SENATE SUBCOMMITTEE PASSES HUD FY 2012 APPROPRIATIONS BILL
A U.S. Senate Committee on Appropriations Transportation, Housing and Urban Development, and Related Agencies Subcommittee yesterday marked up the fiscal year (FY) 2012 appropriations bill for the departments under its jurisdiction, including the U.S. Department of Housing and Urban Development (HUD). The marked up bill appropriates nearly $37 billion in funding to HUD for FY 2012. The bill increases to $18.9 billion funding for housing choice vouchers and increases to $9.4 billion funding for project-based rental assistance. The bill also decreases to $1 billion funding for the HOME Investment Partnership program, $1.9 billion funding for the public housing capital fund, decreases to $2.85 billion funding for the Community Development Block Grant program. The full Appropriations Committee is scheduled to consider the bill today at 3 p.m. EDT.
Tune in to the September 27 Tax Credit Tuesday podcast to learn more about FY 2012 HUD funding.