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Senate THUD Bill Slashes HOME Program Funding

Tuesday, June 23, 2015 - 11:45AM

The Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (THUD) today approved a fiscal year (FY) 2016 THUD funding bill that would reduce HOME program funding from $900 million in FY 2015 to $66 million in FY 2016. The bill provides $55.7 billion in total discretionary budget authority, an increase of $1.88 billion from FY 2015 and $7.3 billion less than the amount requested by the president. The THUD Subcommittee appropriations bill is now available for consideration by the full Senate Appropriations Committee on Thursday.

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