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New Construction and Home Modification Funding in Senate Bill
On June 12, 2018 by Bobbie Guidry
The Senate Appropriations Committee approved $44.5 billion for HUD in fiscal year 2019, including $678 million for the Section 202 Housing for the Elderly account and $11.7 billion for Project-Based Rental Assistance that provides the operating subsidy for approximately two-thirds of Section 202 homes.
House HUD Funding Bill Covers Renewals, Not New Construction
On May 22, 2018 by Bobbie Guidry
Affordable housing programs received a bit of good news last week when the U.S. House Appropriations Committee provided $941 million more for the U.S. House & Urban Development Department (HUD) in fiscal year 2019 (FY19) than last fiscal year.
HUD Proposal Would Increase Residents’ Rents
On May 9, 2018 by Bobbie Guidry
The U.S. Housing & Urban Development Department (HUD) is circulating a proposal to change how residents’ rents are calculated in all HUD-assisted housing programs.
Key Updates on Affordable Housing Funding
On April 25, 2018 by Bobbie Guidry
In a call with LeadingAge last week, we received key updates on affordable housing funding from their advocacy on Capitol Hill:
President Trump Proposed Budget Includes Deep Cuts to HUD
On February 14, 2018 by Bobbie Guidry
The initial budget request released by President Donald Trump this week includes deep cuts to affordable housing programs. The budget proposal cuts funding to the U.S. Housing & Urban Development Department by 18 percent, which would: