On August 2, President Trump signed into law a two-year bipartisan budget agreement . This legislation raises spending limits by $320 billion over sequestration levels and suspends the federal debt ceiling until July 31, 2021.
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.
President Laurel Blatchford tells Multi-Housing News how the federal government shutdown is putting at risk the millions of people who benefit from programs -- especially at HUD and USDA -- that provide housing assistance to low-income families.