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NAHMAnalysis: Proposed Appropriations for HUD Affordable Housing Programs in FY 2016

20 July 2015
 July 20, 2015
Category Industry News

A NAHMAnalysis which reviews and compares the Senate and House Transportation, Housing and Urban Development (T-HUD) Appropriations bills for fiscal year 2016 is now available at NAHMA.org.

On April 28, 2015, the House T-HUD Appropriations Subcommittee released its draft funding bill for fiscal year 2016. The Senate T-HUD Appropriations Subcommittee followed on June 23. The House bill would provide a total of $42 billion for HUD in FY 2016 while the Senate bill would provide a total of $37.56 billion. Nearly all of the proposed funding levels for HUD’s affordable housing programs in the House and Senate bills were below the Obama Administration’s budget request for the upcoming fiscal year.

This is due in part to tight fiscal restraints imposed by previous budget agreements, which have presented numerous challenges in drafting the appropriations legislation for fiscal year 2016. Since the Bipartisan Budget Act, no comprehensive agreement on federal spending has been reached, and with the budget relief for 2014 and 2015 now expired, lawmakers on the Senate and House Appropriations Committees drafted their funding legislation for FY 2016 under challenging budget caps. The resulting bills contain steep cuts for affordable housing programs.

To view this NAHMAnalysis, please click here

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