28 July, 2021 10:01

The House Financial Services Committee held a hearing on July 20 titled, “Building Back a Better, More Equitable Housing Infrastructure for America: Oversight of the Department of Housing and Urban Development.” HUD Secretary Marcia Fudge served as the hearing’s sole witness, her first hearing before the committee as secretary. In her opening testimony, Secretary Fudge stated, “The president’s 2022 budget is just one part of his commitment to make generational investments into America’s housing. In addition to the vital support contained in this budget, the president has called for sweeping new housing investments through his ‘Build Back America’ agenda. These investments would help build or restore more than two million affordable homes. The ‘Build Back Better’ agenda would help more families of modest means realize the dream of homeownership, expand the supply of affordable rental housing, and help revitalize our public housing stock.” The president’s FY22 budget requests $68.7 billion for HUD, a 15% increase over FY21 appropriated levels.

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