Bill would cut all funding to HUD

Trump’s Fiscal 2020 Budget Seeks $8.7 Billion Cut to HUD Filed in Capitol Hill by NAHB Now on March 11, 2019 4 Comments President Trump’s proposed fiscal 2020 budget, which runs from Oct. 1, 2019 through Sept. 30 2020, would cut the HUD budget by $8.7 billion to $44.1 billion.

The House Appropriations Subcommittee that oversees funding levels for affordable housing and community development programs at HUD will vote today on a draft Fiscal year (fy) 2018 spending bill that significantly underfunds federal investments that serve low income people and communities.

HUD provides 5 million Americans with housing assistance, but that could. that for every one percent cut in HUD's budget, 20,000 renters would lose their assistance. How Donald Trump Just Raised Many Mortgage Bills.

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House bill would give HUD $13.4 billion more funding than Trump plan. In contrast to the severe cuts proposed by the Trump administration, affordable housing programs would get a tremendous boost of funding in Fiscal Year 2020 under the spending bill just released by the House Appropriations Committee.

FHA financing, according to the agency, is currently used by 38 percent of all homebuyers. The spending plan contrasts markedly with the bill passed late last week by the U.S. House. That bill-HR.

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In addition to the cuts to the Section 202 account, the request would eliminate funding for the Public Housing Capital Fund and cut funding for the Public Housing Capital Fund by 38%. These are the only two funding sources for the nation’s public housing. According to HUD, 33% of public housing apartments are led by older adults.

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The Commerce, Justice, Science, and Related Agencies bill funds the.. This funding will support research at all ARS facilities to help mitigate and stop.. This rejects the President's proposed program cuts and includes $81.. Department of Housing and Urban Development (HUD) – The bill provides a.

Next Steps. According the FY 2018 budget blueprint, the administration is proposing $40.7 billion in gross appropriations, a $7.4 billion (15.3 percent) cut from the FY 2017 omnibus spending level for HUD, and only $23.5 million for the CDFI Fund, a $224 million (91 percent) cut from the FY 2017 omnibus bill.