President Obama’s Budget

HUD Programs in the FY 16 Budget

USDA Rural Housing in the 2016 Budget

President Obama’s Budget

HUD Programs in the FY 16 Budget

Register for HAC’s WebinarFebruary 2, 2015, 2:30 pm – Released on Feb. 2, the Obama Administration’s proposed FY 2016 budget includes requests for the US Department of Housing and Urban Development. The budget proposes increases above 2015 appropriated levels in almost all programs, as the table below shows. The only cut would be in Community Development Block Grants, but that program and many others are proposed at the same levels sought a year ago in the President’s 2015 budget.

USDA Rural Housing in the 2016 Budget

February 2, 2015, 2:30 pm – The Obama Administration’s detailed budget for FY16, released this morning, would keep many of the USDA rural housing programs at or near their FY15 levels. These include Section 502 direct and guaranteed loans, farm labor housing loans and grants, and Section 504 repair loans and grants. Increases are requested for Rental Assistance, preservation vouchers, and the Section 515 rental loan program. Like last year’s budget, this one proposes some changes in the Rental Assistance program, including a $50 minimum rent for tenants.