House THUD Subcommittee Approves FY23 Spending Bill

On June 23, the House Appropriations Subcommittee on Transportation, and Housing and Urban Development and Related Agencies (THUD) approved by voice vote its fiscal year (FY) 2023 spending bill. The FY23 legislation would provide $62.7 billion for HUD, which is an increase of $9 billion above FY22, providing robust funding levels for key housing and community development programs. The bill includes $31 billion for Tenant-Based Rental Assistance, which is $3.6 billion above FY22 and includes $1.1 billion to expand housing assistance to more than 140,000 low-income families; $14.9 billion for Project-Based Rental Assistance for an increase of $1 billion over FY22; $8.7 billion for public housing, an increase of $282 million over FY22; $3.3 billion for Community Development Block Grants, which is level with FY22; $1.7 billion for the HOME Investment Partnerships Program, an increase of $175 million above FY22; and $45 million for Section 4, a $4 million increase over FY22.

Additionally, the bill includes $60 million for competitive economic development grants for climate resilience projects, as well as $75 million to public housing agencies (including competitive grants) to improve climate resilience of public housing through higher energy or water efficiency.

The House is working to mark up and pass its appropriations bills by the end of the month, but the Senate has not yet released any proposals for FY23 appropriations.

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