ADVOCATE – April 3, 2019
President’s Budget Would Slash and Eliminate HUD Programs
The President’s FY 20 Budget, A Budget for A Better America, was released on March 11. The Public Housing budget is hit hard with a $4.6 billion reduction, which is more than 60 percent of the FY 19 enacted budget. The Operating Fund, with a proposed budget of $2.863 billion, is $1.79 billion (nearly 40 percent) lower than the FY 19 enacted level of $4.653 billion. PHADA, CLPHA, and NAHRO have put forth a joint industry needs statement that estimates a $5.4 billion budget for the Operating Fund.