Administration Proposes 2018 HUD Budget

WASHINGTON – (RealEstateRama) — The Administration proposed a Fiscal Year 2018 spending blueprint for discretionary programs in several agencies across the Federal Government, including the U.S. Department of Housing and Urban Development. The blueprint reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. It also recognizes a greater role for State and local governments, and the private sector to address community and economic development needs. Moreover, the spending plan supports the longstanding homeownership mission of the Federal Housing Administration (FHA) to provide mortgage insurance to credit qualified households. A more detailed program-by-program budget proposal will be announced in May.  Read more about HUD’s budget blueprint.

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
More information about HUD and its programs is available on the Internet
at
www.hud.gov and http://espanol.hud.gov.

You can also connect with HUD on social media and follow Secretary Carson on Twitter and Facebook or sign up for news alerts on HUD’s Email List.

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U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

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