A brief sample of our March 2018 newsletter: What’s Happening in Ohio Community Development?
FY 2018 1.3T Dollar Spending Bill Includes Increases for Housing and Community Development
As part of the bill signed into law recently, overall HUD funding increased 4.6 billion dollars over FY17, more than 12 billion dollars above the president’s FY18 request. The approximate 10% increase is in line with the 10% overall increase the bill provides to non-defense discretionary programs. HOME funding increased (412 million) as part of the agreement, as did the Community Development Block Grant Program (305 million). USDA housing and rural development programs also saw increases. The budget also included a new line item for 100M in social impact partnerships. View a list of expenditures compared with past years. This is certainly positive given the last eight years of austerity but there still is a long way to go to get to pre-2010 funding levels and beyond.