From the National Low Income Housing Coalition:
The final fiscal year (FY) 2018 spending bill – released yesterday, March 21, by Congressional leaders – includes a significant increase in funding for affordable housing and community development programs at HUD and USDA, along with an increase in Low Income Housing Tax Credits and an important reform to the tax program. This successful outcome is due to the hard work of advocates across the nation and strong Congressional champions, including Senators Susan Collins (R-ME) and Jack Reed (D-RI) and Representatives Mario Diaz-Balart (R-FL) and David Price (R-NC) – the chairs and ranking members of the House and Senate Transportation-HUD Appropriations Subcommittees – as well as Senator Maria Cantwell (D-WA) and others.
The bill provides HUD programs with $4.6 billion in additional funding overall compared to FY17, or more than $12 billion above the president’s FY18 request. With a 10% one-year increase to HUD, many programs were funded at levels significantly above what was proposed in either the House or Senate draft bills. The spending bill renews all Housing Choice Vouchers and provides new vouchers to veterans and people with disabilities, allocates nearly $1 billion in additional funding to repair and operate public housing, and boosts funding for the HOME Investment Partnerships program (HOME) to the highest level in seven years. Moreover, the final bill includes none of rent increases proposed by the president in his budget request. See NLIHC’s updated budget chart for more details.
The final FY18 spending bill is a clear repudiation of the president’s budget request, which would have cut funding for HUD by nearly 15%, or $7.4 billion, compared to FY17 levels, provided the HUD secretary with the authority to increase the financial burden on current and future tenants, eliminated 250,000 Housing Choice Vouchers, and slashed or zeroed out funding for public housing, the national Housing Trust Fund, HOME, and Community Development Block Grants.
The House is expected to vote on the bill as soon as today, March 22, followed by the Senate soon thereafter. Congress must enact the spending bill before the current stop-gap spending measure expires on Friday, March 23. Congressional leaders could turn to a short, day-long continuing resolution to provide enough time to overcome procedural hurdles. Once the bill is enacted, NLIHC and our partners in the Campaign for Housing and Community Development will turn our full attention to defeating the president’s FY19 budget request, securing the highest allocation possible for affordable housing and community development programs, and defeating harmful benefit cuts.
Read and learn more on the NLIHC’s website.