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11Jun

Senate Committee Approves Robust Funding for Affordable Housing in FY19

The Senate Appropriations Committee voted June 7 to approve a draft FY19 spending bill that provides robust funding for affordable housing and community development programs at HUD. The strong Senate bill is the direct result of the efforts by housing advocates across the nation and congressional champions Senator Susan Collins (R-ME) and Jack Reed (D-RI). The bill will now head to the Senate floor.

The Senate bill builds on the 10% increase in HUD funding that advocates and congressional champions secured in FY18 by providing $1.8 billion in new resources in FY19. Overall, the bill provides HUD programs with more than $12 billion above the president’s FY19 request and more than $1 billion above the House bill. In doing so, the Senate Committee clearly rejected the calls to drastically cut housing investments – in the form of funding cuts, harmful rent increases, rigid work requirements, and de facto time limits – proposed by the White House and members of Congress.

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