Sign Up For Novogradac Industry Alert Emails

Congress Passes FY 2001 Budget Bill

Friday, October 20, 2000 - 1:00AM

Almost three weeks into the new fiscal year, Congress overwhelmingly passed the fiscal year 2001 budget bill that covers the nation’s federal housing programs on Oct. 19. The House passed the record $32.4 billion HUD budget by a vote of 386-to-24, while the Senate passed it by 85-to-8. This year’s budget includes increases to all major affordable housing production programs. The Community Development Block Grant Program (CDBG) receives $5.1 billion, a $258 million increase over FY 2000. The HOME Program receives $1.8 billion, a $200 million increase over last year.

Learn more about Novogradac's expertise and many services