Senate Panel Approves $1.8 Billion Budget Increase for HUD

Filed in Advocacy, Housing Finance, Multifamily by on June 8, 2018 0 Comments

US Capitol Building DomeThe Senate Appropriations Committee has unanimously approved $44.5 billion for HUD in fiscal 2019, which is $900 million more than the House legislation and $1.8 billion above the fiscal 2018 enacted level.

The following are fiscal 2019 funding levels approved by the Senate panel for key HUD programs:

  • The HOME program received $1.4 billion for fiscal 2019, vs. $1.2 billion allocated under the House bill.
  • The Community Development Block Grant Program received $3.3 billion, the same amount as the House legislation.
  • The Project-based Section 8 program received $11.7 billion, $350 million higher than the $11.35 billion earmarked by the House.

More details on funding will be provided when the legislative text is released. For more information, contact Jessica Hall at 800-368-5242 x8253.

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