Tuesday, March 12, 2019

Trump Administration FY 2020 Budget Blueprint Proposes $9.6 Billion Cut to HUD, Eliminates CDFI Fund Grant Funding

March 11, 2019                            By: Peter Lawrence

The Trump administration today released its $4.7 trillion fiscal year (FY) 2020 budget request, which includes $750 billion in defense spending including overseas contingency operations and other adjustments and $567 billion for nondefense spending including adjustments. The proposed base nondefense discretionary spending cap is $543 billion, a cut of $54 billion from FY 2019 spending cap.

Of the nondefense discretionary budget, the administration requested $44.1 in gross U.S. Department of Housing and Urban Development (HUD) spending, a $9.6 billion (18 percent) cut from the amount appropriated in FY 2019, but $2.9 billion more than the FY 2019 request.

Highlights of the FY 2019 HUD budget blueprint follow.

Program eliminations

As with previous budget requests, the blueprint proposes to eliminate the Community Development Block Grant, HOME Investment Partnership and Public Housing Capital Fund programs. The programs received $3.3 billion, $1.25 billion, and $2.8 billion respectively.

Rental Assistance renewal funding

The FY 2020 blueprint provides $37.9 billion “to maintain services to all currently assisted low-income families,” which presumably covers HUD’s rental assistance programs, such as the Section 8 Housing Choice Voucher, Project-based Rental Assistance, Public Housing Operating Fund, expiration of Sections 202 and 811 rental assistance, McKinney-Vento Homeless Assistance Grants, and Housing for People With AIDS (HOPWA). However, the blueprint continues to propose to reforms to require “work-able” individuals to pay more and subject them to work a minimum of 20 hours a week or participate in training or educational activities. The Republican-controlled Congress considered these reform proposals in the past two budgets and rejected them.................Read More

No comments:

Post a Comment