Tag: budget

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.

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Missed Opportunity for LIHTC on Budget Accord

Filed in Capitol Hill, Multifamily by on March 22, 2018 1 Comment
Missed Opportunity for LIHTC on Budget Accord

Republican and Democrat leaders struck a deal yesterday on a $1.3 trillion omnibus spending package that missed a golden opportunity to significantly strengthen the Low Income Housing Tax Credit program.

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Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD

Filed in Capitol Hill, Labor, Safety and Health by on February 12, 2018 2 Comments
Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD

President Trump’s proposed fiscal 2019 budget, which runs from Oct. 1, 2018 through Sept. 30 2019, would cut the HUD budget 18.3%, or $8.8 billion, to $39.2 billion.

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Energy and Home Owner Tax Credits Included in Budget Accord

Filed in Capitol Hill by on February 9, 2018 2 Comments
Energy and Home Owner Tax Credits Included in Budget Accord

As part of the Bipartisan Budget Act of 2018, which was signed into law on February 9, Congress retroactively extended a number of expired energy and home owner tax provisions. The tax credits were reinstated on a retroactive basis for 2017 only.

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After Brief Government Shutdown, Congress Approves 2-Year Budget Framework

Filed in Capitol Hill by on February 9, 2018 0 Comments
After Brief Government Shutdown, Congress Approves 2-Year Budget Framework

Congress early this morning approved a two-year budget framework to keep the government running following a brief shutdown that began at midnight and lasted less than six hours. The accord includes massive increases to defense and discretionary spending, as well as key housing provisions.

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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.

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Administration to Propose Deep Cuts to HUD Programs

Filed in Capitol Hill by on May 19, 2017 2 Comments

A budget draft obtained by POLITICO confirms a March 16 report in NAHBNow that the Trump administration plans deep spending cuts to HUD programs as part of its fiscal 2018 budget.

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Trump Budget Proposes $6 Billion Cut to HUD

Filed in Capitol Hill by on March 16, 2017 15 Comments
Trump Budget Proposes $6 Billion Cut to HUD

President Trump unveiled his fiscal 2018 budget plan today that proposes sharp increases to defense spending along with corresponding cuts to scores of non-defense discretionary programs. Notably, the administration puts HUD’s funding at $40.7 billion, down $6.2 billion or 13.2% from the $46.9 billion in 2017.

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Penalties for OSHA Fines Will Increase Aug. 1

Penalties for OSHA Fines Will Increase Aug. 1

On Aug. 1, monetary penalties issued by the Occupational Safety and Health Administration (OSHA) for regulation infractions are slated to rise by up to 150% depending on the type of violation.

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Obama’s $4.1 Trillion Budget Proposal is DOA on Capitol Hill

Filed in Capitol Hill, Multifamily by on February 11, 2016 0 Comments
Obama’s $4.1 Trillion Budget Proposal is DOA on Capitol Hill

President Obama on Feb. 9 unveiled a $4.1 trillion fiscal year 2017 budget proposal to Congress that is up 5% from the current year. While the blueprint is unlikely to move through Congress, it will serve as a marker regarding funding for important housing programs.

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