Over the Memorial Day weekend, President Biden and House Speaker Kevin McCarthy announced the Bipartisan Budget Agreement to raise the debt ceiling. This morning, the U.S. House of Representatives released the Fiscal Responsibility Act of 2023, which would raise the debt ceiling until 2025. According to news media reports, the Fiscal Responsibility Act of 2023 includes the following:
On Tuesday, the Office of Management and Buget (OMB) released a memo stating that House Republicans would have to slash spending for all other federal agencies by 30 percent next year if they would like to protect or see an increase in defense spending. The memo states that a 30 percent cut would eliminate funding for Housing Choice Vouchers for over 800,000 households, including 250,000...
CLPHA, Industry Groups Release Joint FY24 Funding Recommendations; CLPHA Releases Separate FY24 Funding Recommendations
CLPHA, the MTW Collaborative, the National Association of Housing and Redevelopment Officials (NAHRO), and the Public Housing Authorities Directors Association (PHADA) released our joint funding recommendations for the Office of Public and Indian Housing and Office of Housing programs administered by the U.S.
On March 13, 2023, the Biden Administration released its full fiscal year 2024 (FY24) budget request. Generally for public housing and related programs, the proposal is a modest increase over previous years. The Administration requests a total $73.3 billion in discretionary funding for the Department of Housing and Urban Development (HUD), a $1.1 billion or 1.6 percent increase over the FY23...