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Administration Budget Provides $49.3 Billion for HUD

Monday, February 2, 2015 - 11:45AM

In its proposed budget for fiscal year (FY) 2016, the Obama administration provides $49.3 billion for U.S. Department of Housing and Urban Development (HUD) programs, which is $4 billion more than the 2015 enacted level. The proposal includes $21.1 billion for the Housing Choice Voucher program and $10.8 billion for the project-based rental assistance program. It would also provide $50 million to convert approximately 25,000 public housing units to project-based rental assistance contracts under the Rental Assistance Demonstration (RAD) program.

Tune into the Feb. 3 episode of the Tax Credit Tuesday podcast for more information on the proposed budget.

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