The House of Representatives and Senate Appropriations Committees have released Fiscal Year (FY) 2024 language for their respective Transportation, Housing and Urban Development, and Related Agencies (THUD) Subcommittees. The marked-up House bill proposes steep cuts to U.S. Department of Housing and Urban Development (HUD). In its current form, the legislation would provide $65.208 billion for HUD in FY24, 25% below FY23 funding including cutting the HOME Investment Partnerships Program (HOME) from its FY23 $1.5 billion level to an overall budget of $500 million.

The Senate approved its THUD bill that would maintain funding for several HUD programs including level funding of $1.5 billion for HOME. The Senate’s THUD appropriations bill would also maintain all existing rental assistance, including Project Based Rental Assistance properties, Housing Choice Vouchers and provide $3.9 billion for Homeless Assistance Grants, a $275 million increase above the FY 2023 enacted level.

Both chambers of Congress enter the annual recess period beginning in August for members to return to their districts and states for constituency work. The Senate returns to Washington, D.C. on Tuesday, September 5 followed by the House on Tuesday, September 12. Members will have until Saturday, September 30 to pass a full appropriations passage for presidential signature before the new Fiscal Year begins on Sunday, October 1 to avoid a federal government shutdown. In previous years Congress has passed what is known as a Continuing Resolution (CR) to allow for more time to pass a long-term appropriations bill. NACCED will continue monitoring Capitol Hill for updates on federal government funding legislation as updates are known.

NACCED members are encouraged to contact their elected officials and advocate against proposed cuts that would lead to increased poverty and hardship, especially for people with the lowest incomes. To locate your representative click here. To view your senators click here.