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town-crier_facebookTo assist in reviewing the progress of the Federal FY’18 budget we have prepared separate blog posts on the following departments’ budget.   Here is a break on the Federal Budget for the Department of Housing and Urban Development (HUD)

The Transportation, Housing and Urban Development (T-HUD) bill would reduce Department of Housing and Urban Development (HUD) funding by 1.3 percent, to $38.3 billion, which is a significantly more favorable outcome for municipalities, when compared to the Administration’s proposed 20 percent cut that included the complete elimination of the Community Development Block Grant (CDBG) program, the HOME Investment Partnership Program, and the Choice Neighborhoods Initiative. Still, if the House funding reductions hold, municipalities nationwide will be on the hook to make up for lost federal dollars on a smaller scale. CDBG and HOME would be reduced the $100 million each and Choice Neighborhoods would fall to $20 million, an amount small enough to be considered a “placeholder” amount to keep the program on the budget until more favorable funding levels become available.

The brightest spot in the HUD budget is a small increase for Homeless Assistance Grants. Funding for housing rental assistance would also grow by a slight amount, but not at the same rate as inflation which, along with other factors, could result in an overall loss of more than 100,000 housing vouchers next year.

The charts that follow compare funding for key municipal programs in the current (FY ’17) Budget along with funding requests in the President’s proposal, as well as funding authorized in the bills approved by the House Appropriations Committee.

Program FY’17 Budget President’s Proposal FY’18 House Bill
CDBG $3 billion Eliminated $2.9 billion
HOME $950 million Eliminated $850 million
Choice Neighborhoods $138 million Eliminated $20 million
Tenant Based Rental Assistance $20.292 billion Reduces Rental Assistance Programs by $1.9 billion. $20.487 billion
Project Based Rental Assistance $10.816 billion $11.082 billion
Public Housing Operating Fund $4.4 billion $4.4 billion

Contacts:

  • Michael Cerra, Assistant Executive Director, mcerra@njslom.org, 609-695-3481 x120;
  • Jon Moran, Senior Legislative Analyst, jmoran@njslom.org 609-695-3481 x121;

 

 

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