Lawmakers Agree on Spending Package Through Sept. 30

Filed in Capitol Hill, Multifamily by on May 1, 2017 0 Comments

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Congress has agreed to a massive spending bill to fund the federal government through Sept. 30, the end of fiscal 2017. The House voted to approve the $1.1 trillion spending bill on May 3 and the Senate approved the measure a day later.

Here are key budget items of note to the housing community:

HUD Funding

  • $10.82 billion for Section 8 Project-Based Rental Assistance, compared to current levels of $10.62 billion
  • $3 billion for Community Development Block Grant programs and $950 million for the HOME Investments Partnership Program: Both continue the same level as current funding

Agriculture Funding

  • $1.41 billion for the Section 521 Rental Assistance Program, staying at current funding levels

In addition, the bill includes temporary relief from a federal cap on annual H-2B temporary worker visas to allow additional visas to be issued in 2017.

Many employers that have relied on H-2B workers for peak or seasonal business needs when local labor isn’t available – including those in the construction sector – were shut out from the program when the cap of 66,000 visas was reached extremely early this year in March.

For more information on the H-2B program, contact Alexis Moch at 800-368-5242 x8407.

Contact Jessica Hall at x8253 to learn more about funding levels for other housing-related federal programs, and see more details here.

This post was updated May 4 to reflect congressional passage.

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