Senate Releases Remaining FY22 Appropriations Bills

On October 18, the Senate Appropriations Committee Chairman Patrick Leahy (D-VT) released the committee’s nine remaining Fiscal Year 2022 (FY22) appropriations bills, including proposed FY22 spending bills for HUD and Treasury. The FY22 Transportation, Housing and Urban Development (THUD) spending bill would authorize $65.4 billion for HUD, an increase of $5.7 billion above the FY21 enacted level. While the Senate FY22 THUD bill does not provide as much funding as proposed in the House, strong funding levels for many critical affordable housing and community development programs are proposed. In particular, the legislation provides $27.7 billion for Tenant-Based Rental Assistance, $1.45 billion for HOME, $3.55 billion for CDBG, and $41 million for Section 4.

The THUD bill also includes the Reforming Disaster Recovery Act (S. 2471), which is legislation designed to accelerate assistance to disaster impacted communities by permanently authorizing the Community Development Block Grant-Disaster Recovery (CDBG-DR) program and making improvements to the program’s operations. Learn more about the Reforming Disaster Recovery Act in new blog post from Enterprise’s Policy Analyst Ayate Temsamani.

Separately, the FY22 Financial Services and General Government (FSGG) spending bill includes $360 million for the Treasury’s Community Development Financial Institution Fund, an increase of $90 million over FY21. For more information on the THUD and FSGG appropriations bills, view a new blog post from Enterprise’s Senior Policy Analyst Alexander Williams.

Enterprise encourages Congress to finalize FY22 appropriations legislation before the current Continuing Resolution expires on December 3 and provide robust funding for affordable housing and community development programs.

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