Bill would cut all funding to HUD

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The House bill would cut funding for public housing by $165 million below the 2014 level, even before adjusting for inflation, despite the fact that the 2014 level itself was well below what hud metrics show public housing agencies need to operate public housing developments and meet pressing repair needs.

The bill provides $2.4 billion less than the Senate Appropriations Committee-reported FY 2015 T-HUD bill, with approximately $1 billion less for HUD programs. The bill would provide $700 million for the HOME program, a $300 million, or 30 percent, cut from the FY 2014 funding level of $1 billion and $250 million less than the Senate bill and.

July home-price growth slows but wages still can’t keep up It’s Not Avocado Toast But Stagnant Wages Dimming american dream.. corelogic case-shiller 20-city home price index and the Bureau of Labor Statistics.. slow growth in wages compared to. The U.S. economy probably added jobs at a healthy clip again in July.. But U.S. Pay Gains Still Can’t Keep Up.

HUD’s Policy and Research Development funding is cut by 4% below FY11 funding levels and 19% below the President’s request. The bill also newly requires a minimum 50% match for any cooperative agreements for policy and research activities funded with non-HUD funds.

2019 Housing Choice Voucher Program Funding Implementation Next Steps. According the FY 2018 budget blueprint, the administration is proposing $40.7 billion in gross appropriations, a $7.4 billion (15.3 percent) cut from the FY 2017 omnibus spending level for HUD, and only $23.5 million for the CDFI Fund, a $224 million (91 percent) cut from the FY 2017 omnibus bill.

Funding to maintain existing levels of Housing Choice Vouchers would effectively be cut by $1.284 billion and cause an estimated 140,000 households to lose their assistance. Based on 2018 HUD Public Use Microdata Sample, 53.25% of all households participating in the Housing Choice Voucher program have a head of household or spouse that is elderly or disabled.

Foreclosures drop to lowest level since 2007 Foreclosure auction sales (trustee’s sales or sheriff’s sales) selling to third party investors (not including those going back to the foreclosing lender) accounted for 2.8 percent of all home sales in 2016, down from 2.9 percent in 2015 to the lowest level since 2007 – a nine-year low.

Ben Carson reckons with proposed hud budget cuts.. A combination of federal and state funding covered the $19,000 cost to strip the house of lead-based paint to make it safe for the three young.

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The House on Thursday passed another giant funding package, putting lawmakers exactly. security money to an existing pot was the “worst cut” in the entire spending bill. “We have all heard the.

In a budget addendum crafted after the. for HUD. But even that addition would leave HUD’s funding well below current spending levels. The Trump administration’s document calls for a 14.2 percent.

House bill would give HUD $13.4 billion more funding than Trump plan. In contrast to the severe cuts proposed by the Trump administration, affordable housing programs would get a tremendous boost of funding in Fiscal Year 2020 under the spending bill just released by the House Appropriations Committee.