Blog Post
Feb19

Modest Funding Increases for Housing in Fiscal Year 2019; Budget Deal Needed for Fiscal Year 2020

Prolonged negotiations around fiscal year (FY) 2019 spending levels have finally come to a close, with Congress and the Administration approving a spending package that modestly increases spending levels on housing and community development programs. Lawmakers now need to raise the spending caps for FY 2020 to avoid budget sequestration.
Blog Post
Aug06

Senate Passes Bipartisan Minibus that Includes Funding for Important Housing Programs

On Wednesday, the Senate passed its bipartisan “minibus” spending package, H.R. 6147, with a 92-6 vote. The $154.2 billion package combined four separate spending bills for Fiscal Year 2019 (FY19), appropriating funding for the Departments of Agriculture, Transportation, Housing and Urban Development (HUD), Treasury, and the Interior.
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Blog Post
Feb12

President’s FY 2019 Budget Request Would Cut Funding, Eliminate Programs

This morning the administration released the president’s fiscal year (FY) 2019 budget request, which proposes dramatic cuts to housing and community development programs across agencies, including the Department of Housing and Urban Development, the USDA Rural Housing Service, and the Department of Treasury.
Blog Post
Jul21

Congress Holds Series of Hearings on Tax Reform

With the fate of health care reform uncertain, Republican leaders in Congress have turned their attention towards comprehensive tax reform in hopes of achieving a legislative victory before the year’s end. While major differences within Congress are sure to complicate the tax reform process moving forward, a series of hearings over the last week in both chambers of Congress have focused on common themes, including how tax reform will help small businesses, middle class families and working individuals.
Blog Post
Jun30

Senate Banking Committee Considers Housing Finance Reform

On June 29, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on “Principles of Housing Finance Reform,” marking the Senate’s first formal step this year to discuss the mortgage finance system, including the future of Fannie Mae and Freddie Mac, the mortgage companies that were placed into government conservatorship more than eight years ago.
Blog Post
Mar17

Extreme Cuts to Housing and Community Development Programs in Skinny Budget

President Trump’s Administration released a FY 2018 budget outline, or “skinny budget,” that proposes extreme cuts to housing and community development programs at HUD, Treasury, and USDA.
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