Tag: appropriations

How the Government Shutdown Could Affect Housing

Filed in Capitol Hill by on December 22, 2018 14 Comments
How the Government Shutdown Could Affect Housing

The government shutdown will affect housing and home builders. In most cases, the short-run impacts will be minor. A long-term shutdown, lasting several weeks or a month or more, could have significant impacts on mortgage accessibility and reduce housing demand.

Continue Reading »

Congress Extends Flood Insurance Program Through May 31

Filed in Capitol Hill by on December 22, 2018 2 Comments
Congress Extends Flood Insurance Program Through May 31

Although Congress and the White House failed to avert a partial government shutdown, NAHB achieved a significant victory when lawmakers agreed to extend funding for the National Flood Insurance Program (NFIP) through May 31, 2019. Absent congressional action, funding would have expired for the program last night.

Continue Reading »

Trump Signs Bill to Keep Government Running

Filed in Capitol Hill by on September 28, 2018 0 Comments

President Trump today signed legislation to fund the Departments of Defense, Labor, Education, and Health and Human Resources through fiscal year 2019, which ends on Sept. 30. All other agencies that have not yet received appropriations, including HUD and the U.S. Department of Agriculture, will be funded at fiscal 2018 levels under a continuing resolution that will expire at 11:59 p.m. on Dec. 7.

Continue Reading »

House Panel Approves Fiscal 2019 HUD Budget

Filed in Capitol Hill by on May 24, 2018 0 Comments
House Panel Approves Fiscal 2019 HUD Budget

The House Appropriations Committee approved $53.1 billion for HUD in fiscal 2019, which represents a $440 million, or 0.8% increase from fiscal 2018 levels and nearly $12 billion more than the Trump administration’s fiscal 2019 request.

Continue Reading »

Administration Proposes $40 Million Cut for Rural Housing Programs

Filed in Capitol Hill, Multifamily by on May 8, 2018 0 Comments
Administration Proposes $40 Million Cut for Rural Housing Programs

The Trump administration has proposed a $15.4 billion package of spending cuts that includes a $42 million reduction for the Rural Housing Service (RHS).

Continue Reading »

Congress Approves $1.3 Trillion Spending Package

Filed in Capitol Hill by on March 22, 2018 1 Comment
Congress Approves $1.3 Trillion Spending Package

Congress has approved a $1.3 trillion spending bill that will fund the federal government through the end of the current fiscal year, which expires Sept. 30. The sweeping appropriations legislation includes several areas of interest to the housing community.

Continue Reading »

Short-Term Spending Bill Keeps the Government Open Through Jan. 19

Filed in Capitol Hill by on December 21, 2017 0 Comments

With the government funding set to run out on Dec. 22, Congress moved to approve a short-term continuing resolution to keep the lights on at federal agencies through Jan. 19.

Continue Reading »

Senate Panel Approves $40.24 Billion HUD Budget for Fiscal 2018

Filed in Capitol Hill by on July 25, 2017 0 Comments
Senate Panel Approves $40.24 Billion HUD Budget for Fiscal 2018

The Senate-T-HUD Appropriations Subcommittee today approved $40.24 billion in appropriations for HUD for fiscal 2018, which starts Oct. 1. This is an increase of $1.4 billion above the current level.

Continue Reading »

House Panel Set to Approve HUD Funding for Fiscal 2018

Filed in Capitol Hill by on July 11, 2017 0 Comments
House Panel Set to Approve HUD Funding for Fiscal 2018

The House T-HUD Appropriations Subcommittee is expected this evening to approve a spending bill for HUD for fiscal 2018, which starts Oct. 1, 2017.

Continue Reading »

Trump Proposes $6.2 Billion Budget Cut to HUD

Filed in Capitol Hill by on May 23, 2017 0 Comments
Trump Proposes $6.2 Billion Budget Cut to HUD

President Trump today proposed a $4.09 trillion budget request for fiscal 2018, which begins on Oct. 1. The plan would slash HUD funding by $6.2 billion, or 13%, to $40.7 billion, and includes billions of dollars of cuts to other Cabinet agencies to help offset a proposed $54 billion increase in defense spending.

Continue Reading »