The Trump Administration released its FY 2019 budget request last month, proposing to eliminate funding for more than a dozen housing and community development programs and cut funding for most others across HUD, the Department of Agriculture’s Rural Housing Service, and the Department of Treasury. The Administration proposes eliminating the HOME Investment Partnerships program, the Section 4 Capacity Building Program, Community Development Block Grants (CDBG), the Choice Neighborhoods Initiative, and the Public Housing Capital Fund at HUD; the Community Development Financial Institutions (CDFI) Fund at Treasury; and Section 502 Single Family Direct Loans, Section 515 Rental Housing Direct Loans, and Section 523 Mutual and Self-Help Housing Grants, among other programs at USDA’s Rural Housing Service. The request also calls for reduced funding for Tenant-Based Rental Assistance, the Public Housing Operating Fund, and Section 811 Housing for Persons with Disabilities. Overall, the budget proposal would reduce HUD’s funding by roughly 14 percent. Read more about the President’s budget request on Enterprise’s website.
The President’s budget also proposed amending the U.S. Housing Act to allow public housing agencies to introduce minimum employment requirements and increase rent payments from 30 to 35 percent of gross monthly income for about 4 million federal public housing and voucher recipients.