The fiscal year 2020 funding bill that a House subcommittee released today would invest substantial additional resources to help low-income families that struggle with the high cost of housing. Overall, the bill would raise Department of Housing and Urban Development (HUD) program funding by $3.8 billion (or 7 percent) over the nominal (not inflation-adjusted) 2019 level. (The subcommittee press release cites a rise of $5.9 billion, but $2.1 billion of it will simply fill a hole created by an expected decline in HUD receipts associated with mortgage insurance programs.)
Among its many positive provisions, the House bill would:
The House bill is a major step forward, in sharp contrast with President Trump’s 2020 budget, which proposed deep cuts across HUD programs that would cause hundreds of thousands of families to lose the assistance they need to remain in stable homes.
The House bill also shows the need for the President and Congress to substantially raise the limits on overall defense and non-defense discretionary spending that are scheduled to take effect for 2020 under the Budget Control Act. The House subcommittee drafted its HUD funding bill in accordance with the higher spending limits that the House agreed to earlier this year. The Senate and the President now must also reach agreement on higher spending limits in order to finalize these important investments to help more vulnerable families afford decent, stable homes.