ADVOCATE – October 6, 2021
House Financial Services Committee Advances $327 Billion Legislation for HUD Programs
On September 14, on a 30–24 vote, the House Financial Services Committee passed its portion of the Build Back Better Act, part of the $3.5 trillion reconciliation package being negotiated in Congress, separate from the FY 22 appropriations process. The Act would provide $327 billion in funding, largely for HUD programs. The Committee noted the effect of investments in housing infrastructure, stating that such investment helps those in need of housing as well as the economy.