HUD Releases Proposed Budget for 2017

Last week, the U.S. Department of Housing and Urban Development (HUD) unveiled their proposed budget for 2017. An accompanying press release listed the various goals for the proposed budget as helping Americans to secure and maintain affordable housing, ending homelessness, making communities more resilient from natural disasters, and protecting people from housing discrimination.  HUD sees this work as critical to the administration’s overall efforts to strengthen communities, bolster the economy, and improve the quality of life for the American people.

The budget proposal includes $48.9 billion in gross discretionary funding as well as $11.3 billion in new mandatory spending over ten years. This mandatory spending will emphasize supporting 4.5 million households, specifically through rental assistance, increasing homeless assistance, supporting tribal communities, making targeted investments in communities to revitalize high-poverty neighborhoods, and improving housing affordability.

You can read the proposed fiscal year 2017 budget on HUD’s website

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