THUD FY 2015 spending bill falls short of President’s proposal

more+
less-

Calculator TapeThe House Appropriations Transportation, Housing and Urban Development (THUD) Subcommittee has approved a budget for the coming fiscal year. In comparison to fiscal year 2014 funding levels, the THUD bill increases spending for many federal housing programs. However, it remains shy of the funding levels recommended in President Obama’s 2015 proposal.

Some highlights from the budget include the following:

  • Public Housing Capital Fund: THUD recommends an allocation of $1.775 billion versus the President’s $1.925 billion recommendation.
  • Public Housing Operating Fund: THUD allocates $4.4 billion, while the President suggested $4.6 billion.
  • Housing Choice Vouchers: THUD trails the President with an allocation of $17.693 billion versus his $18 billion.

View the full text of the budget here and the Appropriations Committee’s summary of the budget here.

 

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ballard Spahr LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×