President Biden has released his request for the fiscal year 2025 (FY25) budget, following the Administration’s recent announcement of new actions to strengthen housing supply and lower housing costs and the release of the Treasury’s 2024 Housing Agenda. The budget request, while not legally binding, signals the Administration’s priorities and is a jumping off point for the congressional appropriations process for FY25. Despite the spending cap constraints from the Fiscal Responsibility Act of 2023, the President’s budget request proposes nearly level funding for many affordable housing and community development programs, in addition to making historic investments on the mandatory spending side.

Insurance dominated Louisiana’s 2024 legislative session, with lawmakers and the newly elected Insurance Commissioner seeking to address the state’s property insurance crisis. 

Harvard's Joint Center for Housing Studies’ (JCHS) 2024 State of the Nation's Housing report finds that, between 2020 and early 2024, rents for professionally managed apartments increased by 26%, even as rent growth relaxed to just 0.2% year-over-year in early 2024.

The U.S. Supreme Court has issued its decision on City of Grants Pass, Oregon v. Johnson. In a disappointing ruling, the Supreme Court decided that the U.S. Constitution does not protect people against cruel and unusual punishment for sleeping outside, even if they have nowhere else to go. This decision doubles down on phony fixes like ticketing and arresting people experiencing homelessness and stands to further stymie the ability of individuals to secure employment, housing, or government support.

On June 27, the House subcommittee that funds the federal Department of Housing and Urban Development (HUD) approved its fiscal year 2025 (FY25) spending bill and sent the proposal to the full committee for consideration. Due to the bipartisan debt limit legislation, the Fiscal Responsibility Act of 2023 (FRA), Congressional appropriators are operating under strict budget caps, which will affect the amount they can provide for non-defense discretionary programs.