Congress
Senate Finance Committee Holds Hearing on Affordable Housing
In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income Housing Tax Credit (Housing Credit) as our nation’s primary tool for increasing the supply of affordable rental housing.
Senate Appropriations Subcommittee Bill Advances With $1.4 Billion Increase Over FY2017
The 3.5% increase over last year is in contrast to the House’s current appropriations bill, which calls for a 1.3% decrease to HUD’s appropriation.
HUD Appropriations Bill Advances to Full Committee Without Amendment, 1.3% Reduction Over 2017
T-HUD Bill Goes Through Committee Mark-Up, Forwarded to Full Committee Without Amendment.
Congresswoman Maxine Waters Introduces Bill to Fully Fund Public Housing
The Public Housing Tenant Protection and Reinvestment Act of 2017 would reform several rules related to public housing, as well as fully fund the public housing stock.
First Drafts of House Spending Bills Come in Higher than White House Budget Proposal
While The Office of Management and Budget requested $462 billion for nondefense discretionary spending, House appropriators have decided to draft allocations assuming a $511 billion topline instead.
HUD Publishes 2017 Community Planning and Development Budget
Overall, this year’s CPD budget represents a 2% increase in allocation over 2016.
Confirmation Hearing For Dep. Secretary Nominee Scheduled for June 6
The Senate Committee on Banking, Housing, & Urban Affairs will meet in open session to conduct a hearing for the Chairman of the Council of Economic Advisers and for the Deputy Secretary of Housing and Urban Development.
White House Releases FY-18 Budget Request
The significantly reduced budget maintains all existing vouchers (HUD’s largest expense) by increasing expenses for tenants and placing a freeze on rent adjustment increases for PBRA, Section 202, and Section 811, among other strategies.
Leaked FY-18 Budget Draft Proposes Deep Cuts To HUD
A copy of a recent internal-draft of President Trump’s FY-18 Budget was obtained by POLITICO and several advocacy organizations. The document, dated May 4, proposes significant cuts to the HUD Budget. The expanded document reflects many of the priorities outlined in the “Skinny Budget” released earlier this year by the Trump Administration, though readers should […]
House Ways and Means Committee Schedules Tax Reform Hearing
The House Ways and Means Committee has a hearing scheduled for Thursday, May 18, at 10am to discuss tax reform and how it could grow the economy and create jobs.
Omnibus Appropriations Enacted for Remainder of FY 2017 Budget; HUD Sees Slight Increase
The $1.07 trillion budget agreement does not include any of the $18 billion in domestic program cuts requested by the White House and will likely be passed this week.
Trump Releases Tax Plan, Rep. Brady Pushes Back House Schedule for Tax Reform
Donald Trump today has released a preliminary version of a tax plan, calling for a reduction in the corporate tax rate to 15%.