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.

It took Lou Wratchford many years to think of herself as a leader. “I’ve always thought of myself as an Upper Mattaponi person, and always an advocate for my Tribe,” said Assistant Chief Lou Wratchford of the Upper Mattaponi Tribe in King William, Virginia, who was elected by her tribe in October 2023. Lou is now the third woman executive leader in the Upper Mattaponi’s modern history.