Federal Budget — Federal Policy Impacting Affordable Housing

By November 1, 2017News

Federal Budget

The Presidential Budget Proposal reduced funding to the Department of Housing and Urban Development by 14%. This would have eliminated funding for several key programs including the HOME program which has funded over 50 units of housing in Blaine County since 2009.

Fortunately, Congress has not accepted the proposal, the current budget, which has passed the House, has kept funding flat for these critical programs. The budget now needs to pass the Senate which is expected to happen before the end of the year.