Administration Proposes 2018 U.S. Department of Housing and Urban Development Budget




Washington, DC - - (March 16, 2017) - - Today, the Administration proposed a Fiscal Year 2018 spending blueprint for discretionary programs in several agencies across the Federal Government, including the U.S. Department of Housing and Urban Development (HUD).

The blueprint reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. It also recognizes a greater role for State and local governments, and the private sector to address community and economic development needs. Moreover, the spending plan supports the longstanding homeownership mission of the Federal Housing Administration (FHA) to provide mortgage insurance to credit qualified households.

According to HUD, a more detailed program-by-program budget proposal will be announced in May.


Information source: U.S. Department of Housing and Urban Development