House Releases $1.5 Trillion FY 2022 Omnibus Bill with 8.9% Increase in HUD Spending
The House of Representatives today released a $1.5 trillion omnibus spending bill for fiscal year (FY) 2022 that includes a 6.7% increase in nondefense spending, the largest such increase in four years. Gross appropriations for the U.S. Department of Housing and Urban Development (HUD) is $65.7 billion, an 8.9% increase from FY 2021. The legislation contains no provisions related to the low-income housing tax credit (LIHTC) nor to renewable energy provisions that expired at the end of 2021. This is the first fiscal year without discretionary spending caps from the Budget Control Act of 2011.
A Notes from Novogradac blog post provides more details, including a breakdown of the HUD budget.