Over the weekend, the House Republican majority released the text of a Continuing Resolution (CR) that would fund the government through the end of FY 25. If passed, the CR would avert a government shutdown that would occur on March 14, 2025, when the current CR expires.
In general, the CR maintains funding at FY 24 levels for core HUD programs. However, it increases Housing Choice Voucher (HCV) contract renewal funding to $32.041 billion, up from $28.491 billion in FY 24. When combined with an additional $4 billion in advance appropriations from FY 24, this should result in a nearly 100 percent proration for the voucher program in FY 25.
Additionally, the CR includes language that would allow HUD to utilize unused Tenant Protection Voucher (TPV) funding, HCV administrative fees, and incremental special purpose voucher funding to offset any voucher shortfalls.
In terms of other HUD programs, the CR includes increased funding for Project-Based Rental Assistance (PBRA), as well as for the Section 202 (housing for the elderly) and Section 811 (housing for persons with disabilities) programs.
The House is expected to vote on the CR in the coming days, and it is unclear whether Speaker Johnson has sufficient support to pass the bill. Senate negotiators are still discussing a potential full-year appropriations bill, though as of now they have not released topline funding numbers.