Senate Committee Approves Funding for Affordable Housing In FY 2017
On April 21, the Senate Appropriations Committee voted in favor of its Fiscal Year (FY) 2017 Transportation, Housing and Urban Development (THUD) spending bill. The bill was approved 30-0. A copy of the FY 2017 Senate THUD appropriations bill can be found here.
Overall, the Senate THUD bill provides $56.5 billion in budget authority to fund the nation’s transportation, housing, and community development priorities. This represents an $827 million decrease from FY 2016 enacted levels and $2.9 billion below the President’s budget request.
Despite the low allocation, the bill provides nearly $1.5 billion in additional spending compared to FY 2016 for affordable housing and community development programs. At the mark up, THUD Subcommittee Chairwoman Susan Collins (R-Maine) noted that the "bipartisan bill makes important investments in our nation’s infrastructure, helps meet the housing needs of the most vulnerable among us, and provides funding for economic development projects that create jobs in our communities.”
Specifically, the bill proposed increases in spending for Housing Choice Vouchers, Project-Based Rental Assistance, Public Housing Operating Fund, Homeless Assistance Grants, Housing for the Elderly, and Lead-Based Paint Hazard programs, among others. However, the Choice Neighborhoods program saw a significant decrease in funding. For more details, see Enterprise's comprehensive review of the FY 2017 Senate THUD bill and our updated budget chart.