House Panel Approves Fiscal 2019 HUD Budget

Filed in Capitol Hill by on May 24, 2018 0 Comments

The House Appropriations Committee approved $43.6 billion for HUD in fiscal 2019, which represents a $941 million increase above the fiscal 2018 enacted level and $11.9 billion above the Trump administration’s fiscal 2019 request.

The following are fiscal 2019 funding levels approved by the House panel for key HUD programs, as well as spending totals for USDA programs that were approved by the committee last week:

  • The HOME program received $1.2 billion for fiscal 2019, slightly below the $1.36 billion allocated for fiscal 2018.
  • The Community Development Fund received $3.36 billion with $3.3 billion earmarked for the Community Development Block Grant program. This total is unchanged from the previous fiscal year.
  • The Project-based Section 8 program received $11.35 billion, a $150 million decrease from last year’s $11.5 billion level.
  • The Section 502 Direct Loan program will be funded at $1 billion in fiscal 2019, down $100 million from the fiscal 2018 level.
  • The Section 502 Guaranteed Rural Housing Loan program will be funded at $24 billion, the same level as last year.
  • The Section 521 Rural Rental Assistance program received funding of $1.33 billion in fiscal 2019, a slight decrease from the $1.4 billion in fiscal 2018.

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

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