On April 28 the House Appropriations Committee released its draft FY16 appropriations bill for the Departments of Transportation and HUD. The T-HUD Subcommittee passed (“mark up”) the bill on April 29 without changes.

The bill would reduce appropriations for HOME from $900 million in 2015 to $767 million in 2016. To make up the difference, it would channel receipts from Fannie Mae and Freddie Mac to HOME rather than to the National Housing Trust Fund, where current law requires them to go.

The bill has level funding for CDBG, Native American housing, public housing operating funds, fair housing, and housing counseling. Some other reductions and increases would also occur, as the table below indicates.

After the subcommittee acts, the full House committee mark-up is the next step in the process and will probably occur soon. The Senate committee has not yet scheduled its action on a T-HUD bill. Also not yet clear is when a final appropriations act will pass and what the impact of a required budget sequester could be.