June 5, 2017
Trump’s Budget Proposal and Housing
The President’s 2018 proposed budget cuts deeply into housing programs, including $6.2 billion decrease for the U.S. Department of Housing and Urban Development (HUD). As part of the budget change tenant rent contributions will increase from 30% to 35% with exceptions for those who experience “hardship.” The budget also calls for the elimination of the United States Interagency Council on Homelessness; an organization that coordinates with federal agencies to prevent and end homelessness. Additionally, the budget proposes to eliminate funding for the Community Development Financial Institutions Fund, which is a Department of Treasury program that helps entice developers and investors to build housing and businesses in low-income neighborhoods. Five HUD programs would be eliminated under the Trumps proposal.
Also in Policy Brief:
- Impact of Cuts
- How Does Housing Impact Health?
- Housing: ‘The Ripple Effect’
- Meals on Wheels