President Trump released the FY 2027 (FY27) budget request to Congress on Friday, which requested a total of $73.5 billion in HUD funding.

  • By the Numbers: The FY27 request is a $10.7 billion cut (13 percent decrease) from HUD’s FY26 enacted funding levels, and approximately $30 billion more than the FY26 request.
  • Most significantly, the request did not zero out almost every HUD program (as did the FY26 request) nor did it propose converting tenant based rental assistance into state block grants.
  • Yes, but: In FY26, Congress largely ignored the President’s budget request and increased or level-funded programs from FY25.

While our chart shows many important programs received drastic funding cuts, the budget request includes some new housing related investments:

  • $30M to combat fraud, waste, and abuse in federal housing programs by strengthening oversight and financial transparency, preventing assistance to ineligible recipients (deceased tenants and ineligible non-citizens), and “eliminate funding to entities that use funding to proselytize woke agendas.”
  • $30M for the renamed Melania Trump Foster Youth to Independence Initiative to provide housing choice vouchers to youth ages 18–24 exiting foster care and at risk of homelessness. (This new name was revealed in the State of the Union address).
  • $160M for “FHA administrative costs to ensure loans are processed efficiently and risks are properly managed, helping more Americans access affordable, sustainable homeownership.”

What’s Next: The House and Senate will mark up and release their own FY27 budgets.

  • The House has slated May 21 for the subcommittee markup of Transportation-Housing and Urban Development and Related Agencies (T-HUD) and June 4 for the full committee markup; these dates may change as the House’s schedule is finalized.
  • The Senate has yet to release their markup schedule.

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