Administration Proposes $40 Million Cut for Rural Housing Programs

Filed in Capitol Hill, Multifamily by on May 8, 2018 0 Comments

green percentThe Trump administration has proposed a $15.4 billion package of spending cuts that includes a $40 million reduction for the Rural Housing Service (RHS).

The White House has said this proposed cutback is carryover funding that would not affect RHS’s ability to fully pay for rental assistance contracts through fiscal 2018.

NAHB opposes this proposed cut to housing assistance, particularly when Congress has already voted to appropriate the funds. NAHB believes these funds should be used for housing programs – especially when there is an affordable housing crisis and one in four Americans have worst case housing needs (spend more than 50% of their income rent).

It is uncertain if Congress will vote on legislation to approve the administration’s request for the spending reduction package, or consider a different rescissions package. However, all funds discussed in this package will be frozen for 45 days or until Congress officially rejects it.

NAHB will urge lawmakers to oppose any spending cuts to housing programs.

For more information, contact Jessica Hall at 800-368-5242 x8253.

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