House and Senate leaders have reached a deal to fund key programs at the Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA). The proposals are expected to be signed by President Trump this week.
The House and Senate packages provide a significant increase over Trump’s fiscal 2020 proposal for HUD. Many of the key housing programs will see an increase over fiscal 2019 amounts.
The bill includes nearly $12.6 billion for project-based rental assistance and $23.8 billion for tenant-based rental assistance, including about $21.5 billion to renew existing contracts, in fiscal 2020.
The budget plan also includes:
- $1.35 billion for HOME, up from $1.25 billion in fiscal 2019;
- $3.43 billion for the Community Development Block Grant program, up from $3.37 billion;
- $2.78 billion for Homeless Assistance Grants, up from $2.64 billion;
- $2.87 billion for the Public Housing Capital Fund, up from about $2.78 billion;
- $4.55 billion for the Public Housing Operating Fund, down from $4.65 billion;
- $175 million for the Choice Neighborhoods Initiative, up from $150 million;
- $793 million for the Sec. 202 elderly housing program, up from $678 million;
- $202 million for the Sec. 811 housing for persons with disabilities program, up from $184 million;
- $40 million for USDA Sec. 515 rental housing direct loans, no change from the fiscal 2019 enacted amount;
- $12.1 million for Sec. 515 subsidies, up from $9 million;
- $1.38 billion for USDA Sec. 521 rental assistance, up from $1.33 billion; and
- $60 million for USDA multifamily preservation and revitalization, up from $51.5 million.
