With a historic budget surplus, now is the time for Gov. Gavin Newsom and California Legislative leaders to make transformative affordable housing investment
The House Appropriations Subcommittee for Transportation, and Housing and Urban Development, and Related Agencies (THUD) proposed an FY23 budget of $62.7 billion for HUD, an increase of $9 billion over FY22 and $1.1 billion above the president’s budget request.
On April 9, President Biden released his blueprint for the Fiscal Year (FY) 2022 budget. The request is the first installment of the President’s budget plan. The $1.52 trillion budget request, a 16 percent increase in non-defense discretionary funding, is aimed at addressing inequality, disease and climate change, and it includes significant investments in Enterprise policy priorities.
The Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation announced their joint commitment to strengthen and modernize the Community Reinvestment Act.
The House of Representatives passed H.R. 4502, a seven-bill FY22 spending minibus that included the chamber’s funding levels for HUD, USDA and the Treasury Department.
Deadly disasters disproportionately affect underserved communities and people of color, reflecting decades of disinvestment and the climate impacts faced when compared to wealthier and non-redlined areas.