FY 2018 Omnibus Increases Funding Levels for Many Housing and Community Development Programs

The omnibus spending package also includes significant funding increases for many affordable housing and community development programs, including $1.36 billion for the HOME Program and $3.3 billion for the Community Development Block Grant (CDBG) Program, the highest level of funding either program has seen in seven years. Additional appropriations for FY 2018 include:

  • Section 4 Capacity Building Program (Section 4) is funded at $35 million, level with FY 2017.
  • Community Development Financial Institutions (CDFI) Fund is funded at $250 million, up from $248 million in FY 2017.
  • Tenant-Based Rental Assistance (TBRA) is funded at $22.015 billion, up from $20.292 billion in FY 2017.
  • Project-Based Rental Assistance (PBRA) is funded at $11.515 billion, up from $10.8 billion in FY 2017.
  • Section 202 Housing for the Elderly is funded at $678 million, up from $502 million in FY 2017. This includes $105 million for new construction.
  • Choice Neighborhoods Initiative is funded at $150 million, up from $137.5 million in FY 2017.
  • The Public Housing Operating Fund is funded at $4.55 billion, up from $4.4 billion in FY 2017.
  • The Public Housing Capital Fund is funded at $2.75 billion, up from $1.942 billion in FY 2017, a significant increase of $810 million over FY 2017 enacted levels.
  • The Rental Assistance Demonstration (RAD) cap will be raised to 455,000 units, up from 225,000 units. In addition, RAD authority is extended to the Project Rental Assistance Contract (PRAC) inventory, which would make it possible for approximately 120,000 units of senior housing to be preserved.

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