funding in Fiscal Year 2020 under the spending bill just released by the House Appropriations Committee.
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.
The bill would level fund HUD Housing Counseling funding at $45 million and cut funding for the National Foreclosure Mitigation Counseling (NFMC) program to $50 million. The bill would provide $4.4 billion for the public housing operating fund and would cut the Public Housing Capital Fund to $1.8 billion.
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.
Bill would cut all funding to HUD. Donald Castaneda 0 Comments. Contents Cut federal appropriations Bill significantly favors Buy ice cream Restrictive professional licensing requirements taxing people based But the shelter is among many that face steep federal funding cuts this.
Strong housing market helps reduce lingering foreclosure inventory The Lehigh valley housing market began deteriorating in 2007, with prices dipping on sluggish sales following years of strong. both foreclosures and short-sales where the lender agrees to sell the.
Carson claims this rule is all about freeing up spots for US. It has proposed HUD budget cuts so deep that they “would in essence put us out of business,” said Bill McGonagle, head of the Boston.